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$58 Million XRP Transfer Flows Into Coinbase: Details
GameFi Guides

$58 Million XRP Transfer Flows Into Coinbase: Details

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Blockchain monitoring firm Whale Alert has identified a massive transfer of 26,671,734 XRP ($58,002,329) into leading U.S.-based crypto exchange Coinbase on June 19.

XRP has remained in the spotlight in recent days due to its ongoing legal battle with the SEC and the recent launch of an XRP ETF in North America. 

As such, the large XRP transfer today has sparked debates. Significant crypto transfers to exchanges like Coinbase are often seen as a sign that a whale may be preparing to sell off assets.

XRP whale activity sparks concerns

The massive XRP transfer comes after a period of high volatility in the broader crypto market, with prices of leading cryptocurrencies dropping to unexpected lows.

Although the market has begun to show slight signs of recovery, the large transfer has raised concerns among investors. Given the market’s current fragile state, both retail and institutional players are closely watching on-chain movements.

According to Whale Alert, the massive XRP transfer was executed by an unknown wallet address in a single transaction, suggesting a possible sell-off attempt.

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Notably, the multi-million-dollar XRP transfer, which occurred during the late hours of the day, has stirred concern within the XRP community, especially since the motive behind the move remains unclear.

Following the transfer, XRP has continued to show signs of weakness, with both whales and retail holders potentially offloading their tokens. Over the past 24 hours, CoinMarketCap data indicates that XRP experienced a 0.36% price drop, following heavier losses seen the previous day. 

Source: CoinMarketCap 

As of press time, XRP is trading at $2.16, with a notable 36.57% decrease in its overall trading volume from the day before.

While the move aligns with the broader downtrend in the crypto market, investors are left wondering whether this transfer will lead to a sharper price decline or set the stage for a possible rebound.



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NFT Gaming

ETH Stabilizes Above $2,500 on Strong ETF Flows

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Ether

has rebounded firmly from key support near $2,460, recovering losses and stabilizing above the $2,500 threshold amid broader market volatility.

The rally follows a higher low formation backed by above-average volume, signaling growing market confidence.

Institutional participation appears to be reinforcing the trend, with BlackRock’s ETHA ETF reporting $492 million in net inflows last week.

Total holdings now exceed $4.84 billion, reinforcing long-term bullish sentiment even as price action remains sensitive to geopolitical developments.

Traders are watching to see if ETH can challenge resistance in the $2,520–$2,530 range.

Technical Analysis Highlights

  • ETH traded within a $72 range over 24 hours, from a low of $2,460.35 to a high of $2,532.41.
  • A key support zone formed at $2,460–$2,470, where ETH bounced on strong volume during midnight hours.
  • Final hour surge reached $2,515.11, backed by 5,919 ETH in volume.
  • Higher low structure established with interim support at $2,485 and resistance at $2,503.
  • Final retracement held support at $2,507, with price consolidating around $2,510 into the close.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.



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BlackRock Registers Stunning $0 in Bitcoin ETF Flows
GameFi Guides

BlackRock Registers Stunning $0 in Bitcoin ETF Flows

by admin


Something unusual just happened in the Bitcoin ETF space — and not in the way one would expect. BlackRock, the giant that has been the main attraction for Bitcoin ETF flows for months, logged exactly zero dollars in net inflows for IBIT on June 5, as seen on SoSoValue chart. 

That is not a typo. No money in, no money out. And that silence is louder than it appears.

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Meanwhile, the rest of the market was not still at all. In fact, total net outflows across all U.S. Bitcoin spot ETFs hit a whopping $278.44 million, making it one of the worst days for ETF flows in recent memory. 

Big names like Ark’s ARKB saw a brutal $102 million fly out, and Fidelity’s FBTC was not far behind with $80 million gone. Even Grayscale’s GBTC continued its familiar pattern of red, dropping another $24 million on the day.

Source: SoSoValue

This came as Bitcoin itself was sliding down the chart. The BTC/USDT price on Binance spent most of June 5 in a grind lower, falling under $101,000 before showing a slight bounce into the next session. 

It felt like one of those days where sentiment just quietly drains out of the room. The reasons were pretty loud, but that is the topic of another article.

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What makes this moment especially strange is that IBIT has been the gold standard for steady inflows, almost immune to market noise. A flat day might not sound dramatic, but when it is BlackRock sitting it out — and everyone else is pulling cash — it hints at either caution or something brewing behind the scenes.

Whether this is just a breather or the start of a larger pullback, one thing’s clear: even the heavyweights are pausing to think twice.



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$5.86 Billion In Bitcoin Flows Into ETFs In May
Crypto Trends

$5.86 Billion In Bitcoin Flows Into ETFs In May

by admin


  • Bitcoin ETFs are bullish
  • Ethereum ETFs barely break half a billion

The crypto community is once again stunned by the bullish move pulled by Bitcoin Exchange-Traded Funds (ETFs), following massive inflows recorded over the last month, according to a recent post from Bitwise CIO, Matt Hougan.

Bitcoin ETFs are bullish

Despite the high price volatility experienced over the past month, institutional demand has continued to peak, as spot Bitcoin ETFs recorded multiple consecutive days of inflows.

The inflows recorded by overall Bitcoin ETFs in May have surpassed $5.86 billion—an impressive surge signaling bullish optimism among institutional investors.

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According to data provided by Sosovalue, the massive rally experienced by Bitcoin ETFs throughout May didn’t extend through the month’s end, as the ecosystem saw an unusual outflow on May 30.

The data shows that Bitcoin ETFs posted a net outflow of $616.22 million on May 30. However, the multiple streaks of significant inflows throughout the month brought the ETFs’ cumulative total net inflows to a massive $44.37 billion as of May 30.

Despite the notable outflow on May 30, Bitcoin ETFs managed to attract $5.86 billion from institutional investors in May alone.

Source: Sosovalue 

Per the chart provided by Sosovalue, BTC ETFs amassed a massive $5.23 billion in monthly net inflows for May—almost double the $2.97 billion recorded in April. Impressively, this inflow has offset the $4.6 billion in outflows recorded between February and March, effectively recovering losses from both months combined.

Ethereum ETFs barely break half a billion

Although Ethereum ETFs have also maintained positive momentum with a net inflow of $564 million, they lag far behind their BTC counterparts by several billion dollars.

Despite some notable outflows during the month, this significant net inflow makes May the best-performing month for Ethereum ETFs in 2025 so far.

This notable surge positions May as one of the top-performing months for both Bitcoin and Ethereum ETFs, reflecting increased institutional interest and confidence in crypto-backed financial products.



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GameFi Guides

Fidelity, Ark Funds Pull In $343M As Bitcoin ETF Flows Spike

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In brief

  • Bitcoin ETFs saw their best day of trading since May 2 on Monday.
  • Fidelity’s Wise Origin Bitcoin Fund and the ARK 21Shares Bitcoin ETF accounted for more than half of inflows into BTC ETFs.
  • BlackRock’s iShares Bitcoin Trust continues to dominate as the single biggest player in the market, pulling in $305.9 million on Monday.

Bitcoin ETFs have seen their best day of trading since the start of May, with smaller funds enjoying healthy inflows.

Fidelity’s Wise Origin Bitcoin Fund (FBTC), the second-largest spot ETF in the U.S., saw its net assets rise by $188 million in just 24 hours, per data from SoSoValue.

Meanwhile, the ARK 21Shares Bitcoin ETF (ARKB)—in fourth place after the Grayscale Bitcoin Trust—clocked inflows of $155 million, with the two funds between them accounting for more than half of the funds invested across all spot BTC ETFs on Monday.

Total inflows for the day stood at $667.4 million, with Bitcoin trading above $100,000 for 12 consecutive days and securing its highest weekly close in history.

At time of publication, Bitcoin is trading at $105,137, up 2.1% on the day, per data from CoinGecko.

BlackRock’s IBIT dominates flows

As usual, BlackRock’s iShares Bitcoin Trust (IBIT)—which is bigger than Wall Street’s other 11 BTC ETFs combined—took the lion’s share of inflows, pulling in $305.9 million of investment yesterday. That takes IBIT’s total net assets to $66.9 billion, equivalent to about 3.2% of Bitcoin’s market capitalization.

Beyond BTC’s bullish momentum, hedge funds are seeking to capitalize on the difference between Bitcoin’s spot price and long-dated futures, with yields from the basis trade proving attractive.

IBIT’s inflows so far this year stand at $8.3 billion, making it the sixth-most popular fund on Wall Street, according to Bloomberg senior ETF analyst Eric Balchunas. That’s streets ahead of the SDPR Gold Trust in 17th place, despite the precious metal outperforming Bitcoin since the start of the year.

Also notable leaderboard action: $IBIT has climbed up to 6th spot and is now nearly DOUBLE the inflow into $GLD which has slid to 17th, despite gold doubling bitcoin’s performance YTD altho that prob won’t last. pic.twitter.com/HYTfC2SZZP

— Eric Balchunas (@EricBalchunas) May 19, 2025

While gold prices have accelerated by more than 22% so far in 2025—fueled by uncertainty over U.S. President Donald Trump’s tariffs—BTC’s gains currently stand at a more modest 12%.

One notable absence from the Bitcoin ETF space has been Vanguard, which has long regarded crypto as “more of a speculation than an investment” that doesn’t belong in investor portfolios.

Balchunas believes the asset management giant is unlikely to perform a U-turn and launch a fund of its own—but he suggested that Vanguard may allow existing ETFs to be traded on its platform if Bitcoin continues to rise.

Should Bitcoin’s price hit the $150,000-$200,000 price range, he wrote, “they gonna get sick of being asked about it by customers and their new CEO is one of IBIT’s parents.”

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