TLDR

• ARK Invest divested $26.65M worth of Robinhood stock following the company’s workforce reduction announcement that drove share prices higher
• Approximately $77M in Roku holdings were liquidated across ARK’s funds after Fox’s $22B buyout deal was announced at $160/share
• ARK purchased $46.18M in Eli Lilly stock during a price dip, capitalizing on the company’s 4E Therapeutics acquisition
• Coinbase saw $18.92M in fresh ARK investment as the platform expands into tokenized equities and AI-powered investment products
• ARK Innovation ETF maintains Tesla as its top allocation at 9.50%, while SpaceX has entered the fund’s top five positions

On June 18, Cathie Wood’s ARK Invest executed significant portfolio adjustments, offloading between $60 million and $77 million in Robinhood and Roku stock while simultaneously establishing positions in Eli Lilly, Coinbase, and additional growth-oriented companies.

The strategic repositioning occurred as both exited stocks experienced rally momentum tied to specific corporate developments, creating an opportune moment for ARK to realize profits.

Through its ARK Innovation ETF, the firm liquidated 275,572 Robinhood shares valued at approximately $26.65 million. This divestment followed Robinhood’s disclosure of plans to eliminate roughly 10% of its permanent staff—approximately 290 positions—as part of CEO Vlad Tenev’s efficiency initiative. The restructuring announcement propelled the stock higher and prompted several analysts to revise their price targets upward.

Robinhood Markets, Inc., HOOD

Regarding Roku, ARK disposed of between 239,267 and 561,800 shares distributed across ARKK, ARKW, and ARKF, representing $33 million to $77.57 million in total value depending on specific fund allocations. These sales transpired immediately after Fox’s announcement of its $22 billion acquisition agreement at $160 per share, which drove Roku’s trading price toward that threshold. With a definitive buyout price established, the stock’s potential for additional appreciation became severely limited.

Capital Redeployment Focuses on Eli Lilly and Coinbase

ARK channeled the liquidated capital into positions where the firm identifies emerging growth catalysts.

Eli Lilly represented the most substantial acquisition. ARK accumulated 41,138 shares via its ARK Genomic Revolution ETF, deploying approximately $46.18 million into the pharmaceutical giant during a price correction. Lilly recently completed its acquisition of 4E Therapeutics, a neuroscience-focused firm developing non-opioid chronic pain therapies. This transaction expands Lilly’s development pipeline beyond its established obesity and diabetes pharmaceutical franchises.

Coinbase emerged as the second-largest purchase. ARK acquired 111,799 shares distributed across several funds, totaling roughly $18.92 million. Coinbase has been introducing tokenized U.S. equity products for international clients alongside AI-powered investment platforms, transitioning from a pure cryptocurrency exchange toward a comprehensive financial services provider.

ARK additionally invested $17.68 million in Block shares while establishing smaller positions in biotechnology companies.

SpaceX Secures Position Among Top Five Holdings

This portfolio realignment occurred within a broader strategic context. Earlier during the same week, ARK established a substantial post-IPO stake in SpaceX, purchasing nearly 3.3 million shares valued at approximately $531 million by the conclusion of the initial trading session.

Concurrently, Tesla CEO Elon Musk executed stock options in a transaction disclosed through SEC filings, acquiring approximately 303.96 million shares at a $23.34 strike price while relinquishing around 17.53 million shares to satisfy a $7.09 billion tax obligation. Musk’s current holdings total approximately 699.58 million shares, constituting a 19.9% voting interest in Tesla.

Tesla maintains its position as ARK Innovation ETF’s largest allocation at 9.50%. Robinhood ranks second at 4.93%, with CRISPR Therapeutics at 4.87%, Tempus AI at 4.83%, and SpaceX at 4.71% rounding out the top five.

These recent transactions indicate ARK is reallocating capital from equities where immediate catalysts have materialized toward companies positioned for upcoming developments.

Key Takeaways

• BitMEX co-founder Arthur Hayes offloaded 6,000 ETH at approximately $1,690, realizing a loss of around $606,000 after purchasing at roughly $1,793 per token
• Hayes had recently acquired about $10.6 million in ETH before executing the loss-making sale
• During the identical timeframe, K3 Capital and a wallet associated with Chun Wang purchased more than 17,000 ETH collectively
• ETH currently hovers around $1,700, approaching the 78.6% Fibonacci retracement support threshold
• Momentum indicators like RSI and MACD continue showing bearish signals, while significant liquidity sits clustered around $1,800

Arthur Hayes, the co-founder of BitMEX, recently liquidated 6,000 Ethereum tokens at a significant loss, while contrasting whale activity shows major players adding to positions around critical support levels.

Data from Lookonchain, a blockchain analytics service, reveals that Hayes built up a position of approximately 5,900 ETH in recent trading sessions. His average entry price stood at $1,793 per coin, representing a total investment of about $10.58 million.

The crypto veteran subsequently liquidated 6,000 ETH at a mean price of $1,690, generating proceeds of approximately $10.14 million. This transaction resulted in an estimated deficit of roughly $606,000.

The decision stands out as atypical behavior for Hayes. His trading history typically demonstrates a pattern of acquiring digital assets during price weakness and exiting during strength. This loss-taking maneuver has sparked discussion among market participants monitoring his blockchain transactions.

Institutional Accumulation Contrasts Hayes’ Exit Strategy

While Hayes was reducing exposure, other significant market participants were moving in the opposite direction. On-chain intelligence from Lookonchain indicates substantial accumulation occurred at similar price points.

K3 Capital, an investment entity, transferred 10,000 ETH tokens valued at roughly $16.9 million off the Binance exchange. Separately, a cryptocurrency address tied to business figure Chun Wang acquired 7,650 ETH for approximately $12.9 million.

Combined, these two transactions represent accumulation exceeding 17,000 ETH, suggesting certain institutional players view present valuation levels as attractive entry points.

This activity follows an earlier transfer where a Hayes-connected wallet received 3,000 ETH worth approximately $5.42 million from liquidity provider Flowdesk on June 15, coinciding with a temporary market bounce linked to de-escalation in Middle Eastern geopolitical tensions.

Technical Analysis of Ethereum’s Current Position

Ethereum was changing hands near $1,700 during recent trading, representing a substantial decline from its April high above $2,400 and positioned above its June bottom around $1,507.

Chart analysis reveals ETH is currently testing the 78.6% Fibonacci retracement zone near $1,703. Technical analysts frequently monitor this level as a potential area for trend reversal following significant downward moves.

The daily Relative Strength Index continues trading beneath the neutral 50 threshold, while the MACD histogram remains in negative territory. These indicators collectively suggest bearish momentum persists in the near term.

Critical Price Zones for Traders

Liquidation mapping from CoinGlass reveals substantial order book depth concentrated between $1,780 and $1,820, with particularly dense clustering around the psychological $1,800 level.

Market analyst Team LAMBO highlighted on June 19 that Ethereum has established a defined trading corridor bounded by approximately $1,500 on the downside and $1,800 on the upside. A decisive breach of either boundary could determine the asset’s next directional move.

Examining the 4-hour timeframe, ETH continues trading beneath a downward-sloping trendline that has capped rallies since early May. The Supertrend technical tool maintains a bearish configuration.

A sustained move above the $1,780-$1,800 resistance band could pave the way toward the $1,856 level. Conversely, if the $1,700 support zone fails to hold, traders will likely focus on $1,620 as the next support target, followed by the June low near $1,507.

Hayes has also recently divested holdings in Worldcoin, Hyperliquid, and NEAR Protocol tokens, reinforcing perceptions of a more defensive approach to his overall cryptocurrency portfolio positioning.

Bitcoin miners have long been treated as high-beta exposure to BTC’s price cycle, but the operating model is shifting. With margin pressure squeezing traditional mining economics and the demand for AI compute steadily rising, major miners and infrastructure players are increasingly looking at power, data center capacity, and machine-hosting as their primary differentiators.

That broader pivot received fresh reinforcement this week after reporting that Nvidia was preparing a roughly $20 billion bond sale to fund the next phase of its AI expansion—underscoring how long-term capital spending in AI infrastructure is shaping adjacent parts of the crypto ecosystem.

Key takeaways

• Bloomberg reports Nvidia is seeking to raise $20 billion via a multi-part bond offering tied to AI investment plans, highlighting sustained AI infrastructure spending.
• As mining margins tighten, Bitcoin miners are increasingly positioning their power and data center assets for AI hosting and high-performance computing rather than only hash-rate competition.
• Tokenized real-world assets continue to grow: Token Terminal data shows onchain financial assets have surpassed $43 billion, up 37% over six months.
• Ripple is expanding payments in Africa through an investment in Flutterwave, bringing its RLUSD stablecoin and XRP Ledger infrastructure closer to a cross-border remittance hub.
• Sam Bankman-Fried’s bid to overturn his FTX fraud conviction failed, with an appeals panel in Manhattan upholding the verdict.

Nvidia’s $20 billion bond plan signals the next AI buildout era

According to Bloomberg, Nvidia is pursuing a multi-part bond issuance intended to fund AI-related investments and refinance existing debt. The report also notes that the longest-dated bonds are expected to carry meaningfully higher yields than comparable US Treasuries.

While the bond sale itself is an equity-free financing event for a chipmaker, its relevance to crypto infrastructure is indirect but important: it reinforces that the AI buildout is not a short-term fad. For miners, the implication is that power availability and data center throughput may become more valuable than pure hash rate when AI workloads and hosting demand are sustained.

Many mining operators are already exploring that direction. Cointelegraph previously highlighted how some companies are repurposing energy-intensive infrastructure for AI and high-performance computing hosting as mining economics face ongoing headwinds (see crypto mining’s AI/data center infrastructure shift).

In that context, operators including HIVE Digital, Hut 8, CleanSpark, and TeraWulf are increasingly described as moving toward roles that resemble data center operators—leveraging their existing power relationships and site footprints to serve compute-hungry customers.

Tokenized real-world assets keep expanding despite broader crypto weakness

The tokenized real-world asset (RWA) sector is showing resilience even as the broader crypto market faces periodic downturns. Token Terminal data cited by Cointelegraph indicates that total value across onchain financial assets has surpassed $43 billion, up 37% over the past six months.

Tokenized funds make up the bulk of the category—nearly 80% of onchain financial assets—though commodities and tokenized stocks are gaining attention as additional use cases develop.

The trend matters for traders and builders because tokenized RWAs represent a different adoption pathway than speculative crypto trading. Instead of relying on market cycles alone, the sector’s growth is tied to institutional infrastructure, distribution, and compliance frameworks—often with longer-term capital planning.

Two major bank-style projections highlighted in the reporting also illustrate the scale investors believe could be possible: Standard Chartered forecasts that tokenization could help drive decentralized finance toward a $2.7 trillion market capitalization by 2030, while Citigroup projects tokenized RWAs could reach $5.5 trillion by the same point.

Ripple pushes deeper into African payments via Flutterwave investment

Ripple has invested in Flutterwave, one of Africa’s fastest-growing remittance and payments companies, in a deal valued at $3.3 billion. The investment amount was not disclosed, but Cointelegraph reports that it connects Ripple’s RLUSD stablecoin, Ripple Payments platform, and XRP Ledger infrastructure with a payments provider operating across 35 countries.

The move aligns with a broader theme in cross-border finance: demand for faster and lower-cost transfers continues to rise as businesses and individuals look for alternatives to traditional remittance rails. By integrating into one of Africa’s major payment networks, Ripple is effectively betting that stablecoin-enabled settlement and ledger-based infrastructure will gain traction where payment friction has historically been higher.

Cointelegraph notes that the investment is also part of Ripple’s continuing expansion on the continent. Earlier, the company partnered with South Africa’s Absa Bank to provide institutional digital asset custody solutions, strengthening its presence in local financial infrastructure.

Court outcome: Sam Bankman-Fried’s conviction stands

In legal news with ongoing implications for the crypto industry’s regulatory trajectory, former FTX CEO Sam Bankman-Fried failed to overturn his fraud conviction. A three-judge appeals panel in Manhattan upheld the verdict, concluding that he received a fair trial.

As quoted in the reporting, Circuit Judge Barrington Parker wrote that while Bankman-Fried was publicly reassuring customers, investors, and regulators that FTX customer funds were safe, he was also using FTX as a personal source of funds—spending customer money on real estate, political contributions, and investments.

Bankman-Fried was convicted on fraud and conspiracy charges tied to FTX’s collapse and sentenced to 25 years in prison in 2024. Cointelegraph also points out that he formally applied for a presidential pardon, with the request appearing on the Pardon Attorney website in early June.

For market participants, the practical takeaway is that the case remains an enforcement reference point. Appeals outcomes shape how regulators, courts, and legal teams evaluate fraud, custody, and customer-protection frameworks across the sector.

What to watch next

Miners will be watching whether AI compute demand translates into durable hosting contracts and stable power-utilization economics, while tokenized assets investors will look for continued growth in onchain financial asset totals and broader institutional participation. On the legal front, further filings tied to Bankman-Fried’s pardon process could keep FTX’s compliance lessons in the spotlight.

Key Takeaways

• XRP hovers around $1.13–$1.14, declining approximately 1.27% in recent trading
• Large holders distributed more than 30 million XRP between June 13–17, 2026
• Collapsed US-Iran diplomatic discussions amplified market jitters
• Analysis of moving averages reveals 14 bearish signals with no bullish indicators
• Despite tokenomics concerns, ETF capital flows and corporate partnerships provide modest tailwinds

XRP faces mounting headwinds as a combination of geopolitical instability and significant whale activity drags down its market value.

The cryptocurrency currently changes hands near $1.13, marking a decline of roughly 1.27% in the most recent trading period. This places the token significantly beneath its recent peaks, with its 52-week trading band stretching from $1.05 to $3.65.

Blockchain analytics from Santiment reveal that whale wallets reduced their collective holdings from about 3.82 billion XRP down to 3.77 billion XRP during the four-day window from June 13 through June 17. This exodus exceeds 30 million tokens.

Cryptocurrency analyst Ali Martinez highlighted this shift on X, emphasizing the change in large holder positioning. Such whale movements frequently serve as advance indicators of near-term selling pressure, as substantial token transfers to trading platforms can inflate available supply.

Middle East Diplomatic Breakdown Fuels Broader Uncertainty

Scheduled diplomatic discussions between the United States and Iran, set for June 19 in Switzerland, were abruptly cancelled following Israeli military actions in southern Lebanon. Iran withdrew from the negotiations, which formed part of wider regional de-escalation initiatives.

The cancellation emerged during a US trading holiday, restricting immediate responses in stock and commodity markets. Nevertheless, derivatives traders started factoring in elevated volatility expectations for upcoming sessions.

Market observer Sjuul from AltCryptoGems noted on X that XRP finds itself “again in trouble,” highlighting how the previous $1.30 support threshold has now transformed into a resistance barrier. He cautioned that failure to maintain the $1.00 floor could lead to “even more ugly” outcomes.

While XRP’s valuation doesn’t directly mirror geopolitical developments, widespread risk aversion typically drains capital from cryptocurrency markets.

Chart Analysis Points to Continued Weakness

The technical landscape for XRP appears decidedly negative. Assessment of moving averages across multiple timeframes generates 14 sell recommendations and zero buy suggestions.

XRP trades beneath its 10 EMA ($1.167), 50 EMA ($1.267), 100 MA (approximately $1.36), and 200 MA (around $1.57). The Relative Strength Index registers 38.79, nearing oversold conditions without quite reaching that threshold.

Critical support zones emerge at $1.12 and $1.09. Overhead resistance appears at $1.49 and $1.66. Penetration below the $1.10 mark could trigger accelerated selling.

The MACD displays a modest bullish reading at -0.039, while momentum gauges show slight positive divergence. These factors hint at potential stabilization, though no definitive turnaround has materialized.

Supply Dynamics and Corporate Integration

Separate research questions XRP’s fundamental valuation metrics. The XRP Ledger eliminates merely 0.00001 XRP per transaction. Given approximately 1–2 million daily transactions, only 295 XRP were destroyed on June 14. Set against a circulating supply of 62 billion tokens, this reduction appears negligible.

Conversely, spot XRP exchange-traded funds have accumulated over $1.4 billion in net capital inflows since their late 2025 debut. Tokenized asset value on the XRPL has expanded from $128 million to $368 million within twelve months. Major financial institutions including Aviva Investors, Societe Generale, and Deutsche Bank have incorporated Ripple’s technology throughout 2026.

Analyst EGRAG CRYPTO has identified a larger ascending triangle formation on the 2-month timeframe, proposing that current conditions might represent an E-wave macro bottom corresponding with a 425-day cycle. Validation would necessitate recapturing the $2.00–$2.10 resistance area.

XRP spot valuation at publication: approximately $1.14.

Binance founder Changpeng Zhao has proposed freezing up to 1 million Bitcoin linked to Satoshi Nakamoto if those coins remain unmoved after a future transition to quantum-resistant cryptography.

Speaking during a June 18 appearance on the Galaxy Brains podcast hosted by Galaxy Research President Alex Thorn, Zhao said quantum computing does not pose an insurmountable threat to Bitcoin because quantum-resistant cryptographic systems already exist.

Zhao argued that the more difficult task would be coordinating a network-wide migration to those technologies if quantum computers eventually become capable of breaking Bitcoin’s current security model.

Speaking about Bitcoin addresses that have remained inactive for years, including those widely believed to belong to Satoshi Nakamoto, Zhao said the network should establish a migration period of roughly six to twelve months after any future upgrade to quantum-resistant cryptography.

Under his proposal, holders would be given time to move their coins to protected addresses before legacy addresses are retired.

If no movement occurs during that period, Zhao suggested the remaining Bitcoin should be frozen under the new protocol. He argued that allowing vulnerable addresses to remain active indefinitely could eventually result in quantum-capable attackers gaining access to coins whose owners are no longer participating in the network.

According to Zhao, such an outcome would create an unfair method of redistributing Bitcoin because ownership would effectively transfer to whoever first develops the ability to crack those addresses. He emphasized that the decision should not be his to make and said any change would need support from the Bitcoin community through consensus-driven processes.

Bitcoin developers remain divided over legacy coins

Zhao’s remarks arrive as Bitcoin developers, researchers, and advocates continue debating how the network should handle coins secured by older cryptographic standards.

According to a June report published by Coinbase’s advisory board, Bitcoin should begin preparing a migration path to post-quantum cryptography before quantum computers become a realistic threat.

The report, which includes contributions from Ethereum Foundation researcher Justin Drake, states that quantum computers do not currently endanger Bitcoin but argues that planning ahead could reduce future disruption.

The report outlines one proposal that would establish a deadline for migrating coins protected by existing ECDSA and Schnorr signatures. Supporters cited in the report argue that freezing unmigrated coins could prevent future attackers from obtaining large amounts of Bitcoin and potentially affect market stability.

Critics cited in the same report take the opposite position. According to Coinbase’s advisory board, opponents argue that making dormant coins unspendable would amount to confiscating private property and would conflict with Bitcoin’s principles of immutability and user control.

Property rights concerns shape the debate

Among the most vocal critics of freezing dormant Bitcoin is Galaxy Digital’s Alex Thorn.

As crypto.news reported in May, Thorn said many Bitcoin developers and advocates believe Satoshi’s coins should remain untouched regardless of future technological developments. Thorn argued that the issue extends beyond technical security because changing ownership rights could weaken Bitcoin’s credibility as a neutral monetary system.

Discussing the risk posed by Satoshi’s holdings, Thorn noted that the estimated stash is distributed across roughly 22,000 addresses, many of which contain around 50 BTC. According to Thorn, that structure makes a large-scale quantum attack more difficult than some observers assume.

Thorn also warned that any attempt to override ownership rights could face resistance from Bitcoin users. He said some members of the community may prefer enduring a severe market decline rather than approving protocol changes that alter control over long-dormant wallets, including those associated with Bitcoin’s creator.

Key Takeaways

• Andre Cronje, along with Michael Kong and David Richardson, has departed from Sonic Labs’ board of directors.
• Since its debut in January 2025, the S token has plummeted approximately 97%.
• The token currently trades around $0.029, reflecting a 5% decline over the last day.
• Matt Visser assumes the role of CEO while Kosta Kourkoumelis becomes COO at Sonic Labs.
• Chart analysis reveals bearish signals with RSI at 34 and negative MACD readings.

Sonic Labs is undergoing significant organizational changes as its native token experiences continued decline. The company announced the departure of Andre Cronje, its previous chief technology officer, alongside two other key executives from the board.

Michael Kong, who previously served as CEO of Fantom Foundation, and David Richardson, the executive chairman, have both stepped down. According to Sonic Labs, this represents a structured leadership transition.

The organization has promoted Matt Visser to the position of chief executive officer, with Kosta Kourkoumelis assuming responsibilities as chief operating officer. The departing executives will no longer participate in strategic business decisions moving forward.

In a public response to community concerns, Cronje clarified his role and responsibilities within the project. He emphasized his commitment to the technical aspects while distancing himself from certain controversial decisions.

“I stand behind the technology and technical decisions I led. I was not the author or decision owner of the migration, airdrop, tokenomics, or legacy-network decisions described above,” Cronje said.

The company acknowledged the difficult situation transparently, confirming that “the token is down” and recognizing declining community confidence.

Token Value Eroded 97% From Peak

The S token made its market debut in January 2025 during the transition from Fantom to the Sonic network. In the months following launch, it has shed approximately 97% of its initial value.

During the announcement period, S was changing hands near $0.029, representing roughly a 5% decrease in the preceding 24-hour period.

Sonic Labs traces its origins to 2018 when it was established as the Fantom Foundation. The organization underwent rebranding after implementing a substantial network upgrade that transitioned from Fantom Opera to the Sonic layer-1 infrastructure.

According to the platform, Sonic delivers capacity for as many as 10,000 transactions each second with finality achieved in under one second. The project expanded its ecosystem in March 2026 by introducing USSD, a stablecoin pegged to the dollar and collateralized by tokenized United States Treasury instruments.

Technical Analysis Signals

On daily timeframes, the S token descended through the lower boundary of a descending flag formation following intensive selling pressure in June. Price action retreated from approximately $0.049 to beneath $0.03 as bearish momentum intensified.

The Relative Strength Index hovers around 34, positioned below the midpoint of 50, indicating subdued buying pressure. The MACD indicator continues trading in negative territory despite showing signs of a potential bullish crossover.

Immediate price support exists at the recent low around $0.028. The previous flag pattern support level near $0.032 has now transformed into an overhead resistance zone.

As part of its organizational restructuring, Sonic Labs announced intentions to implement enhanced governance transparency measures and establish a specialized risk and compliance oversight committee.

Key Highlights

• Franklin Templeton has submitted SEC applications for two innovative ETFs that convert stock dividends into bitcoin purchases
• The proposed funds are named Franklin US Equity Bitcoin DRIP Index ETF and Franklin US Innovation Bitcoin DRIP Index ETF
• Each fund maintains a 95% U.S. stocks and 5% bitcoin allocation, with dividend proceeds channeled into bitcoin
• Potential launch date set for September 1, 2026, subject to regulatory approval
• This filing comes after BlackRock’s bitcoin-linked product and during a period when bitcoin trades under $62,500

Franklin Templeton has submitted applications to the U.S. Securities and Exchange Commission for two novel exchange-traded funds. These products would convert dividend payments from equities directly into bitcoin holdings.

The asset manager filed registration documents on Thursday for the Franklin US Equity Bitcoin DRIP Index ETF and the Franklin US Innovation Bitcoin DRIP Index ETF.

The investment structure is relatively simple. Each product maintains 95% of assets in U.S. large-capitalization stocks and 5% in bitcoin. Instead of distributing dividends to shareholders as cash payments, these proceeds are automatically deployed to acquire bitcoin exposure.

Bitcoin positions would be established using bitcoin ETPs, futures contracts, options, or alternative instruments. When quarterly rebalancing occurs, bitcoin allocations exceeding 5% would be reduced to 4.5%. Between rebalancing periods, a maximum threshold of 20% applies.

Product Structure and Mechanics

The first product follows the VettaFi US Large-Cap 500 Bitcoin DRIP Index, offering exposure to the broader equity market. The second concentrates on growth-oriented and innovative companies using a corresponding index variation.

As of April 30, the underlying equity index contained approximately 498 securities. These companies ranged from $7.5 billion to $4.9 trillion in market capitalization.

Should the SEC grant approval, trading could commence as soon as September 1, 2026. However, regulatory clearance remains uncertain.

This application represents another step in Franklin Templeton’s expanding cryptocurrency initiatives. The company’s current spot bitcoin ETF, EZBC, reported $358.9 million in net assets with cumulative net inflows totaling $329.6 million as of Thursday.

Expanding Digital Asset Initiatives

Franklin’s cryptocurrency involvement extends well beyond ETF products. In May, the company announced a collaboration with Payward, Kraken’s parent organization, to investigate tokenization of conventional investment vehicles.

More recently this month, Franklin revealed plans to incorporate its BENJI tokenized money market fund into MoonPay Trade. This integration enables institutional clients to exchange between stablecoins such as USDC and USDT and Franklin’s tokenized offering.

These new ETF applications arrive on the heels of BlackRock’s recent introduction of an income-focused ETF designed to allow institutions to capitalize on cryptocurrency market volatility.

The eleven spot bitcoin ETFs operating in the United States have collectively attracted over $53 billion in investor funds since their 2024 debut, based on SoSoValue statistics.

Bitcoin has experienced significant downward pressure lately. After reaching $126,000 in October 2025, the cryptocurrency has declined substantially. At the time of Franklin’s filing, bitcoin was changing hands below $62,500, representing a decline exceeding 2% over the previous 24 hours.

Market analysts identify approximately $59,000 to $60,000 as the critical support zone. A sustained close beneath $61,500 would signal a break in the prevailing trend.

Friday’s U.S. market closure for the Juneteenth holiday could contribute to reduced liquidity and heightened price volatility in the near term.