Markets

US spot Bitcoin ETFs posted a 13th consecutive day of net outflows on Wednesday, extending the longest withdrawal streak in the products' history to $4.4 billion cumulative since May 15.

US spot Bitcoin ETFs pulled in another $519 million of net redemptions on June 2, extending the longest outflow run since the funds launched and tipping a leveraged market into $1.86 billion of forced selling.

A multi-million-dollar Polymarket contract on whether Strategy sold any bitcoin by May 31 has been disputed twice and is now in front of UMA tokenholders, reigniting an analyst argument that prediction-market oracles built on token voting are structurally unfit for high-stakes settlement.

A Monday 8-K filing shows Strategy disposed of 32 BTC between May 26 and May 31 at an average $77,135 a coin, with proceeds earmarked for distributions on its STRC preferred stock — the first disclosed sale since the December 2022 tax-loss harvest.

CME Group announced it has expanded its crypto derivatives offering to around-the-clock trading, allowing traders to access Bitcoin and Ethereum futures and options whenever they choose.

Spot ETFs tracking Hyperliquid ($THYP and $BHYP) attracted over $16 million in flows yesterday, bringing cumulative net inflows to $69 million.

HYPE token gained 7% over 24 hours following the launch of a synthetic SpaceX pre-IPO perpetual contract on Hyperliquid, valuing the private aerospace company at $1.78 trillion.

Tokenized ETFs have crossed $430 million in total onchain market cap, with Ondo Finance's IVVon token surging 150% in the past month on Ethereum.

Bitwise has launched its Hyperliquid ETF ($BHYP) today, becoming the second spot HYPE ETF available on US exchanges following Grayscale's offering.

The European euro-backed stablecoin EURCV issued by SG Forge has grown its market cap by more than 200% over the past year.