Bitcoin price steadied this week after a burst of volatility tied to tensions in the Middle East and a surge in oil prices. As of this morning, the bitcoin price is around $70,000 after being above $71,000 in early trading. Risk assets across global markets reacted to the shock. Bitcoin price fell alongside equities during the initial sell-off, sliding into the mid-$60,000 range before finding support.
Institutional flows continued to shape market structure during the volatility. U.S. spot bitcoin exchange-traded funds recorded roughly $568 million in net inflows last week after five weeks of outflows. The products now hold more than $55 billion in cumulative net inflows since their launch, according to data from SoSoValue. The asset stabilized in the mid-$60,000 range even as oil spiked and equities dropped.
The initiative will distribute blockchain-based versions of public equities through Kraken’s xStocks platform. The framework aims to tokenize both stocks and exchange-traded products while preserving existing shareholder rights and corporate governance structures. Kraken will serve as a distribution partner and settlement layer for the tokenized assets. Nasdaq expects the system to launch in the first half of 2027, pending regulatory approval.
Leave a Reply