Institutional whales are on the move, and ETF inflows aren't letting up.

Hey gang, Ross Brand, with your Bitcoin

Universe: Daily Update, here's today's top three Bitcoin stories you need to know before you make your next move.

A massive 49,000 Bitcoin worth more than 2.8 billion, was transferred from Kraken in a single transaction on Monday, while the identity behind the transfer remains unknown on chain, analysts suggest it could be tied to custodial movement or long-term storage by an institutional player.

Large outflows like this often signal reduced cell pressure and increased confidence in 's long-term value, Crypto,Quant, CEO, Ki, Young Ju says the transfer is likely an internal or custody-related move, but it reflects institutional activity ramping up.

A wallet identified as belonging to Space X move 1,308 Bitcoin valued at around $153 million in a single transfer.

Yesterday, the move sparked speculation across X about Elon Musk's continued interest in Bitcoin, though there's no indication of a sale or strategy shift, the timing so close to other large institutional movements added fuel to the conversation on chain analyst James check of glass node notes that high profile moves like this often precede market interest, even if they're not buys or sells and spot Bitcoin, ETFs raked in 403 million in combined inflows on Monday, Continuing July, strong momentum.

Black Rocks, I bet Fidelity's F.

BTC led the pack with Bitwise as bit be close behind persistent ETF demand during market consolidation suggests institutional conviction is holding steady.

ETF analyst Eric Balchunas of Bloomberg writes these numbers show Bitcoin isn't a fad for institutions.

It's a strategic allocation.

Also worth noting, PNC Bank plans to offer bitcoin trading, according to CEO Bill Demchak on CNBC.

It's part of a broader trend where no bank wants to be the last to offer Bitcoin.

And that's your Bitcoin Universe: Daily Update for Wednesday, July 23, 2025 I'm Ross Brand, tracking what matters in Bitcoin and helping you make sense of it.

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