Crypto inflows hit $4.9 billion year-to-date as Tether acquires SoftBank’s 26% stake in Twenty One Capital, boosting institutional Bitcoin exposure.
Crypto exchange-traded products have seen $4.9 billion in year-to-date inflows despite recent outflows, reflecting sustained institutional interest in digital assets. Tether, the stablecoin issuer, has acquired SoftBank’s 26% stake in Twenty One Capital, a corporate Bitcoin vehicle holding over 42,000 BTC valued at $3.34 billion.
Twenty One Capital, backed by Tether, Bitfinex, and Cantor Fitzgerald, initially focused on Bitcoin accumulation but is now expanding into financial services. The deal strengthens Tether’s influence as demand for Bitcoin treasury exposure grows among institutions.
Bitcoin miners are also diversifying into AI infrastructure, leveraging their power access and data center capacity to support high-performance computing workloads amid the AI boom.