Bitcoin Magazine

T. Rowe Price Debuts New ETF With Bitcoin and Crypto Exposure

Asset manager T. Rowe Price on Thursday debuted its first crypto exchange-traded fund, giving investors exposure to Bitcoin and other digital coins. 

T. Rowe Price, which with $1.89 trillion in assets is one of the largest U.S. asset managers, said that its Active Crypto ETF is the first actively managed multi-token spot ETF on the market. 

The ETF, which trades on the NYSE Arca under the ticker TKNZ, mainly gives investors exposure to Bitcoin and Ethereum, weighed 40.75% and 18.42%, respectively, but includes other assets like Solana, XRP, Hyperliquid, Dogecoin, and BNB. 

T. Rowe Price applied to the U.S. Securities and Exchange Commission for the product last October. 

“Through the launch of the T. Rowe Price Active Crypto ETF, investors can gain access to a thoughtfully curated, professionally managed multi-coin portfolio that helps eliminate the guesswork of building a crypto allocation on their own,” Blue Macellari, who works as head of digital assets at the firm, said in an announcement.  

The announcement added that the product was the “first of the firm’s lineup” for the digital asset space, hinting that more ETFs could soon follow. 

Writing on X Thursday, Bloomberg Intelligence’s senior research analyst, James Seyffart, said: “Launching during a bear market and I know for a fact this product was years in the making. Legacy asset managers continue to build in the crypto space despite the pullback in prices.”

JUST IN: $1.9 trillion T. Rowe Price launched the first actively managed multi-token spot crypto ETP

40.75% of the fund is in Bitcoin pic.twitter.com/lbguyJr6RO

— Bitcoin Magazine (@BitcoinMagazine) July 16, 2026

Explosion in crypto and Bitcoin ETFs 

In January 2024, the SEC approved Bitcoin ETFs by BlackRock, Fidelity, Grayscale and other asset managers after years of denying applications. 

The funds had the most successful debut in the ETF industry’s history, and now manage billions in dollars in assets. 

Ethereum funds followed the same year and a number of altcoin products are now on the market for U.S. and European investors. 

More traditional investors and Wall Street institutions can now buy crypto via shares that trade on traditional stock exchanges. 

Investors were previously put off by some of the harder aspects of crypto management, such as keeping private keys safe and digital coin storage. 

The Bitcoin ETFs in particular have helped integrate the asset into traditional finance, making it easier to borrow against or use as collateral. 

Under President Trump’s crypto-friendly administration, regulators have become more relaxed towards regulating the digital asset space; many SEC lawsuits and investigations targeting crypto firms have been scrapped since the Republican took office. 

This post T. Rowe Price Debuts New ETF With Bitcoin and Crypto Exposure first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.

Bitcoin Magazine

Bitcoin Exchange Inflows Spike to 49,000 BTC in a Day, Signaling More Volatility is Coming: Report

CryptoQuant’s weekly report, “Incoming Volatility?”, makes a clean, data-backed case that something is about to break.

Bitcoin exchange inflows spiked to roughly 49,000 BTC on June 30 — an extreme reading seen only four other times in 2026. Ethereum inflows blew past 1.25 million ETH the same week. Altcoin deposit transactions hit nearly 45,000 a day, the highest in two months and the exact pattern that front-ran Bitcoin’s slide from $82K in early May to below $58K in late June. 

Every one of those signals has historically preceded a directional move, usually down.

And yet, as of Thursday morning, Bitcoin is trading around $61,600 — back above the $60K support the report frames as the line in the sand, and up several thousand dollars from Wednesday’s print near $58,600. The chain is screaming risk-off but the price just shrugged it off. 

The most bearish detail in the report isn’t the raw inflow volume — it’s the composition. The average deposit size doubled from 1 BTC to 2 BTC. That’s not retail panic-selling in dribs and drabs; that’s whales and institutions deliberately repositioning coins onto exchanges. 

As CryptoQuant’s Julio Moreno notes, a jump in average deposit size is a more bearish tell than high volume alone, because it signals intent rather than noise. When large holders queue up to sell, they usually know something, or think they do.

So why did price go the other way? Because the flows aren’t happening in a vacuum. Bitcoin’s June bleed had less to do with anything crypto-native than with capital rotating out of digital assets and into the semiconductor trade, U.S.-Iran tensions stoking inflation fears, and Strategy trimming its stack. 

Mt. Gox moving 10,422 BTC last month revived creditor-selling anxiety ahead of the October repayment deadline. Spot Bitcoin ETFs, meanwhile, have bled billions across a double-digit streak of outflow sessions. 

The whales moving coins to exchanges may simply be positioning for that same macro storm and not really causing it. 

Thursday’s bounce came courtesy of dovish Fed commentary that eased rate-cut fears. That’s the tell within the tell: in this market, macro is the dog and on-chain flows are the tail. 

Bitcoin price action

At the time of writing, Bitcoin is trading at $61,469.98, up $1,322.54 (+2.2%) on the day after bouncing off a 24-hour low of $59,520 and peaking near $62,148 around 10 a.m. 

The recovery back above $60,000 — with $32.49B in daily volume and a $1.23T market cap — lines up with the report’s read that $60K is the battleground level, and today the bulls are holding it.

This post Bitcoin Exchange Inflows Spike to 49,000 BTC in a Day, Signaling More Volatility is Coming: Report first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

Bitcoin Magazine

Citi Slashes Bitcoin Target to $82,000 as ETF Money Heads for the Exits

Citigroup took a red pen to its crypto forecasts on Tuesday, cutting its 12-month price targets for bitcoin after the ETF flows that carried the market higher went into reverse.

The bank now sees bitcoin at $82,000 a year out, down from $112,000. It’s the second time Citi has trimmed those numbers in 2026. An earlier round of cuts had already pulled bitcoin down from $143,000. 

What changed most is how Citi thinks about Bitcoin ETFs. The bank had been penciling in $10 billion of net inflows over the coming year. It now expects zero. 

That is a big swing, and it reflects what has happened in the funds themselves: BTC ETFs have shed roughly $3.3 billion in 2026, and June alone saw $4 billion walk out the door — the worst month on record for the products.

Citi’s analysts tied the downgrade to a mix of softer investor demand, those negative ETF flows, and a Washington that has yet to move on digital asset legislation. 

They also raised a more specific worry: that digital asset treasury companies, which have loaded up on bitcoin, might start selling. Add in a broader shift of money toward anything with an AI label, and the setup for crypto has turned defensive.

If things get worse, they could get a lot worse. Citi’s bear case — built on a recession and a steady drip of ETF withdrawals — puts BTC at $53,000 over the next 12 months.

Bitcoin price jumps above $60,000

Bitcoin currently trades at $60,041, up $1,698 (2.91%) on the day, per the live chart dated July 1, 2026. 

Over the past 24 hours it swung between a low of $57,717.55 and a high of $60,473.99, with the biggest push coming after 9:00 a.m., when price broke from around $58,500 up past $60,400. 

Volume ran to 446,377 BTC, or $26.85 billion. Market cap sits at $1.20 trillion, according to Bitcoin Magazine data.

Back in April, Citi said adding bitcoin alongside gold could improve portfolio performance, arguing that splitting a traditional 5% gold allocation between the two assets enhanced returns while providing better resilience during inflationary and bond market stress. 

The report also noted BTC was increasingly behaving as both a geopolitical hedge and a neutral settlement asset, with analysts pointing to strong price momentum, bearish derivatives positioning that could fuel further gains, and BTC outperforming gold during recent market volatility.

This post Citi Slashes Bitcoin Target to $82,000 as ETF Money Heads for the Exits first appeared on Bitcoin Magazine and is written by Micah Zimmerman.