Tag: Metaplanet

  • Bitcoin ETFs See $294M Outflow, Metaplanet Revenue Hits ¥11.4B, Avalanche Stock Plunges 73%

    Bitcoin ETFs See $294M Outflow, Metaplanet Revenue Hits ¥11.4B, Avalanche Stock Plunges 73%

    The crypto market witnessed major developments as Bitcoin spot ETFs reported $294.62 million in net outflows, while XRP whales accumulated during the price dip. Meanwhile, Metaplanet disclosed its BTC revenue and Avalanche Treasury stock fell.

    Bitcoin Saw $294 Million in Outflows

    According to SoSoValue, the Bitcoin spot ETF saw a total net outflow of $294.62 million yesterday. The Bitcoin Spot ETF with the highest net inflow yesterday was the Grayscale Bitcoin Mini Trust ETF $BTC, with a daily net inflow of $36.33 million. The second highest was Morgan Stanley’s ETF MSBT, with a daily net inflow of $29.81 million, and the total historical net inflow of MSBT currently stands at $364.01 million. The Bitcoin Spot ETF with the highest net outflow yesterday was BlackRock’s ETF IBIT, with a daily net outflow of $219.39 million, and the total historical net inflow of IBIT currently stands at $60.03 billion. The total net asset value of Bitcoin Spot ETFs is $72.46 billion, with an ETF net asset ratio of 6.01%. The historical cumulative net inflow has reached $50.86 billion.

    XRP Whales are Accumulating

    According to market analyst Xaif Crypto, XRP’s drop to $1.04 appears to have triggered fear among smaller traders, but large investors saw it as a buying opportunity. XRP has since recovered to $1.06. A key indicator is the All CEX whale spread, which has climbed to 50.9%, signaling that whales now control a significantly larger share of XRP held on centralized exchanges. Coinbase whale outflows have surged. Transfers of more than 1 million XRP jumped from 10% to 25.7% of total exchange activity in just two weeks. Large withdrawals are widely viewed as a bullish signal, suggesting investors are moving tokens into private wallets for long-term holding instead of preparing to sell.

    Metaplanet Reports Bitcoin Income Business Revenue

    Japanese listed company Metaplanet released results for its Bitcoin income business revenue in the second quarter of fiscal 2026. According to Foresight News, the business recorded operating revenue of 1.75 billion yen in the second quarter. Metaplanet said cumulative revenue for the first half of the fiscal year reached 4.72 billion yen. The company added that over the past 12 months, cumulative revenue from its Bitcoin income business totaled 11.4 billion yen.

    Ethereum Posts Historic Third Straight Losing Quarter

    The second-largest cryptocurrency has fallen victim to the prolonged bear market as the second quarter closed. This makes it the asset’s third consecutive quarterly loss. Since reaching its all-time high of nearly $5,000 in August 2025, the price of the cryptocurrency has maintained a steady downward trajectory. Data from CoinGecko reveals that the asset is now trading around $1,560, representing a 70% contraction from its peak price. Historically, the month of July does not usually favor the platform’s performance, having closed lower in six of the last ten years.

    Avalanche Treasury Stock Collapses

    Avalanche Treasury Co. shares have fallen sharply since their Nasdaq debut as lower AVAX prices have weighed on the company’s digital asset holdings. The AVAX-focused digital asset treasury firm began trading under the ticker AVAT on June 11. The stock recently traded near $0.50, down about 73% from its $1.85 close on debut. AVAX recently traded near $6.69, up 0.94% over 24 hours but down 23% over the past month. Avalanche Treasury reported a net loss of $26.78 million for the quarter ended March 31, according to its latest SEC filing. The company also reported $1.22 million in cash and a net working capital deficit of $9.06 million at quarter-end.

    FAQs

    1. How much outflow did Bitcoin spot ETFs record?
    According to SoSoValue, Bitcoin spot ETFs recorded total net outflows of $294.62 million yesterday. BlackRock’s IBIT saw the largest withdrawal at $219.39 million.

    2. Which Bitcoin ETF saw the highest inflow?
    The Grayscale Bitcoin Mini Trust ETF recorded the highest daily inflow at $36.33 million. Morgan Stanley’s MSBT followed with $29.81 million in daily inflows, taking its historical inflow to $364.01 million.

    3. Why are XRP whales accumulating?
    According to market analyst Xaif Crypto, XRP’s fall to $1.04 created fear among smaller traders but attracted larger investors. Coinbase whale transfers above 1 million XRP rose from 10% to 25.7% of exchange activity in two weeks.

    4. How much revenue did Metaplanet report from its Bitcoin income business?
    According to Foresight News, Metaplanet’s Bitcoin income business generated ¥1.75 billion in operating revenue during Q2 FY2026. The company said revenue reached ¥4.72 billion in the first half and ¥11.4 billion over the past 12 months.

    5. Why did Avalanche Treasury stock fall sharply?
    Avalanche Treasury stock has dropped around 73% from its Nasdaq debut close as weaker AVAX prices pressured its digital asset holdings. The company also reported a quarterly net loss of $26.78 million and a working capital deficit of $9.06 million.

  • Bitcoin ETFs See $696M Outflow, Metaplanet Hits 52-Week Low, and AAVE Surges 5%: Crypto News Roundup

    Bitcoin ETFs See $696M Outflow, Metaplanet Hits 52-Week Low, and AAVE Surges 5%: Crypto News Roundup

    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.