Data: A total of 72.6 million WLFI transferred out from anonymous addresses, valued at approximately $7.79 million.

Tiger Research: Bitcoin ETF rise as traditional finance moves in and eats up market share from exchanges

The report points out that traditional financial institutions are rapidly moving into the cryptocurrency market, creating competitive pressure on exchanges. With the rollout of spot Bitcoin ETFs, investors are increasingly favoring bank and securities products, leading to decreased exchange trading volume and layoffs. If an exchange doesn’t offer unique services, it will be difficult to survive. The trend toward the integration of traditional finance and the crypto industry is also strengthening, and exchanges worldwide face challenges.

BlackRock’s Bitcoin ETF has daily trading volume as high as $18 billion, rivaling leading CEXs.

BlackRock’s iShares Bitcoin Trust (IBIT) has seen a surge in daily trading volume, making it the leader in U.S. spot trading volume. Although there has been overall ETF fund outflow, IBIT’s trading activity indicates that institutional investors are paying closer attention to the crypto market, reflecting intensifying competition between traditional finance and digital assets. In the future, Bitcoin prices and economic signals will influence ETF fund flows.

Nakamoto Holdings keeps selling Bitcoin to maintain operations, while Metaplanet has been increasing its holdings against the trend, showing institutional confidence.

This week, Nakamoto Holdings sold part of its Bitcoin to maintain operations, drawing market attention. Analysts noted that digital asset management companies that rely on asset accumulation face pressure, while Japan’s Metaplanet continues to steadily increase its Bitcoin holdings, showing a firm buying strategy. Market developments still need to be monitored regarding the company’s operations and capital allocation.

XRP Holds Ground as Inflows Rise but Price Trails Highs

Key Insights: XRP trades about 60% below its peak despite steady ETF inflows, reflecting a gap between improving fundamentals and current market valuation levels. Institutional exposure through XRP ETFs reached 1.1 billion dollars, yet analysts say inflow scale remains too small to

Riot sold 3,778 bitcoins in the first quarter, cashing out nearly $300 million, with its holdings down 18% year over year

Bitcoin miner Riot Platforms sold 3,778 BTC in the first quarter of 2026, raising nearly $290 million in cash and reducing its holdings by about 18%. Several mining companies have cut their positions as well, reflecting rising funding pressure. Despite weakening market demand, some institutions are still accumulating Bitcoin, indicating that demand is concentrating toward participants with stronger financial capacity. In the short term, the price trend will be influenced by the clash between supply and demand.

Grayscale files a TAO trust S-1 amendment, advancing the institutional holdings path

Grayscale has filed an S-1 amendment for its Bittensor (TAO) trust with the U.S. Securities and Exchange Commission, a vehicle that allows investors to gain TAO exposure in the form of securities. The trust carries risks of premium/discount and liquidity restrictions, and has not yet met its goal of tracking the TAO price. This filing could be an important step toward a regulated investment product or an ETF. As attention to technical breakthroughs in the Bittensor ecosystem grows, institutional demand is also increasing.