On April 13, spot Bitcoin ETFs saw net outflows of $291 million, with Fidelity’s FBTC experiencing the largest outflow at $229 million. Products that recorded net inflows included BlackRock’s IBIT, Bitwise’s BITB, and Morgan Stanley’s MSBT.

Bernstein’s research report states that the Bitcoin pullback reflects market concerns about the risks of quantum computing, and argues that the quantum threat is manageable and does not constitute a systemic risk. Current technological progress provides a cushion for Bitcoin, giving developers 3 to 5 years to push forward a post-quantum upgrade. Institutional investors will help drive consensus formation, but user migration remains the main challenge.

U.S.-listed Bitcoin custody company Exodus Movement filed a lawsuit in Delaware state court on April 13, seeking W3C Corp and its CEO to carry out the 2025 share acquisition agreement and to speed up the completion of the transaction. Exodus has received approval from the UK’s financial regulator and plans to drive the acquisition forward through litigation and the enforcement of security interests.

Bitcoin and Ethereum prices were holding steady around April 13, and the overall crypto market weakened. Oil prices rebounded, influenced by the situation in the Middle East. Bitcoin ETF funds worth nearly $1 billion flowed in, but addresses still in unrealized losses remain in the majority, and open interest in futures contracts fell significantly.

Foundry launched a new mining pool for Zcash on April 13 to meet institutional demand for privacy coins. It has already attracted multiple miners, accounting for nearly one-third of the network’s newly added Zcash production. Zcash is based on zero-knowledge proof technology, which is even more favored by institutions, and its price has risen by more than 75% over the past 30 days.

Empery Digital disclosed that it sold 55 Bitcoins at an average price of $70,560, generating approximately $3.9 million in proceeds, bringing its holdings down to 2,934 Bitcoins. The company has repurchased about $147 million worth of shares and plans to continue selling Bitcoins to fund future repurchases and repay part of its debt.

Gate News message: On April 13, the third-party trading market Atomicals Market in the Bitcoin ecosystem posted on the X platform announcing that it will officially stop operating on April 30. The platform said that the current order and bid data are all stored off-chain, and they will no longer be displayed after the shutdown. Users do not need to take any additional action regarding their orders or quotes, but they must transfer their assets or export the AM Wallet private key before the service is discontinued.

Gate News message, according to AggrNews, Strategy purchased 13,927 Bitcoins for a total of $1 billion.

Bloomberg strategist Mike McGlone says that after a big surge in 2025, Bitcoin could face a sharp pullback, while similar risks exist for silver, gold, copper, natural gas, and crude oil—especially if crude oil prices spike, which could trigger even larger market ripple effects.

According to CoinShares’ research report, digital asset investment products recorded a net inflow of $1.1 billion last week, the highest in the year to date. Bitcoin saw inflows of $871 million, Ethereum inflows of $196.5 million, and XRP inflows of $19.3 million, with the U.S. driving the dominant inflows. Overall market risk appetite rebounded, reflecting investor demand.