US spot Bitcoin exchange-traded funds may be seeing heavy outflows lately, but the broader picture tells a different story. According to Bloomberg ETF analysts, cumulative net inflows into Bitcoin ETFs peaked at $63 billion in October and now stand at about $53 billion, even after months of redemptions.
Japanese public company Metaplanet reported explosive revenue growth after pivoting its business around Bitcoin, with the cryptocurrency now accounting for most of its operating activity. According to its fiscal year 2025 earnings report, revenue climbed to $58 million from $7 million a year earlier, a 738% year-on-year increase.
Gold fell as signs of progress in U.S.-Iran talks dampened safe-haven demand, while a stronger dollar added to the selling pressure. U.S. gold futures for April delivery settled 2.8% lower at $4,905.90 per ounce.
The Canadian dollar weakened against its U.S. counterpart, as the greenback posted broad-based gains and domestic inflation data raised prospects the Bank of Canada would resume its interest rate cutting campaign.
The British pound was struggling for direction against the dollar and the euro before key economic data due later this week that could make or break the case for more rate cuts from the Bank of England.
Crypto investment products failed to attract enough inflows last week to reverse negative sentiment and clocked a fourth consecutive week of outflows. Crypto exchange-traded products recorded $173 million in outflows, following the previous week’s $187 million.
