Ethereum spot ETFs saw $528M inflows in one week, led by BlackRock and Fidelity, signaling rising institutional confidence in ETH.
Meme coin LABUBU soared past $55M market cap, fueled by pop culture hype despite lacking licensing or transparency.
Vietnam passed a law to legalize and regulate crypto assets, positioning itself as a Southeast Asian crypto innovation hub.
ETHEREUM SPOT ETFS SEE FIVE WEEKS OF INFLOWS
From June 9 to 13, Ethereum spot ETFs recorded a net inflow of $528 million, marking the fifth consecutive week of positive inflows.
None of the nine ETFs reported net outflows. BlackRock’s ETHA led the inflows with $381 million during the week, bringing its total net inflow to $5.24 billion. Fidelity’s FETH followed with $78.49 million weekly net inflow, totaling $1.59 billion to date.
As of now, the total assets under management (AUM) of Ethereum spot ETFs have reached $10.03 billion, representing 3.26% of Ethereum’s total market capitalization. The sustained inflow reflects institutional confidence in ETH and growing market maturity.
With Ethereum’s expanding use cases in DeFi and NFTs, the presence of spot ETFs may continue to enhance market demand and strengthen the asset’s network effect.
Analysis:
The consistent inflows suggest that institutional players are increasingly treating ETH as a long-term asset. The dominance of firms like BlackRock and Fidelity indicates growing alignment between traditional finance and crypto markets.
If regulatory clarity continues to improve, ETFs could become a primary vehicle for ETH price appreciation.
LABUBU MEME COIN SURGES PAST $55 MILLION MARKET CAP
On June 16, LABUBU, a meme coin inspired by Pop Mart’s collectible character Labubu, exceeded a market cap of $55.03 million with a 24-hour price surge of over 54%, according to GMGN.
The character enjoys substantial popularity in Asia and has been promoted through celebrity channels including BLACKPINK’s Lisa and members of the Thai royal family.
The coin’s explosive growth reflects how meme coins can leverage cultural IP and social media virality to drive momentum.
Labubu’s strong global fanbase, combined with TikTok and Instagram trends, has helped turn the character’s popularity into speculative demand in crypto markets. However, the coin lacks official licensing, a whitepaper, or a known development team.
Analysis:
While LABUBU demonstrates the power of merging pop culture with crypto speculation, it also carries high risk.
The absence of transparency or fundamentals makes it highly vulnerable to volatility and typical meme coin boom-bust cycles. Investors should be cautious and avoid chasing short-term hype.
VIETNAM LEGALIZES CRYPTO ASSETS UNDER NEW DIGITAL TECHNOLOGY LAW
On June 14, the Vietnamese National Assembly approved the Law on Digital Technology Industry, officially recognizing and regulating crypto assets.
The law will take effect on January 1, 2026. It defines digital assets as those verified through encryption or similar digital technologies and categorizes them into “virtual assets” and “crypto assets.”
This is Vietnam’s first legislative move to bring crypto into a formal legal framework. The law aims to regulate the creation, issuance, storage, and transfer of such assets.
With around 17 million crypto users and $16 billion in remittances processed in 2024, Vietnam is a leading DeFi market in Southeast Asia.
Analysis:
Vietnam’s legalization of crypto represents a pivotal shift from regulatory ambiguity to legal clarity. It opens the door for increased investment, entrepreneurship, and blockchain adoption.
Given its large user base and growing remittance volumes, Vietnam may emerge as a regional hub for crypto innovation.
〈CoinRank Crypto Digest (6/16)｜Labubu Meme Coin Surges Past $55 Million Market Cap〉這篇文章最早發佈於《CoinRank》。
