[News Brief] Apr 22, morning | BlackRock Spot Bitcoin ETF Records $528 Million in Net Outflows

BlackRock’s spot Bitcoin ETF, iShares Bitcoin Trust (IBIT), recorded $528 million in net outflows the previous day. This was the second-largest single-day net outflow since the ETF’s launch.

The source was Wu Blockchain. Bloomberg Senior ETF Analyst Eric Balchunas said IBIT has posted $2 billion in net inflows so far this year, placing it in the top 2% of all ETFs.

He added that IBIT’s cumulative net inflows have reached $64 billion, and that this latest outflow accounts for less than 1% of total cumulative inflows. Fund flows in spot Bitcoin ETFs are widely regarded as a key indicator of institutional demand and short-term investor sentiment.

U.S. Securities and Exchange Commission (SEC) Chair Paul Atkins said the era in which crypto entrepreneurs were driven overseas by regulatory uncertainty is “now over.”

According to the source, Atkins said that under President Trump’s administration, the SEC will work with the government and Congress to provide the regulatory clarity needed for digital asset markets.

He said the agency will also push forward digital asset-related legislation to establish a workable compliance path and clearly define the scope of oversight.

Mike Celik, a commissioner at the U.S. Commodity Futures Trading Commission (CFTC), said the Trump administration is developing the first national crypto roadmap.

According to Wu Blockchain, Celik said in an interview with Mark Moss on May 13 that President Trump is a “crypto president.”

He said that the introduction of Bitcoin futures during Trump’s first term was a major achievement, and that one of the current administration’s priorities is to build an unprecedented national-level crypto roadmap.

Celik also said the government is building a pro-crypto coalition to prevent infringement on individuals’ private assets and property rights.

Bitcoin (BTC) rose above $73,000.

PANews, citing OKX market data, reported that Bitcoin was trading at $73,016.30. Its daily gain was 0.12%.

Although the price moved above a key level, the upside remained limited.

Bitcoin Magazine reported that listed company Strive is estimated to have purchased 542 BTC, worth about $37 million, through SATA.

This week, Strive’s estimated cumulative BTC purchases exceeded 1,496 BTC. Corporate Bitcoin buying is drawing attention as a sign of institutional demand and potential reduction in circulating supply.

PANews, citing Onchain Lens monitoring, reported that Galaxy Digital unstaked 1 million HYPE, worth about $61.5 million.

Of that amount, 500,000 HYPE, worth about $30.36 million, was deposited to centralized exchanges including Bybit and OKX.

Exchange deposits are generally interpreted as increasing the likelihood of selling, though the specific purpose of the deposits has not been confirmed.

Odaily, citing Arkham data, reported that Loracle, known as the largest HYPE long position holder, unstaked $51.3 million worth of HYPE.

The market is watching for the possibility that the tokens may be sold. Large-scale unstaking is often seen as a short-term price overhang due to the potential increase in circulating supply.

According to Odaily, United Texas Bank received approval from the U.S. Office of the Comptroller of the Currency (OCC) to convert its state bank charter into a national bank charter.

With this approval, the bank will gain direct access to the Federal Reserve’s ACH and wire systems while maintaining FDIC deposit insurance coverage.

United Texas Bank plans to use this structure to provide more stable dollar banking channels for crypto exchanges, OTC desks, and stablecoin-related businesses.

This move comes as dollar settlement and liquidity access have emerged as key issues in the digital asset market.

On Hyperliquid, a large investor’s $30.5 million BTC long position came close to its liquidation price.

According to Odaily, on-chain analyst Weijin said the position could be liquidated if BTC falls another $400. The investor bought 416.6 BTC at $73,345 using 40x leverage, with a liquidation price of $72,433.

High-leverage derivatives positions are considered a source of short-term volatility because even small price moves can trigger forced liquidations.

Panews, citing OKX data, reported that Ethereum (ETH) rose above $2,000.

According to the report, ETH was trading at $2,000.23, up 0.48% on the day.