The crypto market saw major developments on June 26 as Bitcoin spot ETFs recorded a heavy outflow of $696.29 million, while Bitcoin treasury firm Metaplanet’s stock fell to a new 52-week low. Meanwhile, Ethereum activity stayed strong as Sharplink and BitMine added to ETH exposure, and AAVE outperformed the broader market, gaining over 5%.
Bitcoin Records $696 Million in Outflows
According to SoSoValue, Bitcoin spot ETFs saw a total net outflow of $696.29 million yesterday. The Bitcoin spot ETF with the highest net inflow was Morgan Stanley’s ETF MSBT, with a daily net inflow of $9.17 million, bringing its total historical net inflow to $326.93 million. The Bitcoin spot ETF with the highest net outflow was Fidelity’s ETF FBTC, with a daily net outflow of $274.48 million, and its total historical net inflow stands at $10.14 billion. The total net asset value of Bitcoin spot ETFs is $72.57 billion, with an ETF net asset ratio of 6.09%. The historical cumulative net inflow has reached $52.05 billion.
Metaplanet Hits 52-Week Low Despite 40,177 BTC Treasury
Metaplanet fell sharply on June 26 as investors continued to sell the Tokyo-listed Bitcoin treasury company. According to Google Finance, the stock closed at ¥197, down 10.45% for the day. The stock touched ¥195 during the session, marking a fresh 52-week low. Its 52-week high stands at ¥1,681, meaning the shares now trade about 88% below that peak. Google Finance listed Metaplanet’s market capitalization at ¥252.41 billion and daily volume at 34.90 million shares. The company has added 27,832 BTC over the past year while the stock has continued to fall. Metaplanet’s latest public Bitcoin balance stands at 40,177 BTC.
Sharplink Buys More Ethereum
Sharplink resumed buying Ethereum for the first time in eight months. According to on-chain data from Arkham, a wallet linked to the company received 5,000 ETH, valued at approximately $7.85 million, from crypto prime brokerage FalconX. The timing of the purchase attracted attention as ETH declined to around $1,537, its lowest level in 2026. Andri Fauzan Adziima, Research Lead at Bitrue Research Institute, said the purchase shows that institutional conviction is still strong despite subdued market conditions. The company now holds approximately 876,285 ETH, making it one of the largest institutional holders of Ethereum globally.
BitMine Stakes 160,480 ETH
BitMine has staked another 160,480 ETH worth about $248.7 million, according to on-chain tracker Lookonchain. The move raised the company’s total staked ETH to about 4.88 million tokens, or roughly 86% of its total Ethereum holdings. The latest staking move came days after BitMine released its June 22 holdings update. The company said it held 5,672,956 ETH, 205 BTC, $601 million in cash and marketable securities, and stakes in Beast Industries and Eightco Holdings. The company reported annualized staking revenue of about $223 million and said fully staked ETH could produce higher yearly rewards through its validator network and partners.
AAVE Surges 5%
Aave rose more than 5%, making it one of the top-performing crypto assets despite the broader market decline. This advance contrasts with the selling pressure suffered by Bitcoin and other major altcoins. CoinGecko indicated that the native token accumulated a rally of nearly 30% over a 14-day period, adding an 11.7% gain over the past week. This rally coincides with the publication of a projection analysis issued by Standard Chartered. According to the document signed by the bank’s global head of digital assets research, Geoff Kendrick, the decentralized protocol could experience substantial expansion during the remainder of the decade.