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US Bitcoin ETFs record 11 consecutive days of net inflows despite macro jitters
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US Bitcoin ETFs record 11 consecutive days of net inflows despite macro jitters

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U.S. spot Bitcoin exchange-traded funds neared a two-week inflow streak on Tuesday, as geopolitical tensions eased and institutional interest continued to drive demand.

According to data from SoSoValue, the 12 U.S. spot Bitcoin ETFs drew a combined $588.55 million in inflows on June 24. This marked the strongest single-day performance in over a month and extended the current streak of consecutive inflows to 11 days, totaling more than $3.3 billion.

BlackRock’s IBIT led the day with $436.32 million in inflows, accounting for nearly three-quarters of the total. Fidelity’s FBTC and ARK Invest’s ARKB followed with $85.16 million and $43.85 million, respectively. Bitwise’s BITB, Grayscale’s GBTC, and VanEck’s HODL collectively brought in $23.22 million. Notably, several smaller funds recorded no inflows on the day.

The spike in inflows coincided with a shift in macro sentiment, driven largely by geopolitical developments.

On June 24, U.S. President Donald Trump announced that Iran and Israel had agreed to a ceasefire, emphasizing that both parties must strictly adhere to the terms. The ceasefire, following nearly two weeks of escalating hostilities, alleviated fears of broader conflict and its potential economic fallout, particularly rising oil prices and inflationary pressure.

Bitcoin (BTC) responded positively to the news, surging 6.1% to reclaim the $106,718 level at press time. The move above the psychologically important $105,000 level appeared to validate bullish momentum, with market participants interpreting the ceasefire as a temporary de-risking event.

Meanwhile, recent regulatory developments have also helped lift market sentiment. On June 23, the Federal Reserve removed the term “reputational risk” from its bank supervision guidelines. The change is seen as a structural shift that may reduce barriers preventing banks from offering services to digital asset firms.

Industry experts believe this adjustment could accelerate the integration of crypto within traditional financial systems, particularly in banking infrastructure.

Institutional appetite for Bitcoin also appears to be accelerating. MicroStrategy’s Michael Saylor recently added $26 million worth of Bitcoin to its treasury, pushing its total holdings to 592,345 Bitcoin.

This trend is being mirrored by a growing number of new and established public firms exploring similar treasury strategies. 

For instance, veteran investor Anthony Pompliano recently unveiled ProCap, a new Bitcoin treasury firm that aims to accumulate $1 billion worth of Bitcoin. ProCap has already acquired 3,724 Bitcoin for roughly $387 million.

Further reinforcing this institutional pivot, Trump Media filed with the SEC to list the “Truth Social Bitcoin and Ethereum ETF” on the New York Stock Exchange. The proposed ETF would allocate 75% of its assets to Bitcoin and 25% to Ethereum, marking a high-profile attempt to gain a foothold in the growing digital asset fund landscape.

Commenting on market dynamics, Komodo Platform CTO Kadan Stadelmann told crypto.news that despite macro jitters, “buyers are taking advantage of dips and accumulating.”

“Market volume suggests significant market activity. Demand will almost certainly remain strong, especially as companies continue to announce they are starting Bitcoin Treasuries, the latest of which is Donald Trump’s Truth Social,” Stadlemann said.

According to a new report by Bybit on portfolio allocation trends, Bitcoin now makes up 30.95% of the average investor’s portfolio, up from 25.4% in November 2024, a sign that investors increasingly view the benchmark cryptocurrency as a mature asset rather than a purely speculative play.



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Crypto Trends

Bitcoin Deposit Activity Drops To Historic Low As ETFs And Long-Term Holding Gain Ground

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

As Bitcoin (BTC) continues to hold above the psychologically important $100,000 price level, a “true paradigm shift” is emerging among investors. Notably, exchange deposit activity is declining, signalling growing confidence in BTC as a reliable store of value.

Bitcoin Deposit Address Activity Plunges To Historic Lows

According to a recent CryptoQuant Quicktake post by on-chain contributor Darkfost, there has been a noticeable shift in the number of BTC wallet addresses depositing to exchanges since the 2021 bull cycle.

The analyst shared the following chart to support their analysis. It shows a steady increase in the number of addresses depositing BTC on exchanges between 2015 and 2021, peaking at an annual average of approximately 180,000.

Bitcoin exchange depositing addresses have declined following the 2021 cycle | Source: CryptoQuant

However, this trend has sharply reversed since then and has shown no signs of recovery. Notably, the 10-year average for the number of addresses depositing BTC to exchanges currently sits around 90,000.

Shorter-term metrics reinforce this decline. The 30-day moving average (MA) is hovering around 48,000, while the daily figure has dropped to just 37,000. This drastic behavioral shift among investors can be attributed to two key factors.

First, the emergence of BTC exchange-traded funds (ETFs) has redirected a significant portion of demand away from spot exchanges. ETFs allow exposure to Bitcoin’s price performance without the complexity or risk of self-custody.

Second, retail participation has been relatively subdued in the current market cycle, naturally reducing the number of active deposit addresses.The analyst noted:

More investors, and now even companies, are adopting a long-term vision for BTC, choosing to hold it as savings or treasury reserves rather than actively trading it.

Is BTC Preparing For A New High?

As the number of addresses depositing BTC to exchanges continues to decline, several indicators point toward the potential for a new all-time high (ATH). Recent analysis by crypto analyst CryptoGoos suggests that short-term sellers are “getting exhausted,” implying that selling pressure may ease soon.

Similarly, the Bitcoin Rainbow Chart – a long-term valuation model used to identify overvaluation and undervaluation zones – recently flashed a “buy” signal. Although, the wider market demand remains weak.

Macroeconomic conditions are also turning favorable. An increase in the global M2 money supply is expected to benefit risk-on assets like Bitcoin. Some experts now predict BTC could rise as high as $150,000 as liquidity expands.

That said, not all signs are bullish. Miner-to-exchange transfers have recently spiked to historic highs, potentially signalling increased selling pressure from BTC miners. At press time, BTC is trading at $105,141, up 2.6% in the past 24 hours.

Bitcoin trades at $105,141 on the daily chart | Source: BTCUSDT on TradingView.com

Featured Image from Unsplash.com, charts from CryptoQuant and TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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Japan Eyes Crypto ETFs, 20% Tax in Regulatory Overhaul
Crypto Trends

Japan Eyes Crypto ETFs, 20% Tax in Regulatory Overhaul

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Japan’s Financial Services Agency (FSA) proposed a sweeping reclassification of cryptocurrencies that would clear a path for the launch of crypto exchange-traded funds (ETFs) and introduce a flat 20% tax on digital asset income.

The proposal, introduced on Tuesday, suggests recognizing crypto as “financial products” under the scope of the Financial Instruments and Exchange Act (FIEA), the same regulatory framework that governs securities and traditional financial products.

The proposed reclassification could also shift Japan’s current progressive tax system, which taxes crypto gains at rates up to 55%, to a uniform 20%, mirroring the treatment of stocks. That change could make crypto investing more attractive to both retail and institutional players.

The proposed shift is part of the Japanese government’s broader “New Capitalism” strategy, which seeks to position the country as an investment-led economy.

Related: What Japan’s fiscal debt crisis means for global crypto markets

Japan surpasses 12 million active crypto accounts

The move comes amid increasing interest in crypto as a legitimate investment asset. According to the FSA, more than 12 million domestic crypto accounts were active as of January 2025, with assets held on platforms exceeding 5 trillion Japanese yen (about $34 billion).

In the proposal, the FAS also revealed that crypto ownership now surpasses participation in some traditional financial products, such as FX and corporate bonds, particularly among tech-savvy retail investors.

The proposal also responds to the surge in institutional engagement worldwide. The FSA cited data showing over 1,200 financial institutions, including US pension funds and Goldman Sachs, now hold US-listed spot Bitcoin ETFs.

Chart showing Japan’s crypto accounts surpassing 12 million in 2025 alongside a global surge in fund flows into crypto ETFs. Source: FSA

Japanese regulators aim to support similar developments domestically, especially as global fund flows into crypto continue to expand.

Related: Bank of Japan pivot to QE may fuel Bitcoin rally — Arthur Hayes

SMBC, Ava Labs to explore stablecoins in Japan

In April, Sumitomo Mitsui Financial Group (SMBC), TIS Inc., Ava Labs and Fireblocks signed a Memorandum of Understanding to explore the commercialization of stablecoins in Japan. The collaboration will focus on issuing stablecoins pegged to both the US dollar and Japanese yen.

The group also plans to examine the use of stablecoins for settling tokenized real-world assets such as stocks, bonds and real estate.

In March, Japan issued its first license allowing a company to deal with stablecoins to SBI VC Trade, a subsidiary of the local financial conglomerate SBI, which said it was preparing to support Circle’s USDC (USDC).

Magazine: Bitcoin’s invisible tug-of-war between suits and cypherpunks



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Crypto Trends

Bitcoin ETFs Headed for Approval in 2025

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

South Korean regulators are gearing up for a big shift: spot Bitcoin and other crypto ETFs could hit the market by the second half of 2025.

According to reports, the Financial Services Commission has sent a roadmap to the Presidential Committee on State Affairs Planning outlining new rules and infrastructure for issuing, trading and valuing these funds.

This move follows President Lee Jae‑myung’s promise to bring crypto into the mainstream financial system.

South Korea Plans Spot Crypto ETFs

Based on reports, the FSC wants to set clear rules on custody, trading platforms and fund evaluation before any ETF hits the market. The plan targets approval in the latter half of 2025, though officials warn that details could still shift.

Retail investors will likely gain access to Bitcoin and other crypto assets through traditional brokerage accounts, rather than relying on self‑custody options.

Total crypto market cap currently at $3.17 trillion. Chart: TradingView

Stablecoins Tied To The Won

Alongside ETFs, regulators aim to roll out a domestic stablecoin pegged to the Korean won by late 2025. According to the FSC roadmap, a won‑based token would cut down on capital flight and provide a homegrown digital payment option.

This stablecoin framework will cover issuance rules, reserve requirements and auditing standards to keep trust high among users.

Investor Protections And Rules

Investor safety features heavily in the proposals. The government plans a “one‑strike” policy for companies caught in market manipulation, requiring executives to return any illicit gains. Public firms that fall foul of these rules could face faster delisting. There’s also talk of stiffer penalties for unfair trading and stronger disclosure rules for crypto firms.

Image: Verdict

Market Impact And Next Steps

South Korea is already one of the world’s top retail crypto markets, with local investors holding about $76 billion in digital assets at the end of 2024. Opening ETFs could shift some of that into regulated products, smoothing out wild swings while bringing in new capital from cautious buyers.

The FSC is also looking at extending Korea Exchange trading hours from 6.5 to 12 hours a day, which could boost liquidity across all asset classes.

Despite the promise, experts say getting the final regulations right will be crucial. Custody rules must guard against hacks, pricing methods need to reflect real‑time markets, and audit standards have to verify underlying asset holdings.

Still, this roadmap represents a major shift in South Korea’s stance on crypto. If it goes ahead as planned, the country will join the US, Canada and parts of Europe in offering spot‑based crypto ETFs—potentially setting a trend for other Asian markets.

Featured image from Unsplash, chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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Shaurya Malwa
NFT Gaming

Bloomberg Analysts See 90% Chance SEC Clears Most Crypto ETFs Filings

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Odds are stacked that the U.S. Securities and Exchange Commission approves most of the filed crypto exchange-traded funds, including the various XRP ETFs, by their respective deadlines, according to Bloomberg Analysts James Seyffart and Eric Balchunas.

“We are raising our odds for the vast majority of the spot crypto ETF filings to 90% or higher,” Bloomberg Intelligence’s James Seyffart said in a post on X. “Engagement from the SEC is a very positive sign in our opinion.”

According to the analysts, ETFs for assets like Litecoin, Solana, XRP, Dogecoin, and Cardano all now sit at or above the 90% mark.

(Bloomberg)

These estimates reflect growing optimism from ETF specialists following a wave of 19b-4 acknowledgements and S-1 amendment requests from the Securities and Exchange Commission.

Analysts view this back-and-forth process as a signal that the SEC is now more willing to work with issuers.

The only asset lagging behind is SUI, filed solely by Canary. Bloomberg assigns it a 60% chance of approval, citing a lack of regulated futures and regulatory uncertainty.

Bettors on Polymarket are also feeling optimistic.

(Polymarket)

They are giving a 98% chance that an XRP ETF gets approved this year, and a 91% chance a SOL ETF gets the green light. It’s also likely that a DOGE ETF gets a go-ahead, with bettors giving that a 71% chance of happening.



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Crypto Trends

South Korean Regulators Prepare for Spot Crypto ETFs This Year

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In brief

  • The FSC has submitted an implementation plan for spot crypto ETFs to the Presidential Committee.
  • Korean won-based stablecoins are also set for regulatory approval by year-end.
  • The move reverses a previous ban from 2017, which cited concerns about financial stability.

South Korea’s Financial Services Commission submitted plans Thursday to introduce spot crypto ETFs by the second half of 2025, marking a reversal of the country’s previously restrictive crypto policies as a new government takes the helm.

The roadmap, filed with the Presidential Committee on Policy Planning, outlines implementation measures for spot crypto ETFs while establishing investor protection frameworks, including custody, operation, and evaluation standards, according to an initial report from Yonhap, the country’s largest news agency.

The plan would take into account “risks related to the linkage of financial and virtual asset markets, the impact on the real economy, and investor benefits,” the FSC stated in its report to the State Affairs Planning Committee.

The FSC’s plan also includes lifting restrictions on Korean won-based stablecoins, addressing concerns about domestic capital outflow. The commission previously banned crypto ETFs, citing financial stability risks and viewing cryptocurrency as unsuitable base assets.

But while the plans are ambitious, their details are not final and would still need to be discussed by the country’s lawmakers, the regulator said.



“The specific details of the matters discussed in the National Planning Committee’s briefing are difficult to confirm and have not been finalized,” a rough translation of a statement issued Friday by the FSC reads.

The commission is also working to process phased approvals for institutional crypto trading, signaling broader reform that could see market liberalization.

Those regulatory shifts appear to fulfill President Lee Jae-myung’s campaign pledge to approve spot crypto ETFs, following the successful U.S. launch that channeled billions in institutional capital and propelled Bitcoin to record highs.

The newly elected government’s friendly stance to crypto has since continued. Earlier this month, he proposed the Digital Asset Basic Act, which, if approved, would allow local companies to issue their own stablecoins.

Industry observers expect the ETF launch to follow similar risk assessment protocols used in traditional markets, in particular “around regulatory frameworks, monetary policy coordination, and technical implementation,” Min Jung, an analyst at Presto Research, told Decrypt earlier this month.

Edited by Sebastian Sinclair

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Bitcoin ETFs See $389 Million Inflow Despite Crypto Market Correction
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Bitcoin ETFs See $389 Million Inflow Despite Crypto Market Correction

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  • Bitcoin ETFs continue inflow streak
  • BlackRock’s IBIT retains dominance

The crypto market is down, and leading cryptocurrencies, especially Bitcoin, are struggling to recover from the losses encountered during recent dumps. 

However, spot Bitcoin Exchange Traded Funds (ETFs) have remained unmoved as they have achieved consecutive inflows for the 8th day, according to data from SosoValue.

While investors appear to have relented on accumulating Bitcoin, they are aggressively betting big on U.S. spot Bitcoin (BTC) exchange-traded funds (ETFs), as nearly $390 million in total net inflow was recorded on June 18.

Bitcoin ETFs continue inflow streak

According to data provided by the source, this marks the 8th consecutive day of Bitcoin ETF inflows, signaling strength among institutional investors despite market troubles.

Over the last day, spot Bitcoin ETFs achieved a total of $389.57 million in new capital flows, bringing the latest streak of inflows to a total of $2.4 billion.

The positive inflow streak achieved by Bitcoin ETFs over the last few days reflects unwavering confidence among institutional investors despite the recent crypto market bloodbath.

Although Bitcoin has slowly begun to regain its momentum after falling as low as $103,695 on June 18, the leading cryptocurrency now holds steady above $104,000.

Bitcoin has shown resilience with a slight price surge of 0.31% over the last day, trading steadily at $104,348 as of press time.

Source: CoinMarketCap 

BlackRock’s IBIT retains dominance

This impressive inflow streak has seen BlackRock’s iShares Bitcoin Trust (IBIT) take the lead once again. The leading investment fund achieved the largest net inflow for the day, recording a massive $278.93 million in fresh capital.

As such, IBIT has seen its cumulative net inflow surge to a massive $50.95 billion while achieving $71.06 billion in net assets as of June 18.

Furthermore, Fidelity’s FBTC achieved the second-largest net inflow for the day with $104.38 million. This brings the fund’s cumulative net inflow as of June 18 to $11.5 billion and $20.49 billion in total net assets.

Coming in third and fourth are Bitwise’s Bitcoin ETF (BITB) and Grayscale Bitcoin Mini Trust, recording $11.32 million and $10.12 million in daily net inflows, respectively.



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XRP, SOL ETFs face SEC delay, but approval hopes remain
Crypto Trends

XRP, SOL ETFs face SEC delay, but approval hopes remain

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The U.S. Securities and Exchange Commission has officially delayed decisions on two additional ETFs, adding them to a growing list of applications now facing extended timelines.

According to separate filings published on Tuesday, June 17, the SEC is initiating formal proceedings to determine whether to approve or deny Franklin Templeton’s proposed XRP (XRP) and Solana (SOL) ETFs.

Typically prompted by the need for a more thorough evaluation of the proposals and related concerns, this move pauses the decision-making process for several weeks to allow for additional public input and internal review.

“The Commission is instituting proceedings pursuant to Section 19(b)(2)(B) of the Act13 to determine whether the proposed rule change should be approved or disapproved,” the filings read. ​​”Institution of proceedings does not indicate that the Commission has reached any conclusions with respect to any of the issues involved.”

The SEC’s decision adds to a growing trend of delays, coming just a week after it similarly postponed rulings on DOGE (DOGE), AVAX (AVAX), and HBAR (HBAR) ETFs.

While not a rejection, the delay marks a setback for rising market expectations of an imminent approval. But despite the holdup, analysts remain optimistic.

Solana, XRP ETFs still viable despite SEC slowdown

Commenting on the latest filings, ETF analyst James Seyffart emphasized that the SEC’s delay is not unusual. He noted that while the approval timeline remains uncertain, active engagement from the commission is a “very positive” signal. 

Delay here was expected. Intermediary deadline for this was today.

But, SEC is engaging on S-1 for Solana Staking ETFs and that’s a *very* positive sign. Still, timelines for approvals are less certain IMO https://t.co/mwKuYgQuBS

— James Seyffart (@JSeyff) June 17, 2025

Earlier this month, the analyst placed approval odds for both SOL and XRP ETFs at 90% and 85% respectively, citing the SEC’s current view of each asset, existing CFTC oversight of futures, and the strength of the filing institutions.

Both SOL and XRP have dropped roughly 4% over the past 24 hours, likely in response to the regulatory decision. Meanwhile, the first XRP ETF recently launched in Canada following approval from the Ontario Securities Commission (OSC), signaling growing interest and adoption beyond the United States.





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SEC Adds Dogecoin, Hedera ETFs to Growing List of Delayed Decisions

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In brief

  • The SEC extended review periods for multiple crypto ETF proposals, including Bitwise’s Dogecoin ETF, Grayscale’s Hedera Trust, and Canary Capital’s HBAR ETF.
  • Four Solana ETF filings and Grayscale’s Cardano ETF also face delayed decisions, with new deadlines set in July.
  • The regulator said it seeks further public comments and has not made any final determinations on the filings.

The U.S. Securities and Exchange Commission has extended the review periods for multiple crypto ETF applications, including those involving Dogecoin and HBAR, on Wednesday and Thursday.

The SEC instituted formal proceedings on June 11 for the Bitwise Dogecoin ETF and on June 12 for the Grayscale Hedera Trust, extending deadlines while requesting additional public comments. A similar document on Canary Capital’s HBAR ETF was published on June 10.

Four separate Solana ETF proposals from Bitwise, 21Shares, VanEck, and Canary Capital have been postponed to early July 2025. The Grayscale Cardano ETF received a July 15 extension, while Bitwise’s Ethereum staking ETF faces a July 6 deadline.

About 72 crypto-related ETFs are “sitting with the SEC awaiting approval to list or list options,” according to Bloomberg senior ETF analyst Eric Balchunas, following a roundup from earlier in April.

Pushing back the dates for the proceedings is “appropriate at this time in view of the legal and policy issues raised” from the proposed changes, the SEC’s latest filing on Grayscale’s proposal reads.

It’s worth noting that the SEC clarified in writing that the delays do not “indicate that the Commission has reached any conclusions with respect to any of the issues involved.” 

Instead, it means that the regulator “seeks and encourages interested persons to provide comments on the proposed rule change.”



When exchanges want to list new ETF products, they must file “proposed rule changes” with the SEC to modify their own listing standards to accommodate the new products.

The “legal and policy issues” the SEC mentions relate to whether these crypto-based ETFs meet the standards to “prevent fraudulent and manipulative acts and practices” and “protect investors and the public interest” as required by Section 6(b)(5) of the Securities Exchange Act.

The SEC then reviews whether these exchange rule modifications comply with federal securities laws.

For the Bitwise Dogecoin ETF, NYSE Arca filed to list and trade the ETF under NYSE Arca Rule 8.201-E (Commodity-Based Trust Shares), with shares designed to track the performance of a specific commodity or derivative, as the exchange maintains fair and transparent trading.

For Grayscale’s proposed Hedera ETF, Nasdaq filed to list the ETF under Nasdaq Rule 5711(d), which shares similar aspects to the NYSE rules, setting a framework for how these trust shares are structured, traded, and monitored. 

Canary’s HBAR ETF proposal is also being reviewed under this rule.

Edited by Sebastian Sinclair

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Bitcoin ETFs see over $1.3 billion inflows in last 5 days
Crypto Trends

Bitcoin ETFs see over $1.3 billion inflows in last 5 days

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Bitcoin (BTC) exchange-traded funds (ETFs) recorded five days of consecutive inflows, despite the recent geopolitical turmoil caused by the Israel-Iran conflict.

According to data from Farside Investors, the streak began on Monday, June 9, with inflows of over $386 million and continued through Friday, with an additional $301 million in inflows. In total, over $1.3 billion in capital moved into Bitcoin ETFs over the past five days.

Bitcoin ETF inflow data from May 26-June 13. Source: Farside Investors

The price of Bitcoin has proved resilient in the wake of the Israeli airstrikes on Iran, dropping by roughly 3% in response to the news. Coin Bureau founder Nic Puckrin said:

“Over the long term, what matters most for Bitcoin is not geopolitics, it is the US dollar index (DXY), and the DXY has just broken below 100, its lowest level in over three years. It is clear USD is only going in one direction, and Bitcoin typically goes in the opposite.”

Despite this, the analyst warned that risk-on assets could see a significant short-term price drop if Iran chooses to close the Strait of Hormuz, a narrow waterway through which 20% of the global oil supply passes.

The Strait of Hormuz, the narrow waterway that transports 20% of the global oil supply. Source: Free World Maps

Closing the Strait would cause a spike in energy prices, disrupting global markets. Retaliatory military strikes by both sides over the weekend threaten to spark a full-blown regional war that will impact crypto markets and asset prices.

Related: Bitcoin price breakout to $119K possible if oil rally pattern holds

Bitcoin holds steady despite recent geopolitical shock

“It is encouraging to see that after briefly dipping below $103,000, as $422 million in Bitcoin longs got liquidated, BTC has recovered to trade around $105,000,” Puckrin said on Friday.

Bitcoin is only trading less than 6% away from its all-time high of $112,000 recorded on May 22, despite the ongoing geopolitical tensions.

Bitcoin price analysis. Source: TradingView

This price resilience caused some analysts to forecast a Bitcoin price rally that could catapult BTC to new all-time highs in the coming weeks and months.

Bitcoin adoption continues to be fueled by ongoing macroeconomic uncertainty, high government debt, geopolitical tensions, and the fracturing of legacy financial systems, which all erode savings — making the supply-capped asset an attractive alternative for investors.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Magazine: US risks being ‘front run’ on Bitcoin reserve by other nations: Samson Mow



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