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Crypto

Bitcoin spot ETFs have far to go despite rebound; June outflows hit record

U.S.-listed bitcoin spot exchange-traded funds posted net inflows for a second straight week, but the rebound remains limited. The past two weeks brought $273.1 million of net inflows, just 3.3 percent of the $8.2 billion that exited over the previous eight weeks. June outflows totalled about $4.5 billion, the largest monthly figure since the products launched in January 2024. Analysts remain divided over whether the move marks a trend shift.

Crypto

Possibility raised of Fed buying equity ETFs; could it lift cryptocurrencies?

An analysis said that if U.S. stocks enter a steep bear market, Federal Reserve market support could expand liquidity in cryptocurrency markets. Analysts cited the size of the U.S. stock market and political pressure to avoid a prolonged downturn. Eric Balchunas said the Fed could break with decades of precedent and buy equity ETFs. Market participants said Fed intervention could include rate cuts and balance-sheet expansion, though high inflation could limit immediate action.

Crypto

Morgan Stanley joins ETF fee war with 0.14 percent on ethereum and solana

Morgan Stanley has set fees of 0.14 percent for ethereum and solana spot exchange-traded funds it plans to launch in the United States. It filed amended S-1 registration statements with the U.S. Securities and Exchange Commission, disclosing a fee structure below existing competitors. The fee would be the lowest among U.S. ethereum and solana spot ETFs, according to figures cited in the report. The amended filing also includes staking arrangements and discloses the products’ names and tickers.