Good morning, Asia. Here’s what’s making news in the markets:
Welcome to the Asia Morning Briefing, a daily overview of top stories in US hours and an overview of market movements and analysis. For a detailed overview of US markets, see CoinDesk’s Crypto Daybook Americas.
Bitcoin ETFs snapped a two-week streak of redemptions by the end of the day Tuesday US time, with early data showing net inflows of $299.8 million as investors rotated back into crypto-linked products.
Data from SoSoValue shows that Fidelity’s FBTC brought in $165.9 million, while Ark 21Shares (ARKB) added $102.5 million and Grayscale’s BTC saw $24.1 million, while others were yet to report by press time.
The shift marks a notable contrast to last week’s data from CoinShares, which recorded $1.17 billion in outflows from digital asset investment products.
Bitcoin-listed products in the US saw $932 million in redemptions, while Ether equivalents lost $438 million. In comparison, European markets continued to attract capital with inflows of $41 million in Germany and $50 million in Switzerland, suggesting a long-term positioning outside the US
However, Altcoins continue to buck the trend. Solana recorded another $118 million in inflows last week, bringing its nine-week total to $2.1 billion, while HBAR and Hyperliquid posted smaller but steady gains, according to CoinShares’ data.
The pattern points to investors distinguishing between core assets under macro pressure and new networks still seeing on-chain momentum.
Kraken global economist Thomas Perfumo said Bitcoin’s fundamentals remain intact despite short-term volatility.
“In approximately seven days, Bitcoin’s circulating supply will cross 19.95 million coins, 95% of its maximum supply of 21 million coins,” he wrote in a note provided to CoinDesk. The milestone underscores Bitcoin’s programmable scarcity and its long-term role as a “credibly neutral, globally accessible store of value.”
While short-term price action continues to track US liquidity expectations, Perfumo added that Bitcoin’s hard-money design and growing adoption are driving long-term value growth.
Institutional investors appear to reflect this view: buying dips through ETFs, trimming exposure to high-beta assets and maintaining allocations in what is increasingly seen as a structural portfolio asset rather than a speculative trade.
Market movement
BTC: Bitcoin rose 1.4% to around $103,000, recovering some of last week’s losses as ETF inflows and easing macro fears lifted sentiment.
ETH: Ethereum rose 2.1% to $3,424, outperforming Bitcoin as traders rotated to the majors after two weeks of fund outflows.
Gold: Gold traded at $4,134.6, near record highs, as economist James Thorne warned the U.S. has crossed a fiscal “Rubicon” that could trigger a “Bretton Woods 2.0” reset that revalues gold to manage debt, while Barrick Mining’s $1.3 billion quarterly profit and dividend increase underscored how the increasingly global financial landscape is changing.
Elsewhere in Crypto
- Ethereum Is The ‘Infrastructure’ For Wall Street, Says Former BlackRock Executive (CoinDesk)
- Taurus, Stellar Embarked on Tokenized Clean Energy Financing Pilot in Spain (The Block)
