BlackRock’s spot bitcoin exchange-traded fund (ETF) is showing new signs of life after weeks of dwindling activity, pulling in over a billion dollars in fresh cash and reversing a month-long slide in trading volumes.

South Korea’s central bank has put the brakes on its digital currency trial, as the government shifts its focus to stablecoins.

Robinhood has launched micro futures contracts for bitcoin, solana and XRP, widening its crypto trading tools for the nearly 26 million users with funded accounts on its platform.

Top stories in the Crypto Roundup today:

• BlackRock’s Spot Bitcoin ETF Breaks Four-Week Volume Slump
• South Korea Halts Central Bank Digital Won as Stablecoins Gain Policy Backing
• Robinhood Adds Micro Bitcoin, Solana, XRP Futures

BlackRock’s Spot Bitcoin ETF Breaks Four-Week Volume Slump

BlackRock’s spot bitcoin exchange-traded fund (ETF) is showing new signs of life after weeks of dwindling activity, pulling in over a billion dollars in fresh cash and reversing a month-long slide in trading volumes.

The fund, IBIT, climbed 3.49% in the week ending June 27. Investors traded roughly 210 million shares during the period, up 22% from the prior week’s tally of 171.7 million shares, according to TradingView data. It’s the first time weekly volumes have increased since mid-May.

IBIT also pulled in $1.31 billion in net inflows last week. That’s slightly ahead of the $1.23 billion it gathered the week before, raising the fund’s total haul for June to $3.74 billion, figures from SoSoValue show.

South Korea Halts Central Bank Digital Won as Stablecoins Gain Policy Backing

South Korea’s central bank has put the brakes on its digital currency trial, as the government shifts its focus to stablecoins.

The Bank of Korea (BOK) confirmed it has suspended plans for the second phase of testing its proposed central bank digital currency (CBDC), which was due later this year. 

The move reflects a wider cooling toward state-issued digital money in favor of regulating stablecoins, which President Lee Jae Myung sees as a way to modernize the broader financial system.

Lee, who took office this month, is backing a plan that would let companies with as little as 500 million won ($370,000) in equity issue won-based stablecoins. His government argues stablecoins could open the payments market to more players, potentially lowering costs for consumers.

Robinhood Adds Micro Bitcoin, Solana, XRP Futures

Robinhood has launched micro futures contracts for bitcoin, solana and XRP, widening its crypto trading tools for the nearly 26 million users with funded accounts on its platform.

Unlike standard futures, micro contracts let traders bet on the price of digital assets with a fraction of the usual capital. That appeals to smaller investors who want exposure to crypto price swings or to hedge existing holdings without tying up significant cash.

The new products extend Robinhood’s crypto futures lineup, which began with bitcoin and ether futures earlier this year. 

State of the Crypto by Top Tier Exchange Volume

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