{"id":9998,"date":"2025-06-07T23:50:57","date_gmt":"2025-06-07T20:50:57","guid":{"rendered":"https:\/\/aitooldetective.com\/untitled-article\/"},"modified":"2025-06-07T23:50:57","modified_gmt":"2025-06-07T20:50:57","slug":"untitled-article","status":"publish","type":"post","link":"https:\/\/fspirits.com\/el\/untitled-article\/","title":{"rendered":"Capital Shifts From BTC to ETH. Latest Crypto news"},"content":{"rendered":"<p class=\"text-normal\">During the first week of June, the <a  class=\"btl_autolink_hyperlink\"  href=\"https:\/\/fspirits.com\/go\/crypto\/\"   >cryptocurrency<\/a> market remained stagnant. However, a public dispute between U.S. President Donald Trump and Tesla CEO Elon Musk on X caused a stir. As a result, <a  class=\"btl_autolink_hyperlink\"  href=\"https:\/\/fspirits.com\/go\/crypto\/\"   >Bitcoin<\/a> fell approximately 4% and narrowly avoided dropping below the $100,000 support level, while Ethereum, Solana, XRP, and various other altcoins also experienced losses.<\/p>\n<p class=\"text-normal\">In the background, there&#8217;s a notable change in capital flow. BlackRock, the largest asset management firm globally, recently moved $560 million in <a  class=\"btl_autolink_hyperlink\"  href=\"https:\/\/fspirits.com\/go\/crypto\/\"   >Bitcoin<\/a> to its exchange\u2014an indication of selling\u2014and invested $69 million in Ethereum for its exchange-traded fund (ETF) setup, as reported by Onchain Lens. This action followed a significant number of withdrawals by investors from the iShares <a  class=\"btl_autolink_hyperlink\"  href=\"https:\/\/fspirits.com\/go\/crypto\/\"   >Bitcoin<\/a> Trust (IBIT).<\/p>\n<p class=\"text-normal\">The rotation occurs as net inflows into spot <a  class=\"btl_autolink_hyperlink\"  href=\"https:\/\/fspirits.com\/go\/crypto\/\"   >BTC<\/a> ETFs decreased significantly to $67 million, down from $2.75 billion the previous week, with BlackRock&#8217;s own IBIT experiencing a record outflow in a single day. In contrast, spot ETH ETFs attracted $344 million during the same timeframe, nearly doubling their inflows from the prior week.<\/p>\n<p class=\"text-normal\">In another development, Canary Capital has submitted a request for the first spot <a  class=\"btl_autolink_hyperlink\"  href=\"https:\/\/fspirits.com\/go\/crypto\/\"   >cryptocurrency<\/a> ETF in the United States, with <a  class=\"btl_autolink_hyperlink\"  href=\"https:\/\/fspirits.com\/go\/crypto\/\"   >Crypto.com<\/a> serving as the custodian. Meanwhile, on Thursday, USDC issuer Circle launched its initial public offering (IPO) on the New York Stock Exchange (NYSE), pricing its shares at $31 each. The stock debuted at $69 and finished its first day of trading at $83.<\/p>\n<p class=\"text-normal\">While the market may be in a holding pattern, shifts in ETF demand and stablecoin usage are noteworthy. The next phase could depend on what follows the concept of \u2018digital gold\u2019.<\/p>\n<div><\/div>","protected":false},"excerpt":{"rendered":"<p>In early June, the <a  class=\"btl_autolink_hyperlink\"  href=\"https:\/\/fspirits.com\/go\/crypto\/\"   >cryptocurrency<\/a> market faced stagnation amid rising tensions between Trump and Musk, impacting <a  class=\"btl_autolink_hyperlink\"  href=\"https:\/\/fspirits.com\/go\/crypto\/\"   >Bitcoin<\/a> and altcoins while ETF dynamics shifted significantly.<\/p>","protected":false},"author":1,"featured_media":9999,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[2456,2355],"tags":[],"class_list":["post-9998","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto","category-latest-news"],"_links":{"self":[{"href":"https:\/\/fspirits.com\/el\/wp-json\/wp\/v2\/posts\/9998","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fspirits.com\/el\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fspirits.com\/el\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fspirits.com\/el\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/fspirits.com\/el\/wp-json\/wp\/v2\/comments?post=9998"}],"version-history":[{"count":0,"href":"https:\/\/fspirits.com\/el\/wp-json\/wp\/v2\/posts\/9998\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fspirits.com\/el\/wp-json\/wp\/v2\/media\/9999"}],"wp:attachment":[{"href":"https:\/\/fspirits.com\/el\/wp-json\/wp\/v2\/media?parent=9998"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fspirits.com\/el\/wp-json\/wp\/v2\/categories?post=9998"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fspirits.com\/el\/wp-json\/wp\/v2\/tags?post=9998"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}