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Crypto News

Citigroup Predicts $5.5T Tokenization Boom as Ethereum Funding Rate Reaches 9-Month High

Citigroup says that the tokenized securities market will go from $17 billion to $5.5 trillion by 2030.

Ethereum is one of the biggest RWA blockchains but Citi's forecast has failed to fuel price gains.

Ethereum's funding rate has soared to a multi-month high signalling bullish positioning.

Kalshi Files for XRP, XLM, SOL, SHIB, HBAR, DOGE, & 6 Other Altcoins Perp Futures

Kalshi applied for perpetual futures tied to altcoins such as Ethereum (ETH), XRP, Solana (SOL), Stellar (XLM), Dogecoin (DOGE), Shiba Inu (SHIB), and Hedera (HBAR). It follows the Commodity Futures Trading Commission’s (CFTC) approval of Bitcoin perpetual futures trading on the platform last week.

Strategy Sells $2.5 Million of Bitcoin, Breaking Playbook

Strategy Inc. disposed of about $2.5 million of Bitcoin, a symbolic break from its maximalist playbook.

The sale was the first since late 2022, and comes after Michael Saylor signaled the possibility of token sales during the company's quarterly earnings call last month.The $2.5 million sale is negligible relative to Strategy's roughly $60 billion Bitcoin position, but arrives at a sensitive moment for the market.

Bitcoin Spot ETF Flow

The overall net outflow of the US Bitcoin spot ETF on June 1 was $483.76 million. The total net asset value of Bitcoin spot ETFs is $91.16 billion, and the ETF net asset ratio (market value compared to total Bitcoin market value) is 6.37%.

来源：SoSoValue

The Bitcoin spot ETF with the highest net outflow on June 1 was iShares Bitcoin Trust ETF (IBIT), with a net outflow of $440.29 million, according to SoSoValue.