June 1: ETF Outflows Hit $2.97B

Brief Summary:Bitcoin opened June weak, trading around $72K and briefly dipping below $72,000.U.S. spot Bitcoin ETFs have now seen a record 10 straight days of net outflows, totaling $2.97 billion.Strategy disclosed the sale of 32 Bitcoin for about $2.5 million between May 26 and May 31, its first disclosed BTC disposal.Strategy still holds 843,706 Bitcoin at an average purchase price of $75,699.The proceeds from Strategy’s sale are earmarked for preferred-stock distributions, raising questions about how its capital structure interacts with its Bitcoin strategy.Ethereum is trading around $2,000 while broader crypto remains under pressure.XLM surged more than 40% after DTCC selected Stellar for a tokenized securities platform rollout.DTCC oversees more than $114 trillion in assets and processes about $2.5 quadrillion in securities transactions annually.HYPE remains one of the few relative-strength tokens, supported by demand for newly introduced HYPE-based ETFs.Binance launched U.S. stock and ETF trading, giving users access to more than 7,000 securities and fractional shares starting at $5.Citi projects tokenized securities could reach $5.5 trillion by 2030, with a bull case of $8.2 trillion.GENIUS Act stablecoin comment periods begin closing June 2, moving stablecoin rules from legislation into implementation.The Senate floor window reopens June 3 for another push on the Clarity Act and related crypto market-structure provisions.Sui suffered three mainnet halts in 48 hours due to upgrade-related bugs, though no user funds were lost.Aave is overhauling listing standards after the $230 million rsETH exploit exposed bridge and off-chain infrastructure risk.A whitehat researcher unlocked about $2 million in ETH trapped in a failed 2016 HongCoin ICO contract.The SEC sued a Texas man over an alleged $12.3 million fake AI crypto bot scheme.Friday’s U.S. jobs report is the key macro event this week, with nonfarm payrolls expected around 96,000 and unemployment at 4.3%. Hosted on Acast. See acast.com/privacy for more information.