Robinhood officially enters Canada, Grayscale plans the HYPE ETF, and TON rebrands to Gram, while BTC falls below $71K as ETF outflows continue. The cryptocurrency market is undergoing a notable pullback under the current macroeconomic environment. Bitcoin recently fell below the key $71,000 support level, with intraday momentum remaining weak. Ethereum also came under pressure and dropped below the $2,000 level. Data shows that this downward pressure is closely linked to spot ETF fund flows. U.S. spot Bitcoin ETFs have recorded net outflows for 11 consecutive trading days, with total net outflows reaching USD 3.452 billion. This reflects a more cautious defensive stance among institutional investors as inflation expectations rise and Treasury yields remain elevated. At the same time, outflows from spot Ethereum ETFs have continued to worsen. These products have recorded net outflows for 15 consecutive trading days, with cumulative outflows reaching USD 757 million. Market sentiment has also been further weighed down by diverging performance across U.S. technology stocks and ongoing geopolitical factors. Although Bitcoin whale cluster activity has reached a six-week high, indicating more frequent trading by large holders at lower price levels, the broader decoupling between crypto assets and traditional equity markets has become increasingly clear. In the near term, the crypto asset sector still faces a structural liquidity reshuffling. Investors should continue to closely monitor marginal changes in institutional fund flows.

Key News Highlights:

Robinhood Completes USD 180 Million Acquisition and Enters Canada’s Crypto Market

Online trading platform Robinhood recently announced that it has completed its USD 180 million acquisition of Canadian crypto technology company WonderFi. This move marks Robinhood’s official entry into the Canadian market and brings major local crypto exchanges Bitbuy and Coinsquare under its umbrella. Through the transaction, Robinhood has gained access to local crypto operating licenses and a complete set of compliant assets in Canada. Financial data previously disclosed by WonderFi showed that its operating platforms generated USD 49.8 million in revenue in 2025, reflecting a solid market foundation. Robinhood’s management stated that the acquisition will help the company accelerate the expansion of its crypto services across North America. The deal is also expected to bring approximately 300,000 funded customers to the platform. As Canada is viewed as one of the fastest-growing crypto markets in North America, with total market revenue expected to continue rising in the coming years, this expansion is seen as an important part of the company’s global strategy. It is also expected to strengthen Robinhood’s competitiveness in diversified financial services.

Bitcoin Remains Under Pressure as Its Decoupling From Traditional Tech Stocks Becomes More Evident

The correlation between the cryptocurrency market and traditional equities has weakened significantly in recent weeks. Bitcoin has touched its lowest level in nearly two months, while the S&P 500 and major technology stocks have repeatedly set new highs. According to data analytics platform Santiment, the gap between crypto assets and traditional equities has become difficult for market participants to ignore. This divergence reflects a structural rotation in capital allocation. As investors observe that traditional technology stocks are delivering more stable returns and lower volatility under the current macroeconomic backdrop, more capital has moved out of Bitcoin and other cryptocurrencies and into high-growth technology shares. Analysts noted that this trend has intensified short-term defensive selling pressure in the crypto market. However, it may also suggest that crypto assets could show stronger rebound resilience once macroeconomic conditions begin to improve. Investors should continue to monitor this liquidity migration trend and assess how macro sentiment affects the pricing of risk assets.

Grayscale Plans Hyperliquid ETF With Low-Fee Strategy to Gain Market Share

Crypto asset management giant Grayscale is actively expanding its market presence through product innovation. According to its latest regulatory filing, the company plans to launch an exchange-traded fund linked to the Hyperliquid token. The product will carry a highly competitive management fee of 0.29%. This pricing is slightly lower than comparable products already available in the market. The strategy is designed to attract more capital seeking efficient investment tools. If the product is approved for launch this week, it would signal rising institutional interest in tokens linked to emerging decentralized trading platforms. Hyperliquid has become one of the fastest-growing perpetual futures trading platforms in the market, and its token has attracted broad attention. Through differentiated fee design, Grayscale is seeking to gain an early advantage in the increasingly competitive crypto ETF market. Although the broader crypto ETF market is currently facing persistent net outflows, the launch of new institutional products still adds fresh market attention. It also reflects continued professional investor demand for products tied to more specialized segments of the crypto ecosystem.

The Open Network Begins Brand Refresh as Toncoin Is Renamed Gram

Blockchain ecosystem The Open Network has officially announced plans to rename its native token Toncoin to Gram. The decision is intended to return the network to its original vision and mark a new stage of development for the ecosystem. Founder Pavel Durov said Gram was the token name used in the network’s original 2018 white paper. This brand refresh is not only intended to reflect the project’s early roots, but also to support its broader super-app strategy across payments, mini-apps, and digital asset management. The ecosystem has already launched a community vote, with more than 80% of participants supporting the proposal. The brand update is expected to take around three weeks. During this process, there will be no token migration, bridging, or balance conversion. All addresses and contract states will remain unchanged. The market responded positively to the announcement, and the token price briefly recorded a sharp increase. This brand refresh is viewed as part of the ecosystem’s deeper integration strategy with Telegram. It also aims to further support the mass adoption of Web3 applications worldwide.

Disclaimer: The information provided in this section is for informational purposes only and doesn't represent any investment advice or FameEX's official view.