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$BTC Bitcoin ETF Holdings Drop 23% in Q1 2025, CoinShares Reports. Institutional interest in Bitcoin ETFs has recorded its first quarterly decline since U.S. spot ETFs launched, according to a Q1 2025 report by CoinShares. Holdings managed by institutions fell from $27.4 billion in Q4 2024 to $21.2 billion, reflecting a 23% drop over the period. Key Stats: Q1 2025 Holdings: $21.2 billion Q4 2024 Holdings: $27.4 billion Quarterly Change: -23% BTC Price Drop: -11% QoQ Price Decline — Not Panic Selling — Drove Exposure Down According to CoinShares, the major driver behind the drop in ETF exposure was the 11% decline in Bitcoin’s price, not broad institutional sell-offs. “Valuation was the primary factor, though some trimming of positions did occur,” the report noted. Notably, financial advisers bucked the trend, slightly increasing their Bitcoin ETF allocations during the quarter. Corporate Treasuries Pick Up the Slack While ETF flows were mixed, corporate. Bitcoin adoption surged: Bitcoin held by treasury companies: Over 1.98 million BTC by end of Q1 — an 18.6% increase YTD. Strategy (formerly MicroStrategy) acquired 15,355 BTC on April 28 alone. Strategy has accumulated Bitcoin in 17 of the last 20 weeks, based on data from SaylorTracker. This shift suggests that corporations are leaning into Bitcoin as a long-term treasury asset, diverging from short-term ETF-driven speculation. BlackRock’s IBIT Sees Record Outflows The iShares Bitcoin Trust (IBIT) from BlackRock witnessed its largest single-day outflow on May 30, with $430 million withdrawn — ending a 31-day inflow streak. ETF Flows Remain Volatile Amid Macroeconomic Shifts The broader ETF landscape in early 2025 has been shaped by macro uncertainty. Investor sentiment shifted from risk-on assets like Bitcoin to perceived safer havens, such as U.S. government bonds. But with bond yields rising, cracks may be forming in that narrative. Analysts suggest that Bitcoin’s long-term upside could be fueled by weakening U.S. bond markets, rather than ETF-driven demand alone. Q1 2025 marked a turning point for institutional Bitcoin investment. While ETF holdings declined, it wasn't due to widespread fear or mass exits - but rather a combination of price depreciation and portfolio rebalancing. Meanwhile, corporate accumulation of BTC hints at a longer-term conviction in Bitcoin as a treasury reserve asset

RT @0xMeta_ai: We’re going live in a few hours. But before that… one BIG announcement. We’ve just closed a major partnership with @Degen…

I try not to get political with my account especially as a representative of a major crypto company with a diverse community supporting it. I have my views but I think it’s best to keep them off the timeline to not alienate folks that might feel one way or the other. I just

Bitcoin continues to consolidate near its all-time highs. As market participants remain cautious, fresh accumulation activity is stirring among major wallet clusters. In fact, a new wave of whales – wallets holding at least 1,000 BTC with coins aged under six months – has emerged, and these have been accumulating at an unprecedented rate. According to on-chain data shared by CryptoQuant, the metric “Supply Held by New-Whales” reveals that between March 1 and June 4, 2025, these fresh entrants more than doubled their holdings from approximately 500,000 BTC to 1.1 million BTC. This 600,000 BTC increase, which is worth roughly $63 billion, represented a significant shift in market structure. The cohort’s share of Bitcoin’s total circulating supply surged from 2.5% to 5.6%, effectively removing the equivalent of ten months of mining output from active circulation. Unlike dormant cold wallets, CryptoQuant analyst explained that this indicator specifically tracks new balance-sheet commitments, and hence, offers a clear signal of renewed conviction and fresh capital entering the market. The report interpreted this accumulation as a potential precursor to a supply squeeze, often linked with increased upside volatility. The young average coin age further confirms these are recent buys, and not reactivated legacy holdings. All eyes are now on exchange flow trends from this group of BTC holders, ETF basket activity, and divergences between derivatives funding and whale movement for clues on market direction. With aggressive, well-capitalized buyers entering ahead of macro catalysts such as potential rate cuts or ETF inflows, the current trend may significantly alter Bitcoin’s near-term trajectory. The latest observation aligns with Glassnode’s findings , which revealed that Bitcoin’s largest holders have resumed accumulation after a brief period of distribution. This is a major shift in on-chain behavior, with renewed buying activity seen across all wallet cohorts. The trend signals growing market confidence following recent price consolidation and macro uncertainty. Bitcoin’s supply is shrinking as institutional demand surges, according to Sygnum Bank’s latest report . With ETF inflows driving a 30% drop in exchange balances, the bank views this trend as a sign of long-term accumulation. Additionally, government interest in adopting Bitcoin as a reserve asset is accelerating, with the US, UK, Pakistan, and even China exploring options. Sygnum stated that these important factors could spark demand shocks and price volatility.

so I'm casually working on a piece to share my personal thoughts on the current NFT PFP market + a beginner’s guide to enjoying the "nft community)" although it's been repeatedly delayed due to extreme workload at work (lol) but here's the rough outline should this interest anyone (plz plz): tl;dr: - The NFT PFP market is almost equal to the luxury watch market (h/t @MINHxDYNASTY for the fundamental idea as usual) - Should there ever be an alt szn, demand for PFPs naturally will rise and high chance through the previous ath (I mean btc is ath right - although no one believed) - They also function as a form of leveraged investment on L1 tokens like $ETH, $SOL, and $HYPE (while it WILL go the other way around too lol) - So if you believe in the alt season, it's certainly worth looking into the old and the new Web3 IP's and how the leading mindshares are flowing around onchain (prob @KaitoAI will be also important in this cycle) - 1. Recent Trends - It seems like even crypto newcomers are willing to spend up to around 1 ETH now. - For example, @GoodVibesssClub is apparently leading this trend (will it ever "flip @doodles" now? ;)) - Of course on the lower end, there are second-tier brands of major IPs like @Azuki Elementals around 0.2 ETH. These certainly become good entry points for the newcomers in particular. - But my humble thought is that the cheaper the PFP, the less emotional attachment people tend to have to it… 😅 (again, like how you feel about your favorite watch or your luxury bags) 2. The Next Step Up - Once you're in, your standards tend to rise quickly to something like Azuki (~2 ETH) or even @HypioHL from @HyperliquidX. - I guess once your crypto portfolio passes the $10k range, you start rationalizing some of these purchases as a kind of staking - “just locking it in.” - And once you're this, you can never go back (the addiction starts lol) - For instance the @Solana lovers might pick up something like @MadLads just as a flex after making a big bag in the bull run - Especially if you’re attending a Solana event, you will see so many fire @Backpack merch too - naturally you may find yourself on @MagicEden back at home 3. At the Top - There’s @BoredApeYC, often brushed off easily, but it still has a floor price of 13 ETH (never fade the best club) - As mid-range PFPs gain popularity, the "OGs" who forgot they had these and may start looking for new ways to differentiate themselves. - But again, when you’re not interested, you’re never interested.. again just like the luxury market. (didn't mention @cryptopunksnfts because it's in the realm of the fine art history.. 👑 if you're rich enough) 4. At This Point in the Cycle... - When the market gets to this level, we’ll see a flood of knockoffs and derivatives of popular PFPs (the "weak tech" that @cdixon would say imho 😁) - You will see the cool collab managers getting extremely busy and they will probably stop replying to your dm's - This will probably be above the "shoulder" in the good ol' Tulip cycle (if it ever comes.. lol) - now for an anti-thesis: Cases where people can differentiate themselves without NFT PFPs: 1. The top KOL's and well-known figures already have instantly recognizable @x pfp's like @blknoiz06 @0xWenMoon @simonkim_nft (they don't need the NFT PFPs to boost their reputation): → Plus it's easy to make the actual custom high quality PFPs with the smart autonomous bots now 2. Info-fi projects like @KaitoAI and @cookiedotfun are already very widespread (just being ranked in one of these is enough to show off social status): → We’re already in a perfect competition era of Status-as-a-Service. 3. Even low-floor, meme coin-based communities may rise without needing expensive PFPs. - When $HYPE first surged + naturally there are symbols created for their religious activities - Also (not a long time ago but..), new meme coin ATHs like @zerebro or @itsafwog gave people effectively more fun and status boost with their new PFPs minted versus the already popular ones - Wrapping up with some other minor thoughts: - The actual image of a PFP actually matters: See Yapybara by @KaitoAI. nuff said - But of course you need some fundamental values like their actual product + robust and sustainable internal/external marketing fees based airdrop scheme - Then over the long run, at the end of the day, it really comes down to...: the people behind the PFPs. ending with a not very much verifiable and accurate point but it's really the people behind the PFP's that either make the people buy or not buy the expensive jpegs → If the leading figures in either Web3 or Web2 industries are not liking/leveraging the NFT PFPs, who will? → And if there is no demand to the NFT PFPs' 1. status-as-a-servce 2. monetary leverage points, what's the existential meanining of them? (versus just creating dope shit fine arts offline or making cool 1/1 digital arts) In other words..: - Will wee see robust & scalable tech + community + business + art (?) integration like @pudgypenguins ? - Or will more look like @KaitoAI 's dashboard-first growth playbook (and make people buy more Yapybara? lol jk) - Also, as more Web2 companies explore crypto, will they prefer to collaborate with existing Web3 IPs, or will they simply create/use their own brand IPs? - Or, even maybe moves like the @moonbirds IP sale, will we see more robust M&A etc in the seemingly "good" Web3 IP's? (would love to know what's criminally underrated if this would be the case... asking for a fren) Anyway, it become very clear again... that we're still so early. so much room for growth in the market in the industry, and... I just hope I'll be at least a foot into one when the world wants our jpegs again see you on the other side! ;)