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Phemex integrates Ondo tokenized stocks and ETFs for 10m users.

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Phemex integrates Ondo tokenized stocks and ETFs for 10m users.

Phemex integrates Ondo tokenized equities, giving 10m users onchain access to 14 major stocks and ETFs.

Cryptocurrency exchange Phemex announced the completion of its integration with Ondo Finance’s full suite of tokenized equities, according to a statement released by the company.

The integration provides the platform’s 10 million users access to 14 tokenized traditional assets, including shares of technology companies and exchange-traded funds, the company stated.

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The tokenized equity offerings include shares of NVIDIA, Tesla, Apple, and Amazon, as well as the Nasdaq 100 ETF and the SPDR S&P 500 ETF, according to the announcement.

The platform describes the integration as part of its expansion into real-world asset (RWA) tokenization, allowing users to access traditional financial instruments through blockchain technology while maintaining digital asset liquidity.

Phemex stated the initiative represents part of its strategy to bridge traditional finance and decentralized finance platforms.

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Founded in 2019, Phemex operates as a cryptocurrency exchange offering spot trading, derivatives trading, copy trading, and wealth management products, according to company information. The platform reports serving more than 10 million traders globally.

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Crypto World

Bitcoin Spikes as US Supreme Court Strikes Down Trump Tariffs

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Bitcoin Spikes as US Supreme Court Strikes Down Trump Tariffs

In a landmark 6–3 decision, the Supreme Court of the United States has ruled that President Donald Trump’s sweeping global tariffs were illegal, delivering a sharp blow to one of the White House’s core economic policies.

The decision immediately lifted risk appetite across financial markets — including crypto — though traders remain cautious about what comes next.

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Bitcoin ETFs Near Five-Week Outflow Streak With $404M Outflows

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Bitcoin ETFs Near Five-Week Outflow Streak With $404M Outflows

Selling pressure in US-listed spot Bitcoin ETFs continued Thursday, with analysts noting the cryptocurrency is on track for one of its worst yearly starts.

Spot Bitcoin (BTC) ETFs saw $165.8 million in outflows Thursday, bringing weekly losses to $403.9 million, according to SoSoValue data.

The redemptions moved the funds closer to a possible five-week outflow streak, with year-to-date (YTD) losses totaling $2.7 billion.

Daily flows in US spot Bitcoin ETFs this week. Source: SoSoValue

Trading activity continued to shrink, falling 21% over the week and reaching its lowest levels since late December, signaling weakening investor activity.

Despite $53.9 billion in cumulative net inflows, analysts, including DropsTab, noted that 2026 is shaping up to be “one of the worst yearly starts in Bitcoin’s history,” with BTC prices down about 22% year-to-date, according to TradingView data.

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BlackRock’s IBIT leads losses with $368 million in outflows this week

BlackRock’s iShares Bitcoin Trust ETF (IBIT) accounted for the bulk of outflows this week, totaling $368 million, according to Farside data.

Other US-listed spot Bitcoin ETFs saw little or no activity this week, aside from about $50 million in outflows from the Fidelity Wise Origin Bitcoin Fund (FBTC) on Wednesday.

Daily flows in US spot Bitcoin ETFs by issuer. Source: Farside.co.uk

Some major financial institutions reported reducing IBIT exposure earlier this week, with Brevan Howard cutting its holding in the fund by as much as 85% in the fourth quarter of 2025.

Bitcoin set for one of its worst yearly starts

The ongoing outflows from Bitcoin ETFs coincide with weakening investor sentiment, as multiple sources point to unusually low BTC price levels compared to previous cycles.

Drops Analytics highlighted Bitcoin’s price in the context of halving — an event that reduces BTC’s block reward once every four years and is typically followed by price surges in the years that follow.

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Analysis, Bitcoin Price, Ethereum ETF, Bitcoin ETF
Source: Drops Analytics

“Almost two years later, BTC trades around $66,000 — nearly the same level as during the April 2024 halving,” Drops Analytics said in a Telegram post on Thursday.

Related: Quantum fears aren’t behind Bitcoin’s 46% drop, says developer

“This has never happened before. In previous cycles, BTC was already three to 10 times above halving levels by now,” it added.

According to Checkonchain data, Bitcoin is off to its worst yearly start on record, 50 days into 2026, surpassing previous down years, including 2018.

Magazine: Did a Hong Kong fund kill Bitcoin? Bithumb’s ‘phantom’ BTC: Asia Express

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