BlackRock ETF Surpasses $70 Billion AUM

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Published time: 6/10/2025, 8:00:15 AM (Asia/Tokyo)

📢 Important News

• On June 6, BlackRock's iShares Bitcoin Trust surpassed $70 billion in AUM in just 341 days, becoming the fastest ETF to achieve this milestone, significantly outpacing competitors. Interest in Bitcoin is rising beyond ETFs, with firms planning to raise up to $76 billion for acquisitions.
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• On June 9, Ripple announced grants of up to $200,000 for Japanese startups on the XRP Ledger, aiming to boost blockchain innovation. This includes community events and support for projects in decentralized finance and digital payments.
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• On March 7, Nasdaq proposed expanding its Crypto Index from five to nine assets, including XRP and SOL, allowing the Hashdex Nasdaq Crypto Index ETF to invest in these assets. A decision from the SEC is expected by November 2025.
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• Strategy acquired an additional 1,045 Bitcoin for $110.2 million from June 2 to June 8, 2025, raising its total to 582,000 BTC, valued at over $62 billion, with unrealized gains exceeding $21 billion.
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📊 Market

• On June 9, HTX withdrew 600 million USDT from Aave, causing the platform's USDT deposit rate to soar to 19.5%. This followed a previous withdrawal of 570 million USDT on June 5, which spiked borrowing rates to 30%. HTX later redeposited USDT, helping to normalize rates, highlighting volatility in the crypto market regarding Tether's stablecoin.
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• Bitcoin spot trading on centralized exchanges has dropped to its lowest in over four years, indicating a trend towards long-term accumulation. Current volumes resemble those from October 2020, suggesting holders are adopting a HODLing strategy, while transaction fees have decreased significantly.
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• Michael Saylor's MSTR acquired an additional 1,045 BTC for $110.2 million, raising its total Bitcoin holdings to 582,000. This purchase increased the average price of holdings to $70,086 per coin, with MSTR stock rising 2% in premarket trading due to Bitcoin's price increase.
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• Circle's stock surged to $138.27, boosting its market cap to over $27 billion, spurred by strong investor interest in the stablecoin sector. However, analysts warn of potential valuation issues and slowed earnings growth, especially with anticipated Federal Reserve rate cuts.
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• Matrixport reported a surge of Wall Street funds into crypto stocks following Circle's IPO valuation rise to $24 billion, surpassing Coinbase's acquisition offer. Despite this, Bitcoin funding rates have declined, indicating mixed investor sentiment.
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⚖️ Policy & Regulation

• On June 9, 2025, the DeFi Education Fund announced the inclusion of the Blockchain Regulatory Certainty Act in the CLARITY Act, promoting protection for non-custodial technology developers and balancing regulations for custodial institutions. This legislative change is crucial for the future of decentralized finance.
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