The crypto market saw a flurry of activity as Bitcoin spot ETFs recorded $79.15 million in net inflows, Visa introduced its Stablecoin Platform for financial institutions, and Polygon added over 107,000 new holders in just one month. Meanwhile, BitPay secured regulatory approval under the EU’s MiCA framework, and prediction market platform Kalshi hit a record $217.98 million in daily crypto contract volume.
Bitcoin Spot ETFs See $79.15 Million in Inflows
According to data from SoSoValue, Bitcoin spot ETFs recorded a total net inflow of $79.15 million on July 16. BlackRock’s IBIT led the pack with $33.44 million in daily net inflows, bringing its historical net inflow to $60.35 billion. Fidelity’s FBTC followed with $30.73 million, pushing its total historical net inflow to $9.97 billion. The combined net asset value of all Bitcoin spot ETFs now stands at $77.72 billion, with an ETF net asset ratio of 6.04% and historical cumulative net inflows reaching $51.22 billion.
Visa Launches Stablecoin Platform for Institutions
On July 16, Visa announced the Visa Stablecoin Platform (VSP), a new enterprise offering designed to help banks, fintechs, and payment providers integrate on-chain settlement without building their own infrastructure. The platform provides access to OpenUSD, a stablecoin launched by Open Standard with participation from over 140 institutions. VSP addresses the operational challenge of stablecoin adoption by offering pre-built wallet infrastructure via a Wallet-as-a-Service model, direct minting and burning of OpenUSD, and seamless connectivity to Visa’s settlement and treasury systems.
Polygon Holders Surge 78% in One Month
Polygon (POL) saw its holder count jump from 138,000 to 245,000 in just 30 days, adding more than 107,000 new wallets—a 78% increase. This growth was driven by rising payment activity on the network. Monthly Crypto Card Volume surged over 122% to a record high, with more than $30.5 million processed so far, compared to $13.69 million in June.
BitPay Receives MiCA Approval in the Netherlands
BitPay has secured authorization under the European Union’s Markets in Crypto-Assets (MiCA) framework through its Dutch subsidiary, BitPay B.V., from the Dutch Authority for the Financial Markets (AFM). This approval allows BitPay to offer regulated digital asset services—including payment acceptance and stablecoin transactions—across all EU member states via MiCA’s passporting rules. Thom de Jong, BitPay’s Chief Compliance Officer for Europe, emphasized that the authorization strengthens the company’s ability to serve EU businesses and consumers while reinforcing its compliance-focused approach.
Kalshi Crypto Contract Volume Hits Record $217.98 Million
Kalshi’s crypto event contracts set a new single-day volume record on July 15, reaching $217.98 million, according to Artemis data. Volume on the platform has been steadily climbing since May, rising from roughly $5 million daily on January 1 to the current record—a 44x increase in about seven months. Kalshi now controls roughly 84% of crypto-prediction volume, having overtaken Polymarket in the space.
Frequently Asked Questions
How much inflow did Bitcoin spot ETFs record?
Bitcoin spot ETFs recorded $79.15 million in net inflows. BlackRock’s IBIT led with $33.44 million, followed by Fidelity’s FBTC at $30.73 million.
What is Visa’s Stablecoin Platform?
Visa’s Stablecoin Platform is an enterprise offering for banks, fintechs, and payment providers. It supports wallet infrastructure, OpenUSD minting and burning, and integration with Visa settlement systems.
How many new holders did Polygon add?
Polygon added more than 107,000 holders in one month. Its holder count rose from 138,000 to 245,000, marking a 78% increase.
What MiCA approval did BitPay receive?
BitPay secured authorization under the EU’s MiCA framework through its Dutch subsidiary. This allows it to offer regulated crypto payment and stablecoin services across EU member states.
Why is Kalshi’s crypto contract volume important?
Kalshi’s crypto event contracts hit a record $217.98 million in daily volume. The surge shows rising demand for regulated prediction-market exposure to crypto-related events.
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