- Today’s digital currencies: Bitcoin, Ethereum, and XRP maintain recovery levels amid slight outflows from spot ETF funds:

The digital asset market saw modest trading, rising 1.1% on Friday, as Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) held onto their recent recovery levels. These gains came despite capital leaving U.S. spot ETF funds (ETFs), and investors’ caution, indicating that buyers are continuing to defend key support levels.

Bitcoin held steady near $64,000 despite outflows from ETF funds and selling pressure from Treasury bonds.
Bitcoin (BTC) traded just above $64,000 on Friday, despite sell pressure from Bitcoin ETF funds in the U.S. spot market. These funds recorded net outflows of $95 million on Thursday, marking the second consecutive day of negative flows.

Bitcoin spot ETF fund flows. Source: SoSoValue
This move follows a disclosure by Bitcoin treasury management firm “Empire Digital” in a filing submitted to the U.S. Securities and Exchange Commission, stating that it sold 1,400 bitcoins since May at an average price of $62,200. The proceeds will be used to repay debts, finance a previously announced real estate purchase, and cover legal expenses.

The company also announced a shift in its strategic focus toward AI infrastructure, including participation in a proposed $1 billion AI data center project. As part of this shift, Empyreal will stop publishing net asset value (NAV) updates based solely on its Bitcoin holdings, reflecting its growing exposure to AI and energy infrastructure businesses.

Meanwhile, Japan’s Metaplanet announced a feasibility study with JPYC, Progmat, and its securities subsidiary company to explore Bitcoin-backed digital credit products.

The initiative will evaluate the use of Bitcoin as collateral alongside stablecoins and tokenization infrastructure to enable issuance, settlement, and interest payments around the clock, 24/7.
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