W3BStation
Markets
BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
07/01/2026

Jul 1: ETH ETFs See $345M Outflows Despite BitMine, Sharplink Treasury Buys

Sharplink Adds $16M in ETH as Price Sinks 68% From Peak · Circle Plunges 17% as Stripe, Coinbase, BlackRock Back Open USD Stable · Bitcoin ETFs Suffer Record $4.5B Outflows in June

Jul 1: ETH ETFs See $345M Outflows Despite BitMine, Sharplink Treasury Buys

Market Snapshot

  • Bitcoin (BTC): $58,538.01 (+0.19% 24h)
  • Ethereum (ETH): $1,570.23 (+1.10% 24h)
  • Solana (SOL): $74.61 (+3.48% 24h)
  • Notable: US spot Bitcoin ETFs recorded $4.5B in net outflows in June, their worst month since launch.

Top Stories

Key Takeaways

  • Major fintech and TradFi firms are uniting to challenge incumbent stablecoins, threatening Circle's dominance.
  • Institutional outflows from both ETH and BTC ETFs signal persistent risk-off sentiment despite selective corporate accumulation.
  • On-chain Ethereum activity and DApp revenues are declining, even as tokenization and staking continue to grow.
  • Treasury strategies diverge: some firms double down on crypto assets as prices fall, while others exit via ETF redemptions.

What to Watch

All eyes are on the rollout of Open USD and whether its consortium model can gain traction against USDC and USDT. Ethereum price action and ETF flows remain key barometers for market sentiment. Upcoming Fed commentary and potential rate moves may further impact risk asset flows, while continued TradFi-crypto convergence could reshape the stablecoin landscape in the second half of 2026.