Category: Bitcoin News

Crypto investment products failed to attract enough inflows last week to reverse negative sentiment, clocking a fourth consecutive week of outflows. Crypto exchange-traded products (ETPs) recorded another $173 million in outflows last week, following the previous week’s $187 million, according to a CoinShares fund flows update on Monday. Although the last two weeks brought relatively minor losses, total outflows over the past four weeks now amount to around $3.8 billion, while total assets under management (AUM) sit near $133 billion, the lowest since April 2025. CoinShares’ head of research, James…

Businessman and TV personality Kevin O’Leary has won a multi-million-dollar defamation lawsuit against crypto influencer Ben Armstrong, also known as “Bitboy.” Miami federal judge Beth Bloom on Friday ordered Armstrong to pay almost $2.83 million in damages to O’Leary over a series of social media posts accusing the Shark Tank star of being a murderer. O’Leary and his wife, Linda, were in a boating accident in 2019 that resulted in two deaths when their boat struck another. Armstrong accused O’Leary of murder in multiple X posts in March 2025, claiming…

Crypto asset manager Grayscale filed for regulatory approval to convert its trust tracking the token of the decentralized lending protocol Aave into an exchange-traded fund (ETF). The company filed a Form S-1 registration statement with the Securities and Exchange Commission on Friday, saying it intends to convert the trust and rename it the Grayscale Aave Trust ETF. Grayscale added that it is looking to launch the fund on NYSE Arca, one of the most popular exchanges for trading ETFs, under the ticker “GAVE.” It will have a fee of 2.5%,…

ARK Invest has returned to buying shares of Coinbase Global after trimming its position, adding roughly $15 million worth of stock across several of its actively managed exchange-traded funds (ETFs) on Friday. The Cathie Wood-led asset manager purchased 66,545 Coinbase shares through the ARK Innovation ETF (ARKK), 16,832 shares through Next Generation Internet ETF (ARKW) and 9,477 shares through Fintech Innovation ETF (ARKF), according to the firm’s daily trade disclosures. The buying activity coincided with a sharp surge in Coinbase stock. Shares closed the trading session at $164.32, up about…

Bitcoin (BTC) was once pitched as digital gold — a hedge against monetary instability and market turmoil. But recent price action tells a different story. As institutional participation has grown, particularly through exchange-traded funds and other traditional vehicles, Bitcoin has increasingly traded in lockstep with risk assets. The latest downturn in software stocks, fueled by renewed uncertainty around AI’s impact on the sector, has been mirrored in crypto markets, raising fresh questions about Bitcoin’s evolving identity. That changing dynamic sets the tone for this week’s Crypto Biz. New research from…