Bitcoin ETFs Bounce Back with $319 Million Inflow Amid Market Volatility

Spot Bitcoin ETFs have demonstrated remarkable resilience, attracting $319.5 million in net inflows on May 14, just a day after experiencing $91.4 million in outflows. This swift rebound underscores the strong investor confidence in Bitcoin, despite short-term market fluctuations. BlackRock’s IBIT led the recovery with $232.9 million in fresh capital, while Fidelity’s FBTC contributed $36.1 million. The May 13 outflow, the largest since April 30, was entirely attributed to redemptions from Fidelity’s FBTC fund. Meanwhile, Bitcoin’s price stands at 102,273.71 USDT, reflecting the dynamic nature of the cryptocurrency market. This development highlights the growing institutional interest in Bitcoin and its potential for long-term growth.

Spot Bitcoin ETFs See $319 Million Inflow After Single-Day Outflow

Spot Bitcoin ETFs reversed course sharply on May 14, attracting $319.5 million in net inflows after posting $91.4 million in outflows the previous day. The May 13 withdrawal—the largest since April 30—was driven entirely by redemptions from Fidelity’s FBTC fund.

BlackRock’s IBIT led the rebound with $232.9 million in fresh capital, while Fidelity’s FBTC contributed $36.1 million. Bitwise, Ark Invest, and Valkyrie’s funds saw smaller inflows. Notably, Grayscale’s GBTC recorded a $35.2 million inflow, breaking its streak of persistent outflows.

Coinbase Offers $20M Bounty After Foiling Extortion Attempt

Coinbase has turned the tables on cybercriminals who attempted to extort $20 million in bitcoin by leaking stolen customer data. The exchange revealed that rogue overseas support agents were bribed to leak sensitive user information, including names, addresses, and masked bank details. No funds, passwords, or private keys were compromised.

Instead of paying the ransom, Coinbase is offering a $20 million bounty for information leading to the perpetrators’ arrest. The exchange emphasized that Coinbase Prime accounts remained unaffected. This bold MOVE underscores the industry’s growing resilience against cyber threats.

Bitcoin Dips on Unexpected Decline in US Wholesale Prices

Bitcoin fell 1.3% to $102,655 following a surprising 0.5% drop in April’s Producer Price Index (PPI), defying economist forecasts of a 0.2% rise. Market caution persists amid mixed signals, including the U.S.-China tariff rollback agreement and CPI data meeting expectations.

Traders await the May 30 PCE index release for clearer Fed policy direction. The unexpected PPI decline has injected fresh uncertainty into crypto markets, with Bitcoin serving as the immediate barometer of risk sentiment.

Bitcoin-Backed Token YBTC Launches on Sui Network via Bitlayer’s BitVM Bridge

Bitlayer, a Bitcoin LAYER 2 solution leveraging the BitVM paradigm, has partnered with Sui blockchain to enhance Bitcoin’s utility in decentralized finance. The collaboration introduces Peg-BTC (YBTC), a Bitcoin-backed token, to Sui’s ecosystem through Bitlayer’s BitVM bridge.

Holders can now bridge BTC to Sui, converting it into YBTC for use across Sui’s DeFi protocols. This integration unlocks yield opportunities while maintaining direct exposure to Bitcoin’s price movements—addressing a longstanding gap in BTC’s DeFi utility.

"Bitcoin’s dominance as a store of value is unmatched, but its utility in DeFi remains untapped," the announcement noted. The move signals growing interoperability between Bitcoin and high-performance smart contract platforms.

Metaplanet Generates $4M Profit from Bitcoin Strategies, Nears 10K BTC Target

Tokyo-based Metaplanet (3350) reported a record 592 million yen ($4 million) in operating profit for Q1 2025, driven primarily by Bitcoin-centric financial strategies. The firm harvested 88% of its 877 million yen revenue through BTC option premiums, showcasing institutional-grade crypto yield generation.

Metaplanet’s treasury now holds 6,796 BTC—a 5,000+ BTC increase this quarter—placing it as Asia’s largest corporate holder and 11th globally. The company has achieved 68% of its 10,000 BTC target since adopting Bitcoin as a reserve asset in April 2024, surpassing El Salvador’s national holdings.