Market Demand

Tether’s USDT stablecoin is trading at an unusually high premium on Indian crypto exchanges, with some market participants seeing prices well above the usual one-dollar peg. Executives at CoinDCX and CoinSwitch say the gap is being driven by demand and supply imbalances, not exchange pricing tactics or hidden fees.

U.S. spot bitcoin ETFs have attracted roughly $4.06 billion in net outflows so far in June, setting up the worst month since launch. Last week alone, investors pulled about $1.79 billion from the funds.