A wave of institutional flows and corporate treasury moves hit crypto markets this week. Strategy bought $357M in Bitcoin, Ethereum ETFs pulled in more than $1 billion over three days, and new Solana fundraising and token-structured offerings are gaining momentum.
The market briefly slid — Bitcoin fell to $108k before a rebound — triggering roughly $758M in liquidations and marking the largest divergence between BTC and global M2 money supply in two years. Those moves underscore how macro signals and ETF demand can amplify price swings across the space.
Institutional and corporate activity dominates the headlines. ETFs for Ethereum recorded over $1B in inflows in three days, while Strategy’s purchase of $357M in BTC highlights renewed institutional appetite. Venture and treasury plays followed: Pantera is reportedly seeking $1.25B to establish a Solana treasury, Sequans plans a $200M Bitcoin treasury, and ETHZilla approved a $250M share buyback. B Strategy is planning a $1B BNB DAT, and buybacks now account for an estimated 99% of some networks’ fee flows.
Other developments include Bitwise filing for a LINK ETF, Gemini overtaking Coinbase on app-store rankings, the CFTC chair moving to Moonpay, and reports that the UAE holds around $740M in BTC via Citadel Mining. Meanwhile, roughly $2.2B of tokenized gold sits on Ethereum.
Why readers should care: these flows signal increasing institutionalization and product-layer innovation across crypto; ETF demand and treasury allocations can quickly change liquidity dynamics and prices. Investors should note the heightened volatility and the risks of following short-term momentum.
Source: Decrypt. Read the original coverage for full details.