Autor Cointelegraph By Helen Partz

US spot Bitcoin exchange-traded funds (ETFs) posted their largest daily outflow since January as Bitcoin struggled to hold the $80,000 level after a sharp rebound from April lows.Bitcoin (BTC) funds recorded $635.2 million in outflows on Wednesday, extending $233.3 million in outflows from the previous trading session, according to SoSoValue data.So far, weekly outflows stand at $841.2 million, putting ETFs on track for their first week of net losses after six consecutive weeks of gains totaling around $3.4 billion.Weekly spot Bitcoin ETF flows since March 27 (May 13 week incomplete). Source: SoSoValueThe volatility comes as Bitcoin continues to swing around $80,000, repeatedly slipping below and reclaiming the level, with analysts pointing to profit-taking pressure following a 37% rally from April lows.The biggest daily outflow since late JanuaryThe fresh outflows mark the largest daily Bitcoin ETF withdrawal since Jan. 29, when the funds posted about $818 million in losses in a single day.BlackRock’s iShares Bitcoin Trust (IBIT) led losses with roughly $285 million in outflows, according to Farside data. The ARK 21Shares Bitcoin ETF (ARKB) and Fidelity Wise Origin Bitcoin Fund (FBTC) followed with $177 million and $133.2 million, respectively.Morgan Stanley’s Bitcoin Trust ETF (MSBT) posted no outflows on Wednesday and recorded about $6 million in inflows on Tuesday. The fund has not seen any outflows since its April 8 launch and has accumulated roughly $256 million to date.Altcoin funds: Ether joins the selling, Solana and HYPE lead inflowsThe negative trend has continued in Ether (ETH) ETFs, which saw $36.3 million of outflows on Wednesday, bringing weekly outflows to roughly $184 million so far.Solana (SOL)-linked funds led the positive trend with around $6 million in inflows, putting week-to-date gains at $51.6 million. Hyperliquid (HYPE)-linked funds saw inflows of $1.36 million on their debut on Tuesday, bringing cumulative net inflows to $2.52 million.Related: JPMorgan lifts Bitcoin ETF exposure in Q1, led by BlackRock’s IBITBitcoin’s volatility came as it tested the 200-day moving average near $82,400 after a 37% rally from April lows, a level that has historically acted as resistance in prior bear-market rebounds, CryptoQuant said in a note shared with Cointelegraph. Source: CryptoQuantThe analysts pointed to rising profit-taking, elevated unrealized gains and weakening US spot demand as signs that momentum may be fading. On-chain data suggests potential support near $70,000 if a deeper correction develops, CryptoQuant said.“This level has historically acted as a key resistance-turned-support band during bear markets, as it represents the average cost basis of short-term traders and the level at which unrealized profit margins compress back toward zero, reducing the incentive for further selling,” the report said.Magazine: eToro founder timed Bitcoin top perfectly due to belief in 4 year cycles

JPMorgan Chase increased its reported holdings in several Bitcoin exchange-traded funds (ETFs) in the first quarter, led by a 174% jump in its position in BlackRock’s iShares Bitcoin Trust (IBIT), according to a 13F filing published Wednesday.The bank increased its position in IBIT from around 3 million shares in Q4 2025 to 8.3 million shares, according to the filing.The increase added about $162 million in reported value, based on filing data, despite Bitcoin price falling by more than 22% in Q1, according to CoinGlass data.The filing also showed broader activity across crypto-linked assets, including new and expanded positions in funds tied to Ethereum and Solana, alongside rotation in equities tied to miners and companies with digital asset exposure.The filing points to selective growth in JPMorgan’s reportable crypto-linked holdings during a weak quarter for digital assets, when Bitcoin prices fell and US spot Bitcoin ETFs recorded net outflows.Bitcoin ETF bets expand sharply beyond BlackRock positionBeyond its increased stake in BlackRock’s iShares Bitcoin Trust, JPMorgan also expanded exposure across several other spot Bitcoin ETFs, including the Fidelity Wise Origin Bitcoin Fund (FBTC) and the Bitwise Bitcoin ETF (BITB).Holdings in BITB surged nearly 900%, rising from 4,872 shares to 48,258 shares, adding roughly $1.51 million in reported value. The bank’s FBTC position increased about 450%, from 3,996 shares to 22,196 shares, worth about $980,000 in added value.Related: Jane Street slashes Bitcoin ETF holdings, adds Ether funds in Q1 2026Additionally, JPMorgan significantly increased exposure to the ProShares Bitcoin Strategy ETF (BITO), which tracks Bitcoin futures rather than holding spot BTC directly. The bank’s BITO holdings surged from just 40 shares to 1,302 shares, a gain of more than 3,000%.Mixed altcoin ETF activity across Ethereum, Solana and XRPJPMorgan also showed uneven activity across altcoin-linked ETFs in the first quarter, with new positions added in some funds while others were fully exited.The bank initiated a position in the Bitwise Solana Staking ETF (BSOL), buying 47,460 shares worth about $523,000, marking its first reported exposure to a Solana-focused ETF product.Source: The Bitcoin HistorianAt the same time, JPMorgan increased its exposure to Ethereum-linked ETFs, including a 36% rise in the iShares Ethereum Trust (ETHA) to 266,734 shares, alongside a sharp increase in the Bitwise Ethereum ETF (ETHW).Related: Wells Fargo boosts Ether ETF exposure in Q1 2026, rotates BTC holdingsOn the other hand, the filing showed a full exit from XRP-linked exposure, with the bank reducing its Bitwise XRP ETF (XRP) position from 3,870 shares to zero.In line with the bullish BTC ETF buying, JPMorgan also slightly increased its position in Strategy, the world’s largest public Bitcoin holder.The bank’s crypto-linked equity positions were otherwise mixed, with reductions in Robinhood Markets as well as Coinbase, Galaxy Digital and Bitdeer Technologies Group. At the same time, JPMorgan added to positions in Block, MARA Holdings, Core Scientific and PayPal.Magazine: Strategy reveals why they would sell BTC, Trump Media posts loss: Hodler’s Digest, May 3 – 9

Fidelity International, a global asset manager with about $1 trillion in client assets, has launched a tokenized liquidity fund assessed by Moody’s Ratings.The new Fidelity USD Digital Liquidity Fund (FILQ) is issued on blockchain infrastructure linked to Chainlink and was launched through Sygnum Bank’s tokenization platform.According to Sygnum, the fund received a AAA-mf assessment from Moody’s Ratings, a designation used for money market funds that signals strong credit quality and liquidity.“This marks an important milestone in the evolution of capital markets, demonstrating how tokenized liquidity products can bring high-quality, yield-bearing liquidity on-chain in a regulated and scalable way,” said Fatmire Bekiri, Sygnum’s head of tokenization.Cointelegraph approached Fidelity International for comment regarding the news but did not receive a response at the time of publication. Bermuda-based Fidelity International and US-based Fidelity Investments are separate companies that operate in different jurisdictions through their subsidiaries and affiliates.Chainlink expands role in real-world assetsFidelity International’s FILQ adds to Chainlink’s growing presence in the tokenized real-world asset (RWA) sector, as the platform is focused on connecting blockchain applications with external real-world data that cannot be accessed natively onchain.As part of the collaboration, Chainlink will provide onchain net asset value (NAV) and distribution data for the fund, allowing international investors to track fund value and payouts in near real time.Source: Chainlink“By adopting Chainlink’s industry-standard platform to deliver verifiable, real-time NAV and distribution metrics, FILQ utilizes the tamper-proof transparency required to securely bridge traditional finance with the onchain economy,” said Fernando Vazquez, president of capital markets at Chainlink Labs.JPMorgan will provide approved daily NAV data for the fund, Chainlink mentioned.Related: DTCC to use Chainlink to power 24/7 collateral management networkChainlink previously collaborated with both Sygnum Bank and Fidelity International for onchain NAV data integration in 2024, marking an earlier production use case for tokenized assets tied to the latter’s Institutional Liquidity Fund.Tokenized funds expand across marketsThe launch comes as large asset managers continue moving traditional cash and treasury products onto blockchain networks. Firms from BlackRock to Franklin Templeton have already debuted tokenized money market funds aimed at bringing short-term yield products onchain.On Tuesday, JPMorgan filed with the US securities regulator to launch a tokenized money market fund on Ethereum, allowing stablecoin issuers to hold reserves backing their stablecoins.Boston, Massachusetts-based Fidelity Investments also previously issued the Fidelity Digital Interest Token (FDIT), a tokenized money market fund in which Ondo Finance’s OUSG fund serves as the primary anchor investor and accounts for the vast majority of its assets.Magazine: eToro founder timed Bitcoin top perfectly due to belief in 4 year cycles

Wall Street market maker Jane Street reduced its exposure to Bitcoin exchange-traded funds (ETFs) in the first quarter of 2026 while increasing positions in Ether funds.Jane Street cut major Bitcoin ETF holdings in Q1 2026, including BlackRock’s iShares Bitcoin Trust (IBIT) and Fidelity Wise Origin Bitcoin Fund (FBTC), according to a 13F filing published Tuesday.IBIT holdings fell about 71% from Q4 2025 to roughly 5.9 million shares valued at about $225 million, while FBTC dropped about 60% to around 2 million shares worth roughly $115 million.At the same time, Jane Street increased its exposure to Ether (ETH) ETFs, nearly doubling its position in BlackRock’s iShares Ethereum Trust (ETHA) and sharply raising its stake in Fidelity Ethereum Fund (FETH), adding about $82 million combined across the two products over the quarter.The move comes amid early signs of institutional Ether ETF buying in early 2026, including increased exposure reported at Wells Fargo. The filing points to a reshuffling of Jane Street’s reportable crypto-linked holdings at quarter-end, though 13F disclosures do not show the market maker’s full trading book or net exposure.Bitcoin exposure weakens further as Strategy stake fallsJane Street’s Bitcoin-linked exposure weakened further in Q1 2026 as it reduced its stake in Michael Saylor’s Strategy (MSTR) alongside major ETF cuts.In Q4 2025, the firm held about 968,000 MSTR shares worth roughly $145.9 million. By Q1 2026, the common stock stake fell to about 210,000 shares valued at roughly $27 million, a decline of about 78% quarter-over-quarter.Jane Street increased its Strategy (MSTR) position by 473% in Q4 2025. Source: TheBTCTherapistStrategy selling followed significant buying in the previous quarter as Jane Street reportedly increased MSTR position by 473% in Q4 2025.In Q1 2026, the company also trimmed exposure across several Bitcoin mining stocks, including IREN, Cipher Mining, TeraWulf and Core Scientific.Increased exposure to Coinbase, Galaxy and RiotDespite broad downside pressure on Bitcoin-related assets, Jane Street increased exposure to several crypto-linked equities over the quarter, suggesting more selective positioning in crypto-related equities rather than a broad exit from the sector.Jane Street raised its stake in the crypto mining company Riot Platforms (RIOT) to about 7.4 million shares, up from 5 million, increasing its value to roughly $91 million from $63 million.It also increased its position in Coinbase (COIN) to about 888,000 shares from 778,000, with the value rising to about $155 million from $176 million in the prior quarter.Related: EToro profits rise as commodities boom offsets crypto trading slumpGalaxy Digital (GLXY) saw the sharpest expansion, jumping to about 1.5 million shares from just around 17,000, lifting its value to roughly $28 million from around $380,000.Jane Street posted a record $16.1 billion in Q1 trading revenue, according to Reuters, as volatile markets and gains tied to artificial intelligence-related investments boosted financial results.Magazine: Strategy reveals why they would sell BTC, Trump Media posts loss: Hodler’s Digest, May 3 – 9

Wells Fargo reported larger positions in Ether exchange-traded funds in the first quarter while reshuffling its Bitcoin ETF holdings across several products, according to its latest Securities and Exchange Commission filing.The bank said it raised its holdings in Ether (ETH) ETFs, including BlackRock’s iShares Ethereum Trust ETF (ETHA) and the Bitwise Ethereum ETF (ETHW), according to its latest Form 13F filing released on Monday.ETHA rose 63.5% from about 672,600 shares in Q4 2025 to roughly 1.1 million shares in Q1 2026, while ETHW increased by 37% from about 186,800 to more than 257,000 shares, showing a broad-based increase across Ether-linked funds.Bitcoin (BTC) ETF exposure, by contrast, showed a more mixed pattern: positions in the iShares Bitcoin Trust ETF (IBIT) were slightly reduced, while Bitwise Bitcoin ETF Trust (BITB) and Grayscale Bitcoin Mini Trust ETF (BTC) holdings increased by roughly 24% and 41%, respectively.The filing suggests Wells Fargo reported larger Ether ETF positions at quarter-end, even as its Bitcoin ETF exposure was more mixed.Accumulation amid ETH price dipWells Fargo’s Ether ETF accumulation came during a period of weakening spot prices. According to CoinGlass data, Ethereum posted two consecutive quarterly declines, falling around 28% in Q4 2025 and 29% in Q1 2026.Over the same period, spot Ether ETFs saw sustained outflows, totaling roughly $769 million across three straight months of withdrawals.Ethereum quarterly price performance data, 2025–2026. Source: CoinGlassDespite the broader downturn, Wells Fargo held around $21.5 million in Ether ETFs in Q1 2026, with ETHA as the largest position at $17.6 million.Bitcoin dominates holdings, equity rotations favor Strategy over GalaxyBitcoin ETFs remain the dominant crypto ETF exposure in Wells Fargo’s portfolio, with IBIT making up the bulk of the exposure at roughly $250 million.In equities, Wells Fargo made a more pronounced shift in crypto-linked holdings. The bank significantly reduced its stake in Michael Novogratz’s Galaxy Digital (GLXY), cutting its position from about 2.5 million shares in Q4 2025 to roughly 78,600 shares in Q1 2026, a decline of nearly 97% and an estimated $54.7 million reduction in exposure.Related: Galaxy Digital posts $216M Q1 loss as crypto market slides 20%On the other hand, Wells Fargo significantly increased exposure to Michael Saylor’s Strategy, the world’s largest public Bitcoin holder.The bank raised its stake from about 322,700 shares in Q4 2025 to roughly 726,000 shares in Q1 2026, a gain of around 403,000 shares, or 125%, and an estimated $41.6 million increase in exposure.Magazine: Strategy reveals why they would sell BTC, Trump Media posts loss: Hodler’s Digest, May 3 – 9