Tokenised Equities Reached a New Daily Trading Volume Record
BTC remained range-bound around $76–77K while spot Bitcoin ETFs saw a third consecutive day of outflows, keeping crypto sentiment cautious.
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In Today’s Note
BTC stayed range-bound around $76K–$77K, while spot Bitcoin ETFs recorded their third consecutive day of outflows.
US equities fell and global bond yields climbed, with long-end yields in the US, Japan and UK reaching multi-year highs as US–Iran tensions remained unresolved.
Tokenised equity volumes hit a new daily record, while the White House ordered regulators to review fintech and digital asset banking access, Polymarket launched private-company prediction markets, Yorkville shifted its ETF strategy to a ’40 Act structure, and South Carolina signed a new state-level crypto framework into law.
Market Snapshot: Overnight Moves
Macro & Markets
BTC has continued to trade around the $76-77K region over the past 24 hours, while Spot Bitcoin ETFs marked their third consecutive day of outflows.
The latest downturn in risk appetite across both crypto and US equity markets has occurred alongside a continued bout of weakness in global bond markets which has seen government bond yields reach multi-year highs.
The S&P 500 posted its longest losing streak since the end of March, ending yesterday’s session down 0.67%, while the Nasdaq-100 index closed -0.61%.
At the long end of the US treasury yield curve, 30-year yields rose to 5.18%, a high last seen back in 2007, driven by increased concerns of the inflation fallout from the Middle East conflict.