ibit

According to CoinDesk, data from the cryptocurrency derivatives trading platform Deribit shows that the 30-day implied volatility index (DVOL) for Bitcoin has dropped to 41.5%, far below the peak of 90% in February. Deribit's Chief Commercial Officer Jean-David Péquignot stated that the current Bitcoin volatility is low compared to historical levels, indicating that traders have lowered their expectations for significant price fluctuations, making the cost of purchasing options cheaper.Additionally, this Friday, the cryptocurrency market will see the quarterly options expiration worth $10.5 billion. Data shows that the current volatility of call options is significantly lower than that of put options, making call spreads more attractive based on relative volatility. Péquignot further noted that recent sell-offs in tech stocks and macro factors such as the U.S. core PCE inflation data set to be released on Thursday may further increase market volatility in the short term.

On the evening of June 22, the U.S. Senate passed the "21st Century Housing Road Act" with an overwhelming vote of 85-5. The bill has now been sent to the House of Representatives, where it is expected to pass quickly and be signed into law by President Trump. The central bank digital currency (CBDC) ban has become a key additional clause in the bill, which will prohibit the Federal Reserve from issuing central bank digital currencies (CBDC) or any substantially similar digital assets before the end of 2030, even if issued indirectly through financial institutions. The bill also explicitly exempts private stablecoins (such as USDC, USDT).

According to SoSoValue data, yesterday (Eastern Time June 18) the total net outflow of Bitcoin spot ETFs was $90.6566 million.The Bitcoin spot ETF with the highest net inflow yesterday was the Morgan Stanley ETF MSBT, with a net inflow of $10.4337 million. Currently, the historical total net inflow of MSBT has reached $301 million. The Bitcoin spot ETF with the highest net outflow yesterday was the Blackrock ETF IBIT, with a net outflow of $96.6552 million. Currently, the historical total net inflow of IBIT has reached $62.07 billion.As of the time of writing, the total net asset value of Bitcoin spot ETFs is $78.325 billion, and the ETF net asset ratio (the market value compared to the total market value of Bitcoin) is 6.19%. The historical cumulative net inflow has reached $53.398 billion.

According to The Block, leaders of the U.S. Senate and House of Representatives jointly released an updated version of the "21st Century Housing Road Act," confirming that the two chambers have reached a bipartisan agreement. The core content of the bill focuses on housing affordability reform, including expanding housing supply and limiting market monopolies by corporate landlords. Notably, an additional clause in the bill explicitly prohibits the Federal Reserve from issuing or creating CBDCs and any "substantially similar" digital assets before December 31, 2030, a clause driven by House Republicans. The Trump administration has consistently held this position, with Treasury Secretary Mnuchin previously stating that CBDCs are "not under consideration." The bill will first undergo procedural voting in the Senate and is expected to be submitted to the House for review after Congress reconvenes, and then sent to the President for signing.

According to SoSoValue data, yesterday (Eastern Time June 16), the total net inflow of Bitcoin spot ETFs was $10.0643 million. The Bitcoin spot ETF with the highest single-day net inflow yesterday was Blackrock ETF IBIT, with a single-day net inflow of $16.3526 million, and the historical total net inflow of IBIT has reached $6.2197 billion.The second was Grayscale Bitcoin Trust ETF BTC, with a single-day net inflow of $4.3529 million, and the historical total net inflow of BTC has reached $2.313 billion. The Bitcoin spot ETF with the highest single-day net outflow yesterday was Grayscale ETF GBTC, with a single-day net outflow of $16.8051 million, and the historical total net outflow of GBTC has reached $26.992 billion.As of the time of publication, the total net asset value of Bitcoin spot ETFs is $82.062 billion, and the ETF net asset ratio (market value compared to total Bitcoin market value) is 6.22%, with a historical cumulative net inflow of $53.571 billion.

Humanity released an independent investigation report by Quantstamp, which disclosed that in the H token security incident, the attacker used tools and methods characteristic of North Korean hackers, disguising themselves as communication from the Bithumb exchange through phishing emails, inducing project directors to click on malicious attachments, thereby deploying a remote control Trojan on their devices, ultimately gaining full desktop control and wallet private keys. Subsequently, on Ethereum and BNB Chain, they launched on-chain attacks: on the Ethereum side, by stealing keys to upgrade contracts and transferring approximately 141.18 million H tokens, and on the BSC side, by taking over the ProxyAdmin contract and minting new tokens. The stolen assets were then continuously sold on Uniswap and PancakeSwap for about 8 hours, causing significant impact on liquidity and market prices.Currently, the H token contract on the Ethereum side has been frozen, the mainnet bridge remains unaffected, but the BSC deployment has been controlled by the attacker and still has minting permissions. The team is working with exchanges and security parties to advance subsequent disposal and recovery plans, while reminding users to be wary of false "compensation/claim" links, and stated that further progress will be announced through official channels.Previously, the Humanity Protocol was attacked, resulting in the leak of a private key from a member of the Humanity Foundation, leading to over 31 million dollars in funds being stolen.

According to SoSoValue data, the total net outflow of Bitcoin spot ETFs is $91.3736 million. The Bitcoin spot ETF with the highest single-day net inflow yesterday was the ETF ARKB from Ark Invest and 21Shares, with a single-day net inflow of $63.1412 million, bringing ARKB's total historical net inflow to $1.271 billion. The second highest was the Fidelity ETF FBTC, with a single-day net inflow of $59.3749 million, and FBTC's total historical net inflow currently stands at $10.452 billion.The Bitcoin spot ETF with the highest single-day net outflow yesterday was the Blackrock ETF IBIT, with a single-day net outflow of $233 million, and IBIT's total historical net inflow currently stands at $62.237 billion. As of the time of publication, the total net asset value of Bitcoin spot ETFs is $79.633 billion, with an ETF net asset ratio (market value compared to total Bitcoin market value) of 6.26%, and the historical cumulative net inflow has reached $53.849 billion.

According to monitoring by Catcher Predict, in the predicted market event "LoL: Anyone's Legend vs. LGD Gaming - LPL Playoffs" on Polymarket, the "Yes" option win rate for the sub-market "Both sides destroy inhibitors" has experienced a dramatic fluctuation, soaring from 50% an hour ago to the current 90% (a fluctuation of 40%). Please note the impact of relevant breaking news.

According to Bloomberg, informed sources say that underwriters for SpaceX's approximately $75 billion initial public offering (IPO) have been told not to accept subscription orders from investors in mainland China and Hong Kong, due to U.S. restrictions on the export of critical technologies. The lead underwriter for the transaction has further notified other banks in the underwriting syndicate that clients from mainland China and Hong Kong, including private banking clients, are not allowed to participate in placing orders.The report states that this move is primarily due to regulatory and compliance risk considerations, and the related arrangements have not been publicly disclosed.

The General Office of the State Council has released guiding opinions on strengthening regulation, preventing risks, and promoting the high-quality development of private equity investment funds. The opinions mention adhering to goal-oriented and problem-oriented approaches, addressing issues such as the need to improve the access mechanism for the private equity fund industry, inadequate regulation, incomplete systems, insufficient coordination and cooperation among ministries, central and local governments, the failure to implement the responsibilities of some government investment funds and state-owned enterprise investment fund contributors, and the use of some private equity funds as tools for illegal activities, new forms of corruption, and hidden corruption. A system and long-term mechanism for strengthening regulation and preventing risks will be established to promote the development of the industry in a standardized manner and enhance it during development.Uphold functional positioning, coordinate the overall layout, optimize increments, revitalize existing resources, support the excellent and limit the inferior, improve quality and efficiency, and strictly prohibit private equity funds from engaging in illegal activities such as lending and disguised debt. Adhere to classified regulation, implementing "one policy for one category" regulation based on different dimensions such as contributor entities and product types. Insist on regulating both legal and illegal entities, with strict regulation for legal institutions, resolute prohibition of illegal institutions, and severe crackdowns on illegal activities.Promote the revision of the Securities Investment Fund Law. Push for the issuance of judicial documents related to criminal cases involving private equity funds. Formulate regulations for the supervision of private equity fund managers, information disclosure, fundraising, and mandatory custody rules. Introduce standardized arrangements for private equity fund betting agreements. Fully establish a regulatory system for private equity funds that is primarily based on administrative regulation and supplemented by self-regulation.

According to CoinDesk, Deribit Chief Commercial Officer Jean-David Péquignot stated that $60,000 is a key structural threshold for Bitcoin. Over the past year, a large amount of institutional funds (including ETF buyers, large holders, and short-term speculators) have bought Bitcoin in the $60,000 to $67,000 range. If the price continues to decline, unrealized losses will increase, and holding costs will rise, especially against the backdrop of rising AI stocks, which may prompt panic selling among investors. The open interest of put options with a strike price of $60,000 on Deribit has a notional value of over $1.2 billion.As Bitcoin approaches $60,000, market makers face Gamma risk from shorting put options and will be forced to sell spot or futures to balance their books, accelerating the decline. In addition, there is still excessive leveraged long positions in the system, and a drop below $60,000 could trigger more liquidations, creating a chain reaction.

Bloomberg Senior ETF Analyst Eric Balchunas posted on the X platform that Bitcoin's volatility and correlation are increasingly approaching gold levels. This trend is significantly underestimated in the current market adjustment and may be a positive signal amid recent market turbulence.According to the 60-day historical volatility comparison data between IBIT and the Gold ETF (GLD) since its launch, it can be seen that Bitcoin's volatility structure is gradually aligning with gold, indicating that its asset characteristics may be changing.Eric Balchunas added that despite the highly volatile market environment, the BlackRock Bitcoin Spot ETF (IBIT) has continued to outperform U.S. stocks since the escalation of the Iran conflict, achieving more than double the excess returns compared to the S&P 500 ETF (SPY) since the approval of the BlackRock ETF.

According to Cointelegraph, the Texas Comptroller's Office has released a request for proposals, planning to transfer its $10 million strategic Bitcoin reserve from the BlackRock-owned IBIT spot ETF to directly held Bitcoin. The winning bidder must complete the transition of the IBIT holdings to directly held Bitcoin within 60 days after the contract is executed and will be responsible for purchasing, holding, managing, and reporting the state's Bitcoin and other eligible cryptocurrency assets, while also establishing a public website to disclose the reserve holdings.In addition, the Texas Strategic Bitcoin Reserve Advisory Committee has been officially formed to provide recommendations on custody arrangements, risk management, and investment strategies.

The cryptocurrency market saw a significant decline on Thursday morning, with Bitcoin dropping below $73,000. This round of decline was accompanied by the largest single-day net outflow from the U.S. spot Bitcoin ETF since late January. Nick Ruck, director of LVRG Research, stated that this sharp drop reflects a risk-averse sentiment as profit-taking occurs after recent highs, and is also influenced by rising U.S. Treasury yields and macro caution stemming from geopolitical news.Analysts added that the market decline is primarily due to funds rotating into traditional financial stocks, and once key price levels are breached, a large amount of derivatives liquidation further depressed prices. Data shows that the U.S. spot Bitcoin ETF recorded a total net outflow of $733.4 million on Wednesday, marking the largest single-day outflow since January 29. Among them, BlackRock's IBIT saw a net outflow of $527.8 million, setting a record for the largest single-day outflow since the fund's inception. Additionally, other ETFs like Grayscale's GBTC also experienced negative outflows. Only Morgan Stanley's MSBT recorded a net inflow of $4.3 million.Analysts believe that the outflow of funds is due to basis trade liquidations and institutional de-risking operations, while IBIT's record outflow was influenced by large trades the previous day. Peter Chung, head of research at Presto Research, pointed out that Bitcoin has exhibited a "unique trading pattern" since mid-May, continuing to decline over the past two weeks and underperforming risk assets like the S&P 500 and Nasdaq, primarily driven by outflows from the spot Bitcoin ETF.Analysts are closely monitoring ETF fund flow trends and Bitcoin's support level around $70,000, warning that ongoing fund outflows may indicate that institutions are further adjusting their cryptocurrency asset allocations. On a macro level, Asian stock markets opened lower on Thursday, with the Hong Kong Hang Seng Index and Japan's Nikkei 225 both declining, due to renewed strikes by the U.S. against Iran amid a fragile ceasefire agreement.

An unknown trader sold approximately $1.3 billion worth of BlackRock's Bitcoin spot ETF IBIT in the dark pool market on Tuesday, attracting market attention. Data shows that the trader sold 29,200,000 shares of IBIT around 14:30 UTC at a price of $43.16. As a result, the price of Bitcoin dropped from $77,875 to $76,720 within 10 minutes, a decline of about 1.5%, and then further fell to around $75,600.Alex Thorn, head of research at Galaxy Digital, stated that this was the largest IBIT dark pool trade he had ever seen. Bloomberg ETF analyst Eric Balchunas noted that this trade was more than 22 times larger than the second-largest IBIT sell order of the day. Additionally, U.S. Bitcoin spot ETFs have seen net outflows for eight consecutive trading days. On Tuesday alone, the net outflow was approximately $333.6 million, with IBIT accounting for about $192.4 million. Since May 14, the cumulative net outflow from Bitcoin ETFs has exceeded $2 billion. Reports indicate that Jane Street reduced its Bitcoin ETF holdings by about 70% in the first quarter of this year, while Goldman Sachs also cut its related positions by about 10%.

According to BBX data, corporate Bitcoin reserves are under pressure, intertwined with the continuous outflow of ETF funds, leading to an overall cautious sentiment in crypto concept stocks. The core dynamics are as follows:Trump Media & Technology Group, Corp. (NASDAQ: $DJT) transferred 2,650 BTC (approximately $205 million) to a Crypto.com exchange address on May 22. The company's official statement described this as a "transfer rather than a sale," part of an expanded trading strategy, but the actual disposal method remains to be confirmed as of the report deadline. On-chain data shows that the funds have arrived at the Crypto.com exchange address. Previously, the company transferred 2,000 BTC (approximately $175 million) to Crypto.com about four months ago. The Q1 2026 financial report (May 9, CoinDesk) indicates that as of March 31, the company held 9,542.16 BTC (with a fair value of $647.1 million, and a purchase cost of approximately $1.13 billion); after this transfer of 2,650 BTC, Arkham's on-chain estimate of the remaining holdings is about 6,889 BTC (approximately $532 million). The Q1 financial report also disclosed a net loss of $405.9 million (compared to a loss of $31.7 million in the same period last year) and revenue of only $871,200. The company originally purchased 11,542 BTC at an average price of about $118,522, with a total purchase cost of approximately $1.37 billion, and the current holdings are still significantly discounted compared to the cost; during the same period, the company withdrew its ETF applications for Bitcoin, Ethereum, and Solana from Truth Social.The U.S. Bitcoin spot ETF recorded over $2.26 billion in net outflows in the two weeks ending May 23, ending a streak of seven consecutive weeks of net inflows. During this period, Bitcoin fell from about $82,500 (the recent high on May 6) to $74,305 (on May 23), a decline of about 10%, marking the lowest point since April 20. The iShares Bitcoin Trust (NASDAQ: $IBIT) under BlackRock, Inc. (NYSE: $BLK) has seen its holdings decrease from a peak of about 812,000 BTC to about 800,000 BTC, still accounting for approximately 62% of total assets in U.S. Bitcoin spot ETFs. CoinDesk analysts attribute this round of outflows to high U.S. Treasury yields (with the 10-year yield touching 5.01%) and systemic deleveraging driven by geopolitical pressures, rather than a weakening belief in Bitcoin's long-term logic.

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