ProShares Bitcoin & Ether Equal Weight Strategy ETF

BETE

Market cap $7.32M

Everyone is watching Bitcoin's price. Wall Street is quietly rebuilding the financial system.

Global digital asset ETPs fell sharply in June 2026, with total assets under management dropping 18.4% to $106.8 billion from $130.9 billion at the end of May, according to Fineqia International Inc (CSE:FNQ). The decline pushed AUM to its lowest level since September 2024 and marked a second consecutive negative quarter for the sector.

Bitcoin just had its best week since March—but that's not the most important story. In this episode of The Daily Wolf, Scott Melker explains why Bitcoin's recovery is more significant than the price itself, how the market absorbed Michael Saylor's Bitcoin sale, why ETF inflows may finally be turning around, and how stablecoins continue to reshape the financial system.

Bitcoin bounced back Monday after President Trump called himself “a big crypto guy” and gave a positive, if noncommittal, answer when asked about the prospect of digital assets becoming part of his newly-launched Trump Accounts.

Bitcoin (CRYPTO: BTC) price performed well for most of 2025, having climbed to a record high above $126,000 due to strong demand for ETFs that track U.S. spot prices.

I reiterate my buy rating on Bitcoin, emphasizing that current market fear signals a near-bottom opportunity. Record outflows from Bitcoin ETFs and Strategy's revised reserve policy have fueled extreme investor fear and price declines. Historical patterns, on-chain metrics, and the realized price near $53,000 all suggest a cyclical bottom is imminent.

July 1 (Reuters) - Citigroup slashed its 12-month forecasts for bitcoin and ether, saying weakening investor appetite, negative exchange-traded fund flows and ​a lack of progress on U.S. digital asset legislation have ​hurt the outlook for the two largest cryptocurrencies.

Crypto investors had hoped that increased institutional adoption and a crypto-friendly administration could help the largest cryptocurrency avoid the painful cycles it once experienced.

Bloomberg Intelligence's James Seyffart joins Isabelle Lee on "Bloomberg Crypto." Bitcoin's biggest institutional sources of demand are faltering at the same time, leaving the cryptocurrency increasingly exposed as ETF investors pull money at a record pace and questions persist over the financing playbook behind its largest corporate buyer.

Bitcoin (BTC-USD) broke below $60,000 only a week ago, but as the price hovers there, it's causing much pain for the crypto crowd. The industry has already endured a full year of losses, with BTC nearly halving in value from the near $120,000 peak seen last summer.