U.S. spot Bitcoin ETFs recorded $79.1 million in net inflows on July 16, while spot Ethereum ETFs saw $28 million in net outflows.
Bitcoin fell below $63,000 after a new U.S. strike on Iran and renewed uncertainty around U.S.-China relations pressured risk assets.
Ether declined more sharply than Bitcoin as the chip-sector trade unwound, while HYPE dropped nearly 10% and broader crypto momentum weakened.
Morgan Stanley’s E*TRADE launched spot crypto trading through Zero Hash, allowing eligible retail clients to buy, sell and hold Bitcoin, Ethereum and Solana.
Citadel Securities invested $400 million in Crypto.com at a $20 billion valuation, with the exchange planning to use the funding to expand tokenized securities and derivatives operations.
Visa launched a stablecoin platform that lets banks and fintech companies issue, manage and settle digital dollars through its payments network.
Bitcoin is trading around $62,878, while Ethereum is trading around $1,830.
The Fear and Greed Index stands at 27, indicating fear in market sentiment.
