Gold, silver, platinum and copper all surged to new records as metals — not bitcoin — attracted capital on the debasement trade and geopolitical tension.
The crypto exchange’s tokenization, AI tools, and stablecoin revenue help it stand out in ‘transition year’ for crypto equities, said Clear Street's Owen Lau.
The biggest single-day exit came from BlackRock’s IBIT, which saw $91.37 million leave the fund. Grayscale’s GBTC followed with a $24.62 million outflow.
The largest deals of the year included Coinbase's $2.9 billion acquisition of Deribit, Kraken's $1.5 billion purchase of NinjaTrader, and Ripple's $1.25 billion buyout of Hidden Road.
The movement follows inflows into wallets tied to Trump Media, implying the company is actively managing its bitcoin position rather than leaving it static.