[News Brief] Apr 22, morning | US Spot Bitcoin ETFs Saw $1.257 Billion in Net Outflows Last Week

US Spot Bitcoin ETFs Saw $1.257 Billion in Net Outflows Last Week

Source: PANews. According to SoSoValue, US spot Bitcoin ETFs recorded net outflows of $1.257 billion last week (May 18–22, US Eastern Time).

By product, BlackRock’s IBIT saw the largest net outflow at $1.008 billion, followed by Fidelity’s FBTC with net outflows of $112 million.

During the same period, Morgan Stanley’s ETF, MSBT, recorded net inflows of $1.117 million. As of press time, the total net assets of spot Bitcoin ETFs stood at $98.87 billion, accounting for 6.49% of Bitcoin’s total market capitalization.

Stable EURR and USDR Depeg After Multisig Exploit

According to Wu Blockchain, EURR and USDR issued by Stable, a stablecoin issuer backed by Tether and Kraken, depegged following a multisig wallet exploit.

The Block reported that the attacker exploited a 1-of-3 multisig wallet vulnerability to mint $13.5 million worth of unbacked tokens. The incident has once again highlighted concerns over stablecoin reserve credibility and issuance authority management.

Early Satoshi-Era Miner Deposits 2,650 BTC to FalconX and Cumberland

PANews, citing Onchain Lens, reported that an early Bitcoin miner from the Satoshi Nakamoto era deposited 2,650 BTC to FalconX and Cumberland.

The amount is worth about $203 million. The early miner is believed to still hold around 6,000 BTC.

Large transfers to trading firms are often interpreted as potential sell signals, making this a short-term supply factor to watch in the Bitcoin market.

CFTC Chair: “There Is No Possibility the US Will Ban Bitcoin and Cryptocurrencies”

According to Odaily, the CFTC chair said there is no possibility that the United States will ban Bitcoin and cryptocurrencies.

He said the US would present standards that serve as an example to the world and added that greater regulatory clarity for crypto is being established.

The remarks came as market uncertainty continues over the direction of digital asset regulation in the United States.

10x Research: “Bitcoin Trend Model Has Turned Bearish”

According to PANews, 10x Research said its Bitcoin trend model has turned bearish. It identified $76,088 as the key upside/downside pivot level and noted that the current price remains above that threshold.

10x Research said Strategy’s “never sell” stance appears to be weakening and that Michael Saylor may have hinted at the possibility of selling part of the company’s Bitcoin holdings, which it sees as a market overhang. It added that ETFs have seen $2.7 billion in outflows since May 7, while total Bitcoin ETF net outflows for May reached $1 billion.

Macro conditions were also cited as a headwind. 10x Research said inflation and rising oil prices could affect future CPI readings, while low volatility, trading volume, and open interest suggest weakening market confidence and liquidity. It also recommended a core relative-value position of long Bitcoin and short Ether.

Two Previously Dormant Wallets Deposit 1,650 BTC to FalconX

Two wallets that had been inactive for more than a year deposited a total of 1,650 BTC to FalconX.

PANews, citing Lookonchain monitoring, reported that the wallets transferred BTC worth about $127 million to FalconX around six hours earlier. When large amounts of BTC move to trading platforms, the market often grows more cautious about potential selling pressure.

Tether Treasury Transfers 140 Million USDT to Bitfinex

According to Whale Alert, Tether Treasury transferred 140 million USDT, worth about $139.825 million, to Bitfinex.

The transaction was a large stablecoin movement on the Ethereum network. While inflows of USDT to exchanges may suggest the potential for increased market liquidity, the specific purpose of the transfer has not been confirmed.

SOL Spot ETFs Saw $15.63 Million in Net Inflows Last Week

According to PANews, citing SoSoValue data, SOL spot ETFs recorded net inflows of $15.63 million last week.

Fidelity’s ETF FSOL led SOL spot ETFs with inflows of $13.5399 million. FSOL’s cumulative net inflows reached $185 million.

Bitwise’s ETF BSOL recorded net inflows of $2.4033 million, bringing its cumulative net inflows to $905 million.

Meanwhile, VanEck’s ETF VSOL posted net outflows of $563,100 last week. Total net assets of SOL spot ETFs stood at $971 million, with cumulative net inflows of $1.13 billion.

Brian Armstrong Lists Eight Areas for Improving the Financial System, Including RWA Tokenization

According to PANews, Coinbase CEO Brian Armstrong said on X that there are still eight major areas in the financial system that need improvement, including real-world asset tokenization, 24/7 global trading, and next-generation payments.

Armstrong said putting real-world assets such as real estate, stocks, bonds, and funds on blockchain could enable instant settlement, fractional ownership, and broader distribution. He also said low-cost global remittances using stablecoins, AI-based risk management and credit scoring, and innovation-friendly regulation are needed.

He added that open protocols and self-custody wallets can broaden financial access and create a lower-cost capital formation environment. He further noted that making these changes work inclusively will require significant technological innovation and policy effort.

MoonPay Launches Crypto Purchase App Inside ChatGPT Platform

According to Decrypt, MoonPay has launched a dedicated app inside the ChatGPT platform, allowing users to buy cryptocurrencies directly during conversations.

Users can check crypto information in ChatGPT and then enter the purchase amount to receive a MoonPay payment link. Standard KYC verification and wallet connection are required to complete the purchase.

Supported assets include Bitcoin, XRP, Solana, and USDC. MoonPay said the app launch is part of its strategy to expand AI-based crypto tools.

Previously, MoonPay acquired AI trading startup Dune Labs and launched the trading assistant tool Dune CLI.