[News Brief] Jun 11, morning | Bitcoin Spot ETFs Record Net Outflows for a Fourth Consecutive Day

Bitcoin spot ETFs recorded total net outflows of $214 million on June 10 (U.S. Eastern Time), marking a fourth consecutive trading day of net outflows, PANews reported on June 11, citing SoSoValue data.

The largest net outflow came from BlackRock’s IBIT, which saw $148 million leave the fund. In contrast, Grayscale Bitcoin Mini Trust ETF posted net inflows of $17.5167 million, while Fidelity’s FBTC recorded net inflows of $4.0397 million.

As of the time of reporting, total net assets in Bitcoin spot ETFs stood at $77.331 billion, equivalent to 6.24% of Bitcoin’s total market capitalization. Cumulative net inflows totaled $53.558 billion.

Ethereum spot ETFs recorded total net outflows of $35.5931 million on June 10 (U.S. Eastern Time), PANews reported on June 11, citing SoSoValue data.

The largest net outflow came from BlackRock’s ETHA, totaling $20.6375 million. Meanwhile, BlackRock’s ETHB posted net inflows of $1.6751 million, making it the only product to attract capital that day.

As of the time of reporting, total net assets in Ethereum spot ETFs stood at $8.963 billion, representing 4.55% of Ethereum’s total market capitalization. Cumulative net inflows reached $11.207 billion.

According to Odaily, the U.S. Producer Price Index (PPI) rose 6.5% in May, above the market forecast of 6.4%.

This marked the highest level since November 2022. Core PPI rose 4.9%, unchanged from the revised April figure. PPI has climbed back to levels seen during the pandemic-era stimulus period, reinforcing concerns that inflationary pressure persists and increasing the likelihood of further rate hikes.

The monthly increase in the U.S. PPI for May came in at 1.1%, above the market expectation of 0.7%, according to Odaily.

The previous reading was revised to 1.1% from 1.40%.

May core PPI, excluding food and energy, rose 0.4% month-over-month, below the expected 0.5%. The previous figure was revised to 0.7% from 1.00%.

Rystad Energy’s head of geopolitical analysis, Jorge Leon, said international oil prices could surge to $150 per barrel if the United States and Iran return to full-scale conflict.

He said it is still too early to determine whether the current situation amounts to a full resumption of hostilities or a manageable risk event, adding that oil price volatility is likely to remain elevated until more evidence emerges.

Markets had previously been watching whether the ceasefire would hold and whether diplomatic channels could be restored, while instability in the Middle East could affect energy prices and sentiment toward risk assets.

OPEC crude oil production has reportedly fallen to its lowest level since 2000.

According to Irina Slav, the effects of higher production quotas were offset by the Iran conflict, export disruptions, and sharp output declines in Iraq and Iran.

Reduced oil supply could fuel international crude prices and inflationary pressure, making it a broader risk factor across financial markets.

PANews, citing OKX market data, reported that Bitcoin (BTC) fell below $62,000 and traded at $61,993.40.

This was down 1.03% from the previous day. Bitcoin is showing a short-term tug-of-war between buying and selling pressure around the key $62,000 price level.

Whale Alert said on June 11 that about 314.84 million USDC, worth approximately $314.95 million, was transferred from one anonymous wallet to another anonymous wallet.

The party behind the transaction and its purpose were not disclosed. Large stablecoin transfers can be interpreted as signals of changing market liquidity depending on whether they are linked to exchange inflows or outflows.

Mastercard has launched AP4M, a payment infrastructure designed to support micropayments between AI agents and machines.

PANews, citing The Block, reported that Mastercard unveiled AP4M, a payments infrastructure for AI agents and machines. AP4M supports bank cards, bank accounts, and stablecoin payments on Mastercard’s global network, aiming to reduce costs and delays in frequent micropayments.

The system combines AI identity verification with access control features, allowing users to set approval rules and spending limits. Initial partners include more than 30 firms, such as Coinbase, OKX, Polygon, Solana, Ripple, MoonPay, and Ava Labs.

Mastercard has previously pushed to expand stablecoin payments using USDC, PYUSD, and RLUSD, and has also acquired stablecoin startup BVNK.

According to PANews, the states of Delaware and New Jersey are moving forward with legislation to ban cryptocurrency ATMs.

Delaware’s House Economic Committee advanced HB441 to the full chamber, while New Jersey’s Senate Commerce Committee unanimously passed a related ban bill.

The Delaware bill would require the removal of existing crypto ATMs within 90 days after enactment and impose fines of up to $10,000 for violations. The New Jersey bill would impose fines of up to $10,000 for first offenses and up to $20,000 for repeat violations.

Supporters of the legislation argue that crypto ATM fees can reach as high as 20% of transaction value, making them excessive compared with online exchange fees. Indiana, Tennessee, and Minnesota have previously enacted full bans on cryptocurrency ATMs.

According to Odaily, Binance announced the listing of tokenized securities from bStocks.

Each bStock is backed 1:1 by U.S. shares held by a custodian, and users can trade them on the spot market 24 hours a day.

Binance said it supports fee-free 1:1 conversion between shares and bStocks. The minimum trade amount is $5.

bStocks use the BEP-20 token standard, allowing users to withdraw them to BNB Smart Chain wallets for self-custody. Dividends and stock splits are processed automatically through a multiplier mechanism.