Good morning, Asia. Know here what news is being made in the markets:
Welcome to the Asia Morning Briefing, a daily summary of the top stories and an overview of market action and analysis during US time. For a detailed overview of US markets, check out CoinDesk’s Crypto Daybook Americas.
Bitcoin ETFs snapped a two-week streak of redemptions by the end of the day US time on Tuesday, posting $299.8 million in net inflows as investors rotated back into crypto-linked products, early data showed.
Data from SoSoValue shows that Fidelity’s FBTC brought in $165.9 million, while Ark 21Shares (ARKB) added $102.5 million, and Grayscale’s BTC added $24.1 million, while the others have not yet reported as of publication time.
The change marks a notable contrast with last week’s data from CoinShares, which recorded outflows of $1.17 billion from digital asset investment products.
Bitcoin listed products in the US saw redemptions of $932 million, while ether equivalents saw a loss of $438 million. By comparison, European markets continued to attract capital, with $41 million inflows into Germany and $50 million into Switzerland, suggesting long-term conditions outside the US.
However, Altcoins continue to trend. Solana recorded another $118 million in investments last week, bringing its nine-week total to $2.1 billion, according to CoinShares data, while HBAR and Hyperliquid recorded small but steady gains.
This pattern points to investors distinguishing between core assets under macro pressure and emerging networks that are still seeing on-chain momentum.
Thomas Perfumo, global economist at Kraken, said Bitcoin’s fundamentals remain intact despite near-term volatility.
“In approximately seven days, Bitcoin’s circulating supply will exceed 19.95 million coins, which is 95% of its maximum supply of 21 million coins,” he wrote in a note to CoinDesk. The milestone underscores Bitcoin’s programmable scarcity and its long-term role as a “trustedly neutral, globally accessible store of value.”
While short-term price action continues to track US liquidity expectations, Perfumo said Bitcoin’s hard-money design and growing adoption leads to long-term value accumulation.
Institutional investors appear to be mirroring that approach: buying dips through ETFs, reducing exposure to high-beta assets, and maintaining allocations in what are seen as structural portfolio assets rather than speculative trading.
market movements
BTC: Bitcoin rose 1.4% to nearly $103,000, recouping some of last week’s losses as easing ETF inflows and macro fears improved sentiment.
ETH: Ethereum rose 2.1% to $3,424, outperforming Bitcoin as traders turned to the majors after two weeks of fund outflows.
Sleep: Gold traded at $4,134.6, close to a record high, as economist James Thorn warned the US has crossed the fiscal “Rubicon”, which could trigger a “Bretton Woods 2.0” reset of gold’s revaluation to manage debt, while Barrick Mining’s $1.3 billion quarterly profit and dividend hike underlined that rising bullion prices are a major threat to global financial stability. How the scenario is changing.
Elsewhere in Crypto
- Former BlackRock executive says Ethereum is ‘infrastructure’ for Wall Street (CoinDesk)
- Taurus, Stellar apply for tokenized clean energy financing pilot in Spain (The Block)