Crypto markets experienced a variety of significant events today. Cryptocurrency exchange-traded products (ETPs) saw $47 million in inflows last week, notwithstanding a substantial sell-off in Bitcoin investment products. CoinShares reported that although there was an inflow of approximately $1 billion into crypto ETPs, this was almost entirely counteracted by outflows of $940 million, driven by fresh macroeconomic data and insights into a more assertive U.S. Federal Reserve stance. Despite these market movements, Bitcoin investment products attracted $213 million between January 6-10 and continue leading with year-to-date inflows of $799 million by 2025. However, the total assets under management in Bitcoin ETPs declined by 3.5%, down to $125.4 billion.
Concurrently, a 2022 security breach at OpenSea, one of the largest NFT marketplaces, has surfaced, disclosing over seven million user email addresses. SlowMist’s chief information security officer, “23pds,” stated that these leaked emails, initially compromised in an attack involving OpenSea’s email service provider, are now publicly available and may be exploited by scammers.
In other developments, MicroStrategy’s co-founder Michael Saylor hinted at an imminent Bitcoin purchase for the company. Saylor’s social media updates suggest that MicroStrategy, already holding 447,470 BTC valued at approximately $42 billion, might bolster its Bitcoin reserves further. The firm’s Bitcoin-centric investment strategy continues to be a topic of debate, with some investors praising its approach and others pointing to potential risks associated with Bitcoin’s price volatility affecting MicroStrategy shares.