Metaplanet Adds 2,823 Bitcoin as ETF Outflows Highlight Market Split

Japanese-listed Metaplanet has added 2,823 more Bitcoin (BTC) to its balance sheet, lifting its total holdings to 43,000 BTC in a move that underscores how aggressively some public companies are positioning around 'digital hard assets' despite choppy fund flows in the U.S. ETF market.

Metaplanet did not disclose in the brief filing the average purchase price or timing details beyond confirming the acquisition, but the latest buy extends a trend of corporate accumulation that has increasingly blurred the line between traditional treasury management and crypto-native capital allocation.

The disclosure landed as U.S.-listed spot Bitcoin ETFs recorded a net outflow of $295 million on Tuesday ET, July 1, according to SoSoValue data cited by local media. Flows were mixed across products: Grayscale Bitcoin Mini Trust ETF (BTC) posted the largest daily inflow at $36.33 million, bringing its cumulative net inflows to $2.398 billion, while Morgan Stanley’s ETF (MSBT) added $29.81 million for cumulative net inflows of $364 million. BlackRock’s iShares Bitcoin Trust (IBIT) saw the steepest daily withdrawal, with $219 million leaving the fund, though its cumulative net inflows still stood at $60.034 billion.

Total net assets held by spot Bitcoin ETFs were reported at $72.46 billion, representing about 6.01% of Bitcoin’s total market capitalization, with cumulative net inflows of $50.858 billion. The divergence between corporate buying and ETF outflows highlights a key market tension: spot ETF flows tend to reflect shorter-horizon sentiment and rebalancing, while corporate treasuries increasingly frame BTC exposure as a longer-duration allocation tied to balance-sheet strategy.

Elsewhere, Robinhood ($HOOD) announced the mainnet launch of its Layer 2 blockchain, 'Robinhood Chain,' and said it is expanding tokenized stock trading access across more than 120 countries. The company also introduced a decentralized lending product dubbed 'Robinhood Earn,' offering an advertised yield of roughly 7% based on USDG. The rollout adds to Robinhood’s broader push beyond traditional brokerage into crypto, tokenized assets, and AI-enabled trading tools—an expansion that regulators and market participants are watching closely as tokenized securities move from pilot programs toward wider distribution.

In another sign of the growing role of altcoins as corporate treasury assets, Forward Industries ($FWDI) said it acquired more than 500,000 Solana (SOL) during its most recent fiscal quarter, taking total SOL holdings to about 7.55 million SOL—valued by the company at roughly $776 million. The firm said it issued 93,642 shares via an at-the-market (ATM) program and repurchased shares when its stock traded below its per-share SOL net asset value, describing its objective as maximizing SOL per share and long-term shareholder value. Following the disclosure, FWDI shares jumped more than 17% intraday, while SOL rose to around $77.

On the regulatory front, the European Union began a formal review and potential amendment process on Tuesday ET, July 1—the first day the Markets in Crypto-Assets Regulation (MiCA) entered full application across the bloc, according to CoinDesk. Early focus areas include stablecoin rules and the framework’s cross-border equivalence mechanisms, signaling that policy refinement is likely even as firms race to align with the EU’s unified crypto-asset issuance, trading, and services regime.

The Ethereum Foundation also published a new policy guide aimed at governments and institutions, outlining why it views Ethereum (ETH) as resilient 'public infrastructure' supported by a decentralized validator set, multiple independent clients, and a global developer ecosystem. The guide highlights public-sector use cases ranging from decentralized identity initiatives in Bhutan and Buenos Aires to a land registry project in India, and urges policymakers to distinguish between decentralized public blockchains and networks controlled by a single company or foundation.

Ripple, meanwhile, detailed eight recent developments tied to its stablecoin RLUSD, spanning payments, exchange listings, cross-chain infrastructure, and regional expansion. According to updates shared by Ripple executive Jack McDonald, Mastercard has broadened RLUSD payment support across eight blockchain networks including the XRP Ledger, while partnerships in Türkiye aim to improve local access. Ripple also said RLUSD is being linked to on-chain liquidity and cross-border functionality through collaborations involving Bitso and the MXNB stablecoin on an XRP Ledger permissioned DEX, and that multichain support has been strengthened via Wormhole’s native token transfer standard. RLUSD has additionally entered Japan through SBI VC Trade following approval by Japan’s Financial Services Agency, and has been listed on exchanges including Gate and FloQyu, with integration into cross-chain infrastructure provider Squid Router.

In market infrastructure updates, Binance said it will temporarily suspend deposits and withdrawals for Injective (INJ) starting Wednesday at 9:00 a.m. ET (2:00 p.m. UTC) to support an Injective network upgrade and hard fork expected about an hour later.

The Solana Foundation introduced an on-chain governance framework called Solana Governance Proposals (SGP), enabling validators to submit, endorse, and decide on core protocol governance items directly on-chain. Under the model, proposals are processed on-chain, voting is weighted by stake, and results are verified via Merkle proofs. Validators with at least 100,000 SOL delegated can submit proposals, while escalation to a formal vote requires support from at least 15% of total network stake—an effort to formalize ecosystem governance beyond the existing Solana Improvement Documents (SID) process, which is centered on technical and protocol changes.

Finally, privacy-focused AI platform Venice AI said it raised $65 million in its first external funding round at a $1 billion valuation, led by Dragonfly with participation from North Island Ventures, Coinbase Ventures, Archetype, Liquid 2 Ventures, and Morgan Creek. Founder Erik Voorhees said the platform has surpassed 3 million users and achieved profitability in the first quarter, with new capital earmarked to expand products and APIs that provide access to both open-source and proprietary AI models. Venice AI also adjusted token economics for its VVV token, lowering the annual issuance paid to stakers supporting the network to 3 million tokens.

Taken together, the developments point to a market entering a more institutional and infrastructure-driven phase: corporates are scaling crypto treasuries beyond Bitcoin, brokerages are shipping tokenization rails, and regulators are moving from drafting rules to iterating on real-world implementation—while ETF flows continue to serve as a daily barometer of risk appetite.