Today in crypto, Republic Technologies raised $100 million to build a substantial Ether treasury, CoinShares reported that crypto investment products experienced their largest outflow of funds since February amid an ongoing period of market panic, and Bitcoin briefly slumped to its lowest price year-to-date as the crypto market pulls back.
Republic Technologies secures $100 million for Ether purchase
Republic Technologies — formerly Beyond Medical Technologies — has secured a $100 million convertible note facility to build a substantial Ether (ETH) treasury, using financial terms the company said are unique in the digital asset sector.
The facility carries a 0% interest rate, requires no ongoing interest payments and includes no collateral requirements if the price of Ether declines. Republic emphasized that the raise limits dilution, contrasting it with BitMine Immersion’s recent $365 million financing, which included warrant coverage and resulted in shareholder dilution.
Republic Technologies plans to deploy the capital to expand its Ether treasury strategy, joining at least 18 other publicly traded companies pursuing similar approaches, according to industry data.
Crypto ETPs see biggest weekly outflows since February as investors pull $2 billion
Crypto investment products logged their largest weekly outflows since February, shedding $2 billion as global risk appetite declined.
Crypto exchange-traded products (ETPs) saw $2 billion in outflows last week, up by nearly 71% from $1.17 billion recorded the previous week, CoinShares reported on Monday. This marks the third consecutive week of outflows, extending the cumulative outflow streak to $3.2 billion.
CoinShares’ head of research, James Butterfill, attributed the outflows to monetary policy uncertainty and selling by crypto-native whales. As a result, total assets under management (AUM) in crypto ETPs decreased to $191 billion, representing a 27% decline from their peak of $264 billion in October.
The United States accounted for 97% of the outflows, totaling $1.97 billion, while Germany was an outlier with $13.2 million in inflows, bucking the global trend.
While US-based crypto ETPs took most of the hits, the trend was reflected in many other countries.
Switzerland and Sweden recorded outflows of $39.9 million and $21.3 million, respectively. Meanwhile, Hong Kong, Canada and Australia saw combined outflows of $23.9 million.
The outflows hit Bitcoin (BTC) and Ether (ETH)-based ETPs the hardest. Bitcoin-based ETPs saw nearly $1.4 billion in funds exiting last week, which is about 2% of their total AUM.
Bitcoin briefly erases 2025 gains as crypto bleeds over weekend
Bitcoin briefly lost all of its gains this year after the crypto markets bled over the weekend, despite the US government reopening on Thursday, which was expected to provide much-needed relief to the markets.
Bitcoin (BTC) fell to a low of $93,029 on Sunday, down 25% from its all-time high in October. It started the year at $93,507. It has since rebounded to around $94,209, CoinGecko data shows.
This year was tipped to be a strong one for the crypto markets after US President Donald Trump was inaugurated on Jan. 20 and formed the most pro-crypto administration to date, which has followed through on most of his promises.
Regulatory momentum under the Trump administration has been accompanied by an explosion in corporate Bitcoin treasury adoption and more inflows into the spot Bitcoin exchange-traded funds.
However, Trump’s war on tariffs and the US government shutdown — the latter of which ended on Thursday after a record 43 days — have contributed to multiple double-digit Bitcoin price pullbacks throughout the year.
