Damit die SEC und Ripple in ihrem Berufungsverfahren Zeit für Verhandlungen haben, erlaubt das Gericht eine 60-tägige Verfahrenspause.
Why Bitcoin ETFs are seeing outflows even as BTC price recovers
- $812M has left Bitcoin ETFs in April despite Bitcoin price recovery post‑tariff pause.
- Institutions are shifting to bonds and AI/tech funds amid risk‑off sentiment.
- Regulatory delays and media FUD also fuel cautious ETF positioning.
Bitcoin ETFs have registered significant fund withdrawals even as spot Bitcoin (BTC) price regained ground following President Trump’s 90‑day suspension of reciprocal tariffs.
The temporary tariff relief helped stabilize global markets, fueling a Bitcoin price rebound that saw it climb back toward the mid‑$80,000s.
However, institutional investors have continued to pull money out of spot Bitcoin ETFs, culminating in a dramatic $171.10 million net outflow on April 17, according to Coinglass data.
The most affected ETFs are Fidelity’s FBTC and ARK Invest’s ARKB, each of which has seen over $113 million in outflows.
BlackRock’s IBIT, however, continues to enjoy modest inflows with $30.60 million inflows as of April 17, 2025.
Bitwise’s BITB, VanEck’s HODL, and Grayscale Bitcoin Mini Trust ETF (BTC) have also weathered the storm with $12.8M, $6.7M, $2.4M, and $3.4M inflows respectively.
Month‑to‑date flows show that more than $800 million departed Bitcoin ETFs in early April, following $767 million in March.
This extended streak of weekly outflows eclipses even the heaviest withdrawal phases seen since these products debuted in January 2024.
Why the huge Bitcoin ETFs outflows?
Notably, this trend underscores a broader risk‑off sentiment among professional investors reluctant to reallocate capital into volatile digital assets.
Surging US interest rates have rendered government bonds more appealing, prompting capital rotation out of crypto ventures.
Concurrently, profit‑taking after Bitcoin’s late‑2024 rally motivated holders to crystallize gains, dampening demand for ETF exposure.
Investors are also contending with fractured regulatory signals, as promised crypto‑friendly legislation remains stalled in Congress.
Confusion surrounding token unlock schedules for structured Bitcoin products exacerbates fears of sudden supply surges.
Moreover, strong inflows into AI and tech‑focused exchange‑traded funds have lured momentum‑driven capital away from crypto.
Persistent media rhetoric around a “Bitcoin ETF exodus” further compounds negative sentiment and amplifies withdrawal pressures.
Bitcoin miners have also felt the squeeze, with March profitability down 7.4% as average fees and prices cooled although leading miners like Marathon Digital and CleanSpark maintained robust production and expanding hash rates despite shrinking margins.
Tax‑loss harvesting strategies and quarter‑end portfolio rebalancing have also applied technical selling pressure on ETF shares.
The interplay of these forces paints a nuanced picture: spot Bitcoin prices can recover while ETF flows simultaneously languish.
Investors now face a delicate balancing act between capturing crypto’s upside potential and managing exposure to its inherent volatility.
A weaker US dollar amid shifting Federal Reserve forecasts has provided some tailwind for Bitcoin valuations in recent weeks.
However, the comparative stability and yield of US Treasuries continue to attract institutional allocations away from high‑beta crypto instruments.
As the market digests these divergent signals, the tug of war between price recovery and Bitcoin ETFs fund outflows may define next Bitcoin (BTC) maturation phase.
The post Why Bitcoin ETFs are seeing outflows even as BTC price recovers appeared first on CoinJournal.
FTT leads Binance delisting vote with 11.1% of community support
- Voting ran from April 10 to April 16, 2025.
- ZEC and JASMY followed with 8.6% of the votes each.
- Binance says votes won’t be sole factor for delisting.
FTT, the native token of collapsed exchange FTX, is facing renewed pressure as it topped Binance’s second “Vote to Delist” round with 11.1% of the community votes.
The vote, which ran from April 10 to April 16, 2025, forms part of Binance’s broader governance programme, allowing users to weigh in on tokens marked with a Monitoring Tag.
These tokens are deemed to carry greater risk or volatility, prompting deeper internal evaluations by Binance. While voting results alone do not determine delistings, they significantly influence the exchange’s decision-making process.
The token has seen persistent downward momentum since the beginning of the year, and its association with FTX’s collapse in November 2022 continues to cloud investor confidence.
At the time of writing, FTT was trading at $0.80, down 4.1% in the past 24 hours, with its latest decline echoing sentiment-driven selloffs seen in the first round of voting.
Source: CoinMarketCap
Binance expands governance tools
Binance’s “Vote to Delist” initiative is aimed at improving transparency and strengthening user participation in governance. It targets assets flagged with Monitoring Tags, typically due to liquidity concerns, regulatory risks, or large price swings.
Although community sentiment plays a key role, Binance has clarified that delisting decisions are not solely determined by voting outcomes.
“The voting result will not be the sole deciding factor to determine the final delisting decision,” Binance stated on its Square platform.
The review process will also consider internal metrics and compliance standards, and any final decision may be delayed depending on procedural requirements.
FTT’s leading position among 17 tokens included in the second voting round suggests a strong community preference for removal, reinforcing the market’s wariness of its long-term viability.
Altcoins face price drops, delisting risk
Other tokens also registered notable levels of concern. Zcash (ZEC) and JasmyCoin (JASMY) each received 8.6% of the votes, reflecting increasing user doubt despite their historical popularity.
GoPlus Security (GPS) followed with 8.2%, while PlayDapp (PDA) came in at 7.6%. Voxies (VOXEL), Alpaca Finance (ALPACA), and STP Network (STPT) also featured prominently, with 7.1%, 6.3%, and 5.9% of the votes, respectively.
Price data shows these tokens have begun to react to the voting results. JASMY and STPT both dropped around 6% over the past 24 hours, with several other coins showing more modest declines.
For instance, VOXEL, PDA, and ALPACA all posted red candles, suggesting investor anxiety may extend beyond FTT.
Also included on the list were Flamingo Finance (FLM) with 4.3%, ARK (5.8%), Biswap (BSW) with 5.5%, and MovieBloc (MBL) at 4.2%.
Smaller vote shares were seen for Wing Finance (WING) at 3.8%, Ardor (ARDR) at 3.6%, and Perpetual Protocol (PERP) at 3.4%. NKN and LTO Network closed the list with 3.2% and 2.9% of the votes, respectively.
Market awaits Binance decision on FTT
While Binance’s final delisting decisions are pending, the data signals a clear community trend away from tokens viewed as unstable or compromised.
Market participants are expected to monitor Binance’s review process closely, particularly for tokens like FTT and JASMY, which continue to attract regulatory and public scrutiny.
The exchange has not announced a firm delisting timeline and reiterated that internal reviews are still in progress.
However, the market impact has already materialised, with sharp short-term price declines and trading volumes showing volatility across the affected tokens.
With this round of votes concluded, Binance’s next steps could set a precedent for how much influence community feedback will hold in shaping the platform’s asset offerings moving forward.
The post FTT leads Binance delisting vote with 11.1% of community support appeared first on CoinJournal.
Crypto market sheds $633.5B in Q1 2025 as Trump rally momentum fades
- Bitcoin’s market share rose to 59.1% despite falling 11.8%.
- Ethereum’s 2024 gains wiped out in Q1 2025.
- DeFi TVL fell 27.5% across multichain platforms.
The global cryptocurrency market started 2025 with optimism, fuelled by expectations of favourable policy shifts under Donald Trump’s presidency and a strong rally across meme coins.
But those hopes have since been dashed. According to CoinGecko’s latest quarterly report, crypto’s total market capitalisation fell 18.6% in Q1 2025, wiping out $633.5 billion in value.
Trading volumes also took a hit. The report shows that average daily trading volume fell 27.3% compared to the previous quarter. Spot trading on centralised exchanges declined 16.3%, a drop that was partly attributed to the Bybit hack earlier this year.
Despite signs of strength in early January, recession concerns and fragmented investor interest led to a broad sell-off across digital assets.
Bitcoin outperforms altcoins but still falls 11.8%
Bitcoin retained its dominance over the broader market in Q1, accounting for 59.1% of the total crypto market cap — its highest level since 2021.
This shift highlights how investors have treated Bitcoin as a relatively more stable asset compared to altcoins during uncertain periods.
However, Bitcoin itself was not immune to losses. It declined 11.8% during the quarter and underperformed traditional safe havens like gold and US Treasury bonds.
The report also noted that Trump’s newly imposed tariffs triggered volatility in the bond market, impacting yields — a key metric closely linked to digital asset flows.
Ethereum saw an even sharper reversal. It gave up all of its 2024 gains, returning to levels last seen before its Shanghai upgrade. The report attributed this trend to declining decentralised finance (DeFi) activity and persistent concerns around gas fees and scalability.
DeFi TVL and Solana activity decline sharply
Multichain DeFi protocols suffered significantly, with total value locked (TVL) falling 27.5% over the three-month period.
Solana, which led the decentralised exchange (DEX) trading space during the meme coin frenzy in January, saw its own TVL drop by more than 20%.
CoinGecko’s data indicates that market excitement around Trump-themed tokens, particularly the TRUMP coin on Solana, sparked a temporary spike in transaction volumes. However, this activity failed to sustain investor interest beyond January.
The LIBRA scandal, which emerged shortly after, added further pressure on altcoin sentiment and liquidity.
Despite these setbacks, Bitcoin exchange-traded funds (ETFs) recorded $1 billion in fresh inflows in Q1.
But the total assets under management (AUM) across these ETFs still fell by nearly $9 billion due to declining prices, highlighting the gap between investment inflows and market returns.
Structural concerns deepen
While some data points suggested limited resilience, nearly every positive trend in the report was accompanied by a downside risk.
The report shows that centralised exchanges, stablecoin volumes, and DeFi applications all registered lower activity in February and March. Many projects lost traction as macroeconomic concerns mounted and investor caution grew.
CoinGecko noted that the first quarter of 2025 represents one of the most challenging periods for crypto since the FTX collapse in late 2022.
The report reflects broader market concerns that the crypto sector, despite structural improvements in infrastructure and compliance, remains deeply vulnerable to global economic shocks.
As recession fears take hold and regulatory uncertainties continue to loom in major markets, the path forward for crypto in the coming months remains highly uncertain.
Although Bitcoin’s rising market share signals a flight to perceived safety, the broader market may need more than optimism and meme coin rallies to recover from this quarter’s losses.
The post Crypto market sheds $633.5B in Q1 2025 as Trump rally momentum fades appeared first on CoinJournal.
Ondo Finance price crashes 60% as altcoin market loses $650B
- Altcoin market cap falls from $1.6T to $950B in four months.
- Ondo partners with BlackRock, PayPal, Google Cloud.
- Token holds $0.82 but risks drop to $0.70 level.
The cryptocurrency market has entered a pronounced bearish phase, with Coinbase’s April 15 market review confirming a 41% drop in the altcoin market capitalisation.
From a high of $1.6 trillion in December 2024, altcoins now stand at $950 billion, wiping out $650 billion in value.
This downturn has triggered steep declines across the board, particularly for projects that had previously gained institutional traction.
Ondo Finance’s native token, $ONDO, has been one of the hardest hit, falling over 60% from its peak.
The slump comes despite the platform’s expanding real-world asset (RWA) strategy and rising visibility in both corporate and political circles.
While broader macroeconomic pressures and declining risk appetite are weighing heavily on crypto valuations, the case of Ondo highlights the disconnect between market performance and underlying adoption trends.
As institutional partners and high-profile endorsements continue to back the protocol, questions remain about whether this divergence is temporary—or a reflection of deeper liquidity concerns in the tokenised asset space.
Ondo builds RWA network
Ondo Finance, launched in 2021, has become a key player in the RWA sector. The platform aims to bring institutional-grade financial instruments like US Treasuries, bonds, and money market funds to the blockchain.
In February, the project launched its own Layer-1 blockchain focused on RWA tokenisation. It announced collaborations with Google Cloud, BlackRock, PayPal, Franklin Templeton, WisdomTree, and McKinsey.
Despite this momentum, $ONDO is currently trading at $0.8219—down over 60% from its December high. Its broader market structure remains bearish, with price action consistently below the 20, 50, and 200 simple moving averages (SMAs).
Trump-linked backing
Along with corporate partnerships, Ondo has recently attracted political attention. Donald Trump Jr. appeared at the Ondo Finance Summit, and World Liberty Financial—affiliated with the Trump family—invested $460,000 in $ONDO one week before the event.
While this support gained media attention, it hasn’t reversed the market trend.
Ondo also joined Mastercard’s Multi-Token Network (MTN), introducing the Ondo Short-Term US Treasuries Fund (OUSG) as the network’s first tokenised asset.
This move marks a step towards integrating RWAs into mainstream finance, potentially challenging traditional offerings from major asset managers.
$ONDO tests key support
Technically, $ONDO is clinging to support between $0.81 and $0.82, with the 100-period SMA at $0.8161. The token has faced repeated rejections between $0.88 and $0.90—an area of previous institutional interest—pointing to continued resistance at the top.
A breakdown below this support band could send the token toward $0.75–$0.77, or possibly to $0.70, which served as a rebound point in early Q1. These zones remain critical in assessing near-term downside risk.
Nonetheless, the Ondo Global Markets GM platform has helped the protocol cross $1 billion in total value locked (TVL) as of March. Daily trading volume has topped $300 million, with annualised revenue at $6 million, according to DeFiLlama.
Partnerships with high-growth networks like Aptos—which itself has crossed $1 billion in stablecoin TVL—further anchor Ondo within the decentralised finance space.
The short-term picture remains bearish, but with deep integrations across both financial and political sectors, Ondo continues to position itself for long-term relevance in the institutional crypto ecosystem.
The post Ondo Finance price crashes 60% as altcoin market loses $650B appeared first on CoinJournal.