[News Brief] Apr 22, morning | On June 5 (U.S. Eastern Time), spot Bitcoin ETFs recorded total net outflows of $326 million

On June 5 (U.S. Eastern Time), spot Bitcoin ETFs recorded total net outflows of $326 million. BlackRock’s IBIT led the overall outflows with $214 million in net redemptions.

According to Odaily, based on SoSoValue data, the top net inflow of the day came from Morgan Stanley’s ETF MSBT, which attracted $4.2773 million. MSBT’s cumulative net inflows now stand at $268 million.

VanEck’s ETF HODL followed with net inflows of $4.219 million. HODL’s cumulative net inflows were tallied at $1.151 billion.

The largest outflow came from BlackRock’s ETF IBIT, which saw $214 million leave the fund in a single day. Even so, IBIT’s cumulative net inflows remained at $62.47 billion.

As of the time of data compilation, total net assets of spot Bitcoin ETFs stood at $75.115 billion, and the ratio of ETF net assets to Bitcoin’s total market capitalization was 6.08%. Cumulative net inflows were calculated at $53.94 billion.

The Bank of Russia is moving to restrict the cryptocurrencies available to non-professional and non-qualified investors to Bitcoin (BTC), Ethereum (ETH), and Tether (USDT).

Source: Wu Blockchain

Vladimir Chistyukhin, First Deputy Governor of the Bank of Russia, said cryptocurrencies are high-risk and highly volatile instruments, and that there are currently no plans to expand the list of permitted assets. He also noted that USDT wallets carry the risk of being frozen by the issuer.

Russia is also considering imposing an annual purchase limit of about $4,100 for retail investors buying cryptocurrencies through a single broker or exchange service provider.

The U.S. House Ways and Means Committee plans to hold a hearing next week on digital asset taxation, according to Odaily.

A related draft reportedly includes seven bills covering stablecoins, staking, mining, and tax relief for certain small transactions.

The U.S. Congress has previously been discussing crypto regulation centered on a stablecoin regulatory framework and the CLARITY Act, a market structure bill.

Some drafts focus on reducing the tax reporting burden for everyday digital asset payments. Senator Cynthia Lummis previously proposed exempting gains or losses on digital asset transactions under $300 from taxation, as well as making digital asset lending non-taxable.

In the House as well, a proposal had been introduced to exempt capital gains tax on eligible dollar stablecoin transactions under $200.

Industry group The Digital Chamber said it would work with lawmakers to establish clearer and fairer tax rules for digital assets.

Source: PANews. The Illinois state legislature has passed the fiscal 2027 budget bill, which includes a provision imposing a 0.2% tax on cryptocurrency transactions by digital asset brokers.

According to Cointelegraph, the provision is part of an amendment to the Digital Asset Privilege Tax Act that requires digital asset brokers to register. Brokers that fail to comply could face Class 3 felony charges starting January 1, punishable by two to five years in prison and fines of up to $25,000.

The budget bill has passed the state legislature, but it still requires the signature of Governor J.B. Pritzker to become law. Lawmakers estimate that the tax could generate about $60 million in revenue for the state.

According to Odaily, Onchain Lens monitoring shows that the Bhutanese government transferred 738 BTC, worth about $45 million, to a newly created wallet.

The transfer marks a large on-chain movement of government-held Bitcoin, though there is currently no evidence directly linking it to exchange selling.

Odaily, citing Lookonchain monitoring, reported that a wallet linked to Ethereum co-founder Joseph Lubin moved 81,000 ETH after more than three years of inactivity.

The transfer was worth about $121.6 million. The wallet is still reported to hold 243,300 ETH, worth about $370 million.

A whale address that had used borrowed funds to buy ETH with leverage was liquidated for an additional 6,667.13 ETH after ETH fell to $1,540.

According to Odaily, crypto analyst Ai Yi Mo said the address also repaid a loan of 9.878 million USDT alongside the liquidation.

The whale was liquidated for a cumulative 21,798.13 ETH overnight, leaving collateral across two addresses reduced to 82,871.28 ETH.

On-chain data shows that the address beginning with 0xc3f still holds 51,333.58 ETH, with a liquidation price of $1,526.91. The address beginning with 0x34d holds 31,537.7 ETH, with a liquidation price of $1,458.78.

Odaily, citing Lookonchain monitoring, reported that a wallet believed to be linked to F2Pool co-founder Wang Chun appears to have accumulated more ETH.

The wallet withdrew 17,560 ETH from Binance over the past 16 hours, worth about $28.67 million.

The transaction represents a large exchange outflow from a major wallet, and the market is watching whether it points to long-term holding or a separate operational strategy.

According to Odaily, Onchain Lens said that the whale wallet Seven Siblings (0x5ffc...3c37) purchased an additional 11,759 ETH.

The purchase was worth $18.03 million. The wallet also currently holds USDS worth about $10 million.

According to Odaily, Nasdaq-listed Bitcoin mining company Bitdeer said on X that as of June 5, it mined 205.3 BTC during the week and sold all 205.3 BTC during the same period.

As a result of the sale, Bitdeer posted no net increase in Bitcoin holdings, and its current Bitcoin holdings stand at zero.