Good morning Asia. This is what is making news in the markets:
Welcome to Asia Morning Briefing, a daily summary of top news during US time and an overview of market movements and analysis. For a detailed overview of the US markets, see CoinDesk’s Crypto Daybook Americas.
Bitcoin ETFs broke a two-week redemption streak at the end of Tuesday US time, with early data showing a net inflow of $299.8 million as investors poured back into cryptocurrency-linked products.
SoSoValue data shows Fidelity’s FBTC raised $165.9 million, while Ark 21Shares (ARKB) added $102.5 million and Grayscale’s BTC raised $24.1 million with others yet to report at press time.
The change marks a notable contrast to CoinShares data from last week, which recorded $1.17 billion in outflows from digital asset investment products.
Bitcoin-listed products in the US recorded $932 million in redemptions, while Ether equivalents lost $438 million. By comparison, European markets continued to attract capital, with inflows of $41 million in Germany and $50 million in Switzerland, suggesting longer-term positioning outside the United States.
Altcoins, however, continue to buck the trend. Solana recorded another $118 million in inflows last week, bringing its nine-week total to $2.1 billion, while HBAR and Hyperliquid posted smaller but steady gains, according to CoinShares data.
The pattern points to investors differentiating between core assets under macro pressure and emerging networks that still see on-chain momentum.
Kraken global economist Thomas Perfumo said Bitcoin’s fundamentals remain intact despite short-term volatility.
“In approximately seven days, Bitcoin’s circulating supply will exceed 19.95 million coins, 95% of its peak supply of 21 million coins,” he wrote in a note provided to CoinDesk. The milestone underscores Bitcoin’s programmable scarcity and its long-term role as a “credibly neutral and globally accessible store of value.”
While short-term price action continues to track US liquidity expectations, Perfumo added that Bitcoin’s hard money design and growing adoption drive long-term value accumulation.
Institutional investors appear to be reflecting that view: buying dips through ETFs, trimming exposure to high-beta assets and maintaining allocations to what is increasingly seen as a structural portfolio asset rather than a speculative trade.
Market movement
BTC: Bitcoin rose 1.4% to around $103,000, recouping some of last week’s losses as ETF inflows and easing macroeconomic fears lifted sentiment.
ETH: Ethereum gained 2.1% to $3,424, outperforming Bitcoin as traders shifted to large companies after two weeks of fund outflows.
Gold: Gold was trading at $4,134.6, near record highs, as economist James Thorne warned that the United States had crossed a fiscal “Rubicon” that could trigger a “Bretton Woods 2.0” reset that would revalue gold to manage debt, while Barrick Mining’s $1.3 billion quarterly profit and dividend increase underscored how rising bullion prices are transforming the global financial landscape.
Elsewhere in Crypto
- Ethereum is ‘the infrastructure’ for Wall Street, says former BlackRock executive (CoinDesk)
- Taurus and Stellar are chosen for a tokenized clean energy financing pilot in Spain (The Block)
