Global X Blockchain & Bitcoin Strategy ETF

BITS

Market cap $23.3M

Bitcoin barely moved after one of the biggest macro events of the year. In this episode of The Daily Wolf, Scott Melker explains why Bitcoin's muted reaction to the Federal Reserve may actually be bullish, why Robinhood generated more revenue from prediction markets than crypto trading, and why the biggest platforms in digital assets are evolving into complete financial ecosystems.

After peaking around $25 billion a day during the 2025 crypto bull market, Bitcoin (BTC) spot volume has crashed to the lowest level since 2024.

Has the Senate shelved the Clarity Act? Seth Ginns talks more about the back and forth between Democrats and Republicans on key sticking points in the legislation but says "we're feeling quite good" it will get passed.

Bitcoin has reclaimed several important technical levels, and improving momentum suggests the cryptocurrency could be setting up for another advance if key resistance is cleared.

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.