'Bitcoin ETFs are facing a tumultuous period, with record outflows reaching $937 million in a single day, marking the largest withdrawal since January 2024. This trend has resulted in a staggering total of over $2 billion pulled from these funds in just six days, as investor sentiment shifts amid falling Bitcoin prices. Meanwhile, Strategy's stock is down 55% from its all-time high, raising concerns about forced liquidations. In contrast, Binance's CEO reassures that the recent market dip is merely a tactical retreat rather than a sign of structural weakness. Additionally, the XRP Ledger is gearing up for significant upgrades aimed at enhancing institutional DeFi capabilities, allowing banks to trade real-world assets securely.'
source: CryptoSlate