S&P 500 Index and Nasdaq 100 Index futures turn higher

U.S. Spot Bitcoin and Ethereum ETFs Post Outflows, Solana ETFs See Inflows

U.S.-based Bitcoin and Ethereum ETFs experienced significant outflows totaling $175.1 million, primarily driven by BlackRock funds. In contrast, Solana ETFs saw small inflows, while XRP ETFs continued to see withdrawals.

The United States will experience a historic tax refund wave! Bank of America: Expected to boost the stock market and cryptocurrency market

Wells Fargo predicts that the 2026 US tax season will see a tax refund wave of approximately $150 billion, which will rekindle investors' risk appetite and boost the stock market and cryptocurrencies like Bitcoin. Overall refunds are expected to exceed $500 billion, an increase of about 30%. High-income earners will channel their additional savings into the market, and the retail sector will also benefit. However, low-income families may prioritize debt repayment or savings.

Morgan Stanley increased its exposure to Bitmine holdings last quarter

Despite the overall decline in the crypto market, the largest shareholders of Bitmine Immersion Technologies, Morgan Stanley and ARK Investment Management, increased their holdings in Q4 2025, with market values reaching $331 million and $256 million respectively.

Cryptocurrency Market Sentiment Diverges: Wall Street Remains Bullish on Bitcoin, While Non-U.S. Investors Rapidly Withdraw

Global Bitcoin market sentiment is increasingly divided, with Wall Street institutional investors remaining bullish, but funds outside the United States are withdrawing noticeably. The premium on CME futures trading is higher than on Deribit, indicating that American institutions still have a strong risk appetite. Recently, Bitcoin has been affected by concerns over quantum computing technology, but its actual performance has declined in tandem with related companies, reflecting a cooling of market risk appetite for long-term assets.