Earn with Nexo
Crypto funds bleed $1B as Iran tensions snap six-week inflow streak
Crypto funds bled $1B as Bitcoin slipped toward $76K, while Goldman exited XRP and Solana ETFs and raised its IBIT exposure.
Powered by Gloria
The smart money is picking sides, and altcoins aren't on the list.
Iran tensions sent oil past $112 a barrel and dragged Bitcoin back to $76K.
Corporate treasuries are still buying. Institutional funds are rotating hard.
Meanwhile, a Bitcoin miner just bet $3.5B that its future is in AI, not crypto.
The theme this week: conviction is narrowing, and the exits are getting crowded.
Strategy now holds 843,000 Bitcoin after its latest $2B buying spree
Strategy paid an average of $81K per coin for its 25,000 Bitcoin haul last week.
The software company turned crypto vault keeps buying even as prices slide from $82K to $76K.
When the largest corporate Bitcoin holder is still accumulating at these levels, it sets a floor that the rest of the market watches closely.
Markets
Oil spike and Iran ultimatum pull crypto markets lower
Trump warned Iran on Sunday that "the clock is ticking" on nuclear talks.
Brent crude spiked to $112 a barrel overnight before settling near $109.
Risk assets followed oil's lead in the wrong direction.
BTC slid below $76K, ETH fell near $2,100, SOL dropped to $84, and XRP dipped to $1.38.
Goldman Sachs liquidates every XRP and Solana ETF position it owned
Goldman's Q1 2026 filing reveals a complete exit from all altcoin ETF holdings.
The bank didn't just trim. It zeroed out $154M worth of XRP and Solana exposure.
When Wall Street's biggest names flee altcoin products, the "ETF narrative" for smaller tokens gets a lot harder to sell.
Crypto fund outflows hit $1.1B, snapping a seven-week inflow streak
Bitcoin products alone bled $982M last week. Ethereum lost $249M, its worst since January.
Oddly, XRP and Solana funds bucked the trend with $68M and $55M in fresh inflows.
Year-to-date Bitcoin inflows have shrunk to just $3.9B, a fraction of what bulls were projecting.
Bitcoin miner HIVE surges 35% after announcing $3.5B AI pivot
HIVE Digital unveiled plans for a 320-megawatt AI gigafactory in Toronto.
The facility will house over 100,000 GPUs at full build-out. That's a long way from mining rigs.
Investors are rewarding crypto companies that can tell a credible AI story, even if the revenue is years away.
On Our Radar
Crypto's pivot: Digital asset investors are flooding back to traditional brokers.*
Crypto's shadow banking: A Iranian exchange is moving billions through Trump-linked backers.
The tokenization fast-track: UK regulators green-light digital assets for wholesale banking.
*sponsored
ICYMI
Meme of the Day
See you in the next one.
Estéfano
|
|
