Despite the slowdown of the outputs, the feeling of investors remains very bassist, which affects annual entries and total assets under administration. Meanwhile, South Korea’s presidential leader Han Dong-Hoon, advocates Bitcoin ETF and cryptographic deregulation to position South Korea as a world leader in the industry. In Spain, BBVA received regulatory approval to offer commercial services of Bitcoin and Ethereum, expanding their cryptography offers in the midst of the EU MICA regulatory transition. Traditional financial institutions are making a clear priority to adopt digital assets despite current outputs.
Cryptocurrency ETPs continue to bleed
Cryptocurrency Products quoted in exchange (ETPS) experienced their fourth consecutive week of departures after throwing $ 876 million in the last week of negotiation. This continuous decrease occurred after the record outputs of $ 2.9 billion the previous week, which takes the total total of the amazing amount of $ 4.75 billion, according to Coinshares data March 10. Despite the slowest pace of the exits, the feeling of investors remains deeply bassist, and James Butterfill, head of Coinshares research, noticed market capitulation signs.
(Fountain: Coinshares)
Bitcoin The ETPs were the main driver of this departure trend, and represented $ 756 million, or 85% of the total exits of last week. In addition, the Bitcoin shorts ETPs recorded $ 19.8 million, the highest since December 2024.
The sustained departures greatly affected the tickets of the year to date, which have now fallen to $ 2.6 billion. Meanwhile, total assets under administration (AUM) decreased by $ 39 billion to $ 142 billion, which is the lowest level since mid -November 2024. This decrease is attributed to both sustained exits and negative price movements in the market.
The bearish feeling was not limited to Bitcoin, as a wide range of alternative He also recorded great exits. Ethereum ETPS VIO $ 89 million in retreats, while Tron and AAVE ETPs registered exits of $ 32 million and $ 2.4 million, respectively. However, some Altcoins managed to attract the interest of investors despite the broader decrease in the market. Solarium, XRPand Sui ETP registered tickets of $ 16.4 million, $ 5.6 million and $ 2.7 million, respectively. These tickets suggest that some investors are still looking for exposure to selected assets, even when the broader market with continuous exits.
(Fountain: Coinshares)
While the exits have been decreased compared to the previous week, the market is still under a lot of pressure, with investors extremely cautious In the midst of continuous uncertainty.
The South Korean candidate presses for Bitcoins ETFs
Despite the fact that Crypto ETPS has been fighting, a leading candidate in the next presidential elections of South Korea, have recently dong-hoon He described his position on cryptocurrency and advocated the deregulation and approval of Bitcoins ETF. In an interview on March 9, they said that there is a need for South Korea to position the avant -garde of cryptographic innovation by facilitating existing regulatory limitations. He said that cryptocurrency regulations You must relax and add that Bitcoin’s introduction could facilitate Institutional adoption and allow corporations to invest in digital assets.
The Pro-Crypto position of Han is seen by many as an effort to appeal to the youngest voters in the political landscape of South Korea, where neither the ruling party nor the opposition have nominated a presidential candidate due to current legal disputes. With the potential of an election at the end of this year, HAN is considered a favorite for the nomination of the PPP and could face the leader of the Democratic Party Lee Jae-Myung in a national survey.
Han Dong-Hoon
Han also mentioned the strong digital literacy of South Korea, and argued that the rapid cryptographic adoption of the nation is a reflection of its technological advance. He pointed out that Crypto’s decentralized nature makes it more challenging that governments control and suggested that excessive regulation could suffocate innovation. He also took credit for the decision of the National Assembly to delay the implementation of a cryptographic tax Until 2025, and declared that its tailoring opposition finally led to the bipartisan support for the delay.
Han held once as a general prosecutor and criticized legislators who once demanded the publication of a list of citizens who invested in cryptocurrencies. He dismissed the application as absurd and argued that many policy formulators lack a fundamental understanding of digital assets. It is especially concerned with whether regulatory agencies, including the Department of Justice, really understand the complexities of the cryptographic industry and warned that the wrong regulation could undermine The digital economy of South Korea.
They have also mentioned their vision once again for South Korea to become a world leader in the cryptographic sector, warning that restrictive policies could take capital out of the country. He put a lot of emphasis on his belief that those who seek to impose excessive regulations do not understand the fundamental principles of cryptocurrency and that the false regulatory steps could cause South Korea to lose their opportunity to establish global leadership in the industry.
BBVA of Spain expands cryptography services
Banco Bilbao Vizcaya Argentaria (BBVA) announced on March 10 that He received approval From Spain’s Securities Regulator, The National Securities Market Commission (CNMV), to offer bitcoin and Ethereum Commercial services to its customers. BBVA is the second largest bank in Spain, and will now allow its users to buy, sell and manage digital assets through its mobile application.
The Bank also developed its own cryptographic custody platform, ensuring total control of customers without third -party participation. The initial launch will be limited to a select user group before expanding to all private customers in Spain in the coming months.
The participation of BBVA in the cryptographic sector began in Switzerland, where it launched the Bitcoin custody and trade services for private banking clients in June 2021. Over time, the Swiss branch extended its offers to include Ethereum and the USDC Stablecoin. More recently, the Turkish subsidiary of BBVA, guaranteed BBVA KRIPTO, introduced the Crypto trade services to the public in January 2025.
Banco Bilbao Vizcaya Argentaria (BBVA)
The movement is being carried out after Markets in the regulation of cryptographic assets (Mica) It reached complete implementation at the end of 2024. Although the framework is now in force, cryptographic companies operating in the European Union have until July 2026 to fully meet their requirements under a transition phase of 18 months.
In response, traditional financial institutions and cryptographic companies have been working to ensure Mica Licenses and integrate digital asset services. Prime hidden brokerage I obtained your mica license In the Netherlands, on December 30, 2024, followed by Standard Chartered in Luxembourg on January 9 and the digital custody of Borse Stuttgart in Germany on January 17.
The main encryption exchanges are also adapting to the new regulatory environment. In January 2025, OKX, Crypto.comAnd Hashkey obtained the approval of the Mica, while Bybit, which recently faced the greatest trick in the history of cryptography, was eliminated from Black List of France. He is also interested in obtaining a Mica license. With the last approval of BBVA in Spain, the expanding cryptographic services of the Bank demonstrate that there is certainly a growing trend between traditional financial institutions to adopt digital assets under the new European regulatory framework.
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