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US spot BTC, ETH and SOL ETFs log strong daily inflows

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Revolut seeks US banking licence to expand services

US spot crypto ETFs saw broad-based inflows across Bitcoin, Ethereum and Solana products.

Summary

  • Ten US spot Bitcoin ETFs added 5,187 BTC, worth about $376m, in a single day.
  • Nine Ethereum ETFs took in 43,282 ETH, totaling roughly $9.18m in new exposure.
  • A Solana ETF absorbed 205,711 SOL, adding about $18.72m as majors rallied.

US-listed spot crypto ETFs recorded another strong session of net inflows, with products tied to Bitcoin (BTC), Ethereum (ETH) and Solana (SOL) all attracting fresh capital. According to ChainCatcher data, ten spot Bitcoin ETFs collectively added 5,187 BTC, equivalent to around $376m at prevailing prices, extending a run of sessions in which new money has outweighed redemptions. The flows signal that institutional allocators and wealth platforms continue to use regulated ETF wrappers to increase or rebalance exposure, even as market volatility and macro uncertainty remain elevated.

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Nine Ethereum funds also saw net buying, pulling in 43,282 ETH, or roughly $9.18m, and reinforcing the notion that demand is broadening beyond the largest asset. A spot Solana vehicle added 205,711 SOL, worth about $18.72m, underlining investor appetite for higher-beta alternatives as part of diversified crypto portfolios. The multi-asset inflows came against a backdrop of rising spot volumes and a rebound in majors, with BTC reclaiming key resistance zones and dragging correlated assets higher.

ETF flows and market structure

The latest data points to an environment where ETF products are increasingly central to price discovery and liquidity, rather than acting solely as passive wrappers. Heavy buying on strong days and more modest outflows during drawdowns suggest that long-only and advisory channels are using ETFs as entry and exit points, impacting underlying spot markets via authorized participants. This dynamic has been particularly visible around BTC where large creations and redemptions have coincided with sharp moves through key technical levels.

For issuers and exchanges, sustained inflows across multiple products strengthen the business case for expanding lineups and deepening secondary-market liquidity. Platforms such as Coinbase have already positioned themselves as core infrastructure for ETF market makers and custodians, while traditional payment networks that resemble Visa are exploring stablecoin and settlement integrations that could sit alongside ETF-based strategies. As regulatory regimes like MiCA advance and more jurisdictions consider spot listings, the US experience with Bitcoin, Ethereum and Solana ETFs will remain a critical reference point for how regulated vehicles can channel institutional demand into the crypto market.

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Crypto World

Stablecoins Do Not Threaten Banking Just Yet: Analyst

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Stablecoins Do Not Threaten Banking Just Yet: Analyst

The impact of stablecoins on the banking sector appears “limited” at the current phase of the adoption cycle, but banks could face increasing competition and an erosion of market share as the stablecoin sector and tokenized real-world assets (RWAs) grow in market capitalization. 

“So far, the use of stablecoins remains limited, but their market capitalization exceeded $300 billion at the end of last year,” Abhi Srivastava, associate vice president of Moody’s Investors Service Digital Economy Group, told Cointelegraph.

The stablecoin market cap has surged past $300 billion. Source: RWA.xyz

The role of stablecoins in payments, cross-border commerce and onchain finance is “expanding,” despite their currently limited role, Srivastava said, adding that existing payment systems in the US are already “fast, low-cost and trusted.” He said:

“For the banking sector, at this stage, disruption risk appears limited. In the near term, US rules that prohibit stablecoins from paying yield mean they are unlikely to replace traditional deposits at scale domestically.”

However, over time, growing adoption of stablecoins and tokenized RWAs, traditional or physical financial assets represented on a blockchain by a token, could place “pressure” on the banking sector, leading to deposit outflows and reduced lending capacity, he said.

Stablecoin regulatory policy has become a hot-button issue among crypto industry executives and those in the banking sector, with fears that yield-bearing stablecoins could erode banking market share proving to be a stumbling block for the CLARITY crypto market structure bill in Congress. 

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Related: Stablecoins behave like FX markets as liquidity splits: Eco CEO

CLARITY Act stalled, as banks fight yield-bearing stablecoins

The Digital Asset Market Clarity Act of 2025, also known as the CLARITY Act, is a comprehensive crypto market regulatory framework that establishes an asset taxonomy, regulatory jurisdiction and oversight over the crypto markets.

The CLARITY crypto market structure bill. Source: US Congress

It is now stalled in Congress after a group of crypto industry companies, led by cryptocurrency exchange Coinbase, publicly stated opposition to earlier drafts of the bill.

A lack of legal protections for open-source software developers and a prohibition on yield-bearing stablecoins were among some of the most contentious issues cited by crypto industry opponents of the legislation.

Several attempts have been made by US lawmakers and the White House to negotiate a bill acceptable to both the crypto industry and the bank lobby.

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Earlier this month, North Carolina Senator Thom Tillis said he plans to release an updated draft bill proposal that would be acceptable to both sides; however, the bill has reportedly received pushback, according to Politico, and has yet to be publicly released. 

However, other crypto industry executives and market analysts have warned that if the CLARITY Act fails to pass, it could open the crypto industry up to future regulatory crackdowns by hostile lawmakers and officials.

Magazine: Stablecoins will see explosive growth in 2025 as world embraces asset class