ETFs Go Beast Mode on Bitcoin!

US spot Bitcoin ETFs bought 18,644 BTC last week, six times the BTC that was mined during the same period.

Author

Danielle du Toit
May 05, 2025

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Here's what we've got for you today:

  • US Bitcoin ETFs Bought 6x More Than BTC Miners Produced Last Week

  • Crypto Community Fumes After Arizona Rejects Bitcoin Bill

  • Sam Altman’s World Project Hit with Sanctions in Indonesia Over Alleged Regulatory Violations

  • OKX to Restart DEX with Anti-Abuse Upgrades After Lazarus ‘Misuse’

About 18,644 Bitcoin were scooped up by ETFs in the US over the past week.

  • US spot Bitcoin ETFs bought 18,644 BTC last week. This was nearly six times the 3,150 BTC that was mined during the same period.

  • Total ETF inflows hit $1.8 billion over five trading days, with only one net outflow day since April 16, according to Farside Investors.

  • Despite hitting a six-week high of $97,700 on May 2, Bitcoin’s price has since pulled back to around $94,000, roughly unchanged week-over-week.

Arizona Governor Katie Hobbs vetoed a bill that would have allowed the state to establish a Bitcoin reserve.

  • Arizona Governor Katie Hobbs vetoed a bill that would have allowed the state to invest in Bitcoin reserves, which attracted a lot of criticism from crypto advocates.

  • Jameson Lopp and Anthony Pompliano slammed the decision, and called it shortsighted and a missed opportunity for innovation.

  • State Senator Wendy Rogers vowed to reintroduce the bill, and pointed out the irony that Arizona already holds shares in Strategy, a company heavily invested in Bitcoin.

🌏️ Sam Altman’s World Project Hit with Suspension in Indonesia Over Alleged Regulatory Violations

Indonesia’s digital ministry suspended the operating permit of World, previously known as Worldcoin.

  • Indonesia's Ministry of Communication and Digital suspended Worldcoin's local operations, due to public concerns and regulatory violations.

  • Operators PT. Terang Bulan Abadi and PT. Sandina Abadi Nusantara will be summoned for clarification after failing to meet legal requirements for electronic system operators.

  • Authorities found the project operating under a mismatched permit, which prompted a preventive suspension to protect the public from potential risks.

🚀 OKX to Restart DEX with Anti-Abuse Upgrades After Lazarus ‘Misuse’

Some of the upgrades to the re-launched DEX aggregator include measures to identify suspicious on-chain activity from hackers and other bad actors.

  • OKX has relaunched its DEX aggregator, OKX Web3, after pausing it in March due to abuse by the North Korean Lazarus hacking group.

  • The platform now includes a real-time abuse detection and blocking system to boost security and user protection.

  • OKX Web3 functions as a blockchain browser and search engine, aggregating data from multiple DEXs and market makers to streamline trading.

👀 QUICK NEWS

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