Public companies added $196M in BTC despite ETF outflows, signaling strong institutional conviction in Bitcoin’s long-term value.
Pendle surpassed $50B in trading volume and $4.43B TVL, with fixed-term tokens selling out and new products launching in H2 2025.
Spot Ethereum ETFs saw $286M in weekly inflows, led by BlackRock and Fidelity, showing rising institutional interest in ETH despite Grayscale outflows.
PUBLIC COMPANIES ADD $196M IN BTC AMID ETF OUTFLOWS
According to data from SoSoValue, publicly listed companies (excluding mining firms) globally recorded a net Bitcoin inflow of $196 million last week, while Bitcoin ETFs saw a net outflow of $157 million during the same period.
Strategy continued its accumulation streak for the eighth consecutive week, investing $75 million to purchase 705 BTC at an average price of $106,495, bringing its total holdings to 580,955 BTC.
MetaPlanet also made a major purchase last week, investing $117 million to acquire 1,088 BTC at an average price of $107,771, raising its total holdings to 8,888 BTC.
Additionally, Gamestop disclosed its Bitcoin holdings for the first time, revealing that it holds 4,710 BTC as of May 28, though the purchase cost and acquisition price were not disclosed.
As of the latest update, all listed companies in the dataset (excluding mining firms) collectively hold 636,960 BTC, worth approximately $66.35 billion at current market prices, accounting for around 3.2% of Bitcoin’s circulating market cap.
ANALYSIS:
Institutional interest in Bitcoin remains resilient despite ETF outflows, as shown by continued purchases from companies like Strategy and MetaPlanet. Gamestop’s entry adds further evidence of growing corporate exposure to BTC.
This divergence—ETF outflows but direct buying—may reflect a shift in investor preference for holding spot assets rather than ETF shares.
The sustained accumulation trend, particularly from firms with long-term strategies, underscores the view of Bitcoin as a store of value amid inflation and market uncertainty.
PENDLE HITS $50B VOLUME, $4.43B TVL IN DEFI SURGE
According to Pendle co-founder TN Lee, the platform has surpassed $50 billion in cumulative trading volume, with total value locked (TVL) reaching $4.43 billion—signaling robust growth.
Despite heightened market volatility, Pendle achieved key milestones in the first half of 2025. Demand surged for fixed-term tokens (PTs) such as PT-eUSDe (Aug 2025) and PT-USDe (July 2025), both of which sold out within hours after quota increases.
Pendle’s PTs now have a total supply of $1.32 billion on Aave. The platform’s upcoming margin yield trading platform “Boros” and “Citadels” are scheduled to launch in the second half of 2025.
PENDLE is currently trading at $4.30, representing a gain of more than 130% from its early March low. With a market cap of $1.188 billion, it ranks 72nd in the global crypto market.
ANALYSIS:
Pendle’s growth highlights the increasing appeal of yield-bearing DeFi products. The rapid sell-out of PTs suggests strong user appetite for fixed-income DeFi instruments—especially as traditional markets remain uncertain.
The upcoming Boros platform and Citadels initiative could further enhance Pendle’s ecosystem and attract institutional DeFi users. With price momentum and increasing TVL, PENDLE is positioning itself as a key player in next-gen DeFi infrastructure.
SPOT ETHEREUM ETFS RECORD THIRD WEEK OF INFLOWS
According to Farside data, spot Ethereum ETFs recorded a net inflow of $286 million last week, marking the third consecutive week of positive flows. BlackRock’s ETHA led all ETFs with $206 million in weekly inflows, bringing its historical total to $4.61 billion.
Fidelity’s FETH followed with $67.37 million, pushing its lifetime net inflow to $1.51 billion.
The only major outflow came from Grayscale’s ETHE, which saw $4.62 million exit last week. ETHE has now recorded cumulative net outflows of $4.29 billion.
As of reporting time, the total net asset value of all spot Ethereum ETFs is $9.45 billion, with an ETF market share of 3.04% of Ethereum’s total market cap. Total historical net inflows have reached $3.05 billion.
ANALYSIS:
The continued inflows into spot Ethereum ETFs reflect growing institutional confidence in ETH. While Grayscale continues to lose assets, products from BlackRock and Fidelity are gaining traction—suggesting a reshuffling of institutional preferences.
As capital flows into Ethereum-linked products accelerate, this signals rising long-term conviction in ETH’s utility and monetary value.
Price-wise, ETH’s repeated pullbacks near $2,700 suggest that level is acting as a short-term resistance zone. If capital inflows persist, ETH may soon test and potentially break that ceiling.
〈CoinRank Crypto Digest (6/03)｜Spot Ethereum ETFs Record Third Week of Inflows〉這篇文章最早發佈於《CoinRank》。
