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GM. This is Milk Road, the beta-blocker of crypto newsletters (we keep you cool, calm, and collected under pressure).

Here’s what we got for you today:

• ✍️ New tariffs just dropped

• ✍️ $IBIT cracks the top 5 YTD inflows

• 🎙️ The Milk Road Show: Predictions for BTC, ETH, XRP, BNB & SOL: Who Will Outperform in 2025? w/ David Siemer

• 🍪 A joint stablecoin?!

WE’RE SO BACK (THE TRADE WAR, THAT IS) 🥊

Babe, wake up! 

New tariffs just dropped!

…so, what now? (Is it time to freak out?)

I mean, you do you, but I’m keeping things tranquil – here’s why:

1/ We’ve played this game of “Boy who cried tariff” before

These trade restrictions may get imposed, sure – but whether or not they stick long term is a whole other question. 

(Are they for real? Are they a bargaining tactic? Only President Trump knows for sure.)

2/ If the crypto market ain’t worried, neither am I…

Over the last 24hrs, the top 10 cryptocurrencies by market cap have barely moved – the biggest loser was $TRON at 3.5%. 

(Which is essentially a rounding error when it comes to crypto volatility.)

3/ Our PRO team is unbothered and continuing to dollar cost average (DCA)

At this point, I pretty much do whatever our PRO team tells me.

Their consistent market reads (especially throughout this recent pullback) have earned my trust, and then some! 

Check this out:

The takeaway: 

I’m going to continue to DCA into fundamentally strong assets and chill, until told to do otherwise by our NOPs (Nerds On Payroll).

P.S. If you want to get real-time trade alerts and weekly deep dives from our PRO team as this next chapter of the trade war unfolds, click here and go PRO!

$IBIT CRACKS THE TOP 5 ETFS WITH LARGEST YTD INFLOWS 🤯

Good lord! 

$934.8M entered the Bitcoin ETFs yesterday – of which $877.2M came from BlackRock’s $IBIT, and we need to yap about it.

Not about yesterday's flows, but $IBIT as a whole.

First things first, check this chart out:

Now, here’re 5 “Holy hell, really?” moments we had when digging into this data:

1. On May 21, $IBIT cracked the top 5 year-to-date (YTD) flows across all ETFs

2. This is made even crazier when you consider it was ranked #47 just a month ago

3. Since breaking the top 5 on Wednesday, $IBIT has added another $1.4B of inflows

4. A whooole lot of these YTD flows came in the past month (around $7B total)

5. If it were to continue at this rate (which, to be fair, it likely won’t) – it’ll be #2 by June 26th

Oh, and as an added bonus: the largest gold ETF ($GLD) is at #14, to $IBIT’s #5.

If that ain’t the right way to start a weekend – I don’t know what is.

BITE-SIZED COOKIES FOR THE ROAD 🍪

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Some serious players are investing in $WLD. They raised $135M in their most recent token sale.

A joint stablecoin?! The big banks are planning to work together to build exactly that.

$HYPE has been killin’ it. Over the last two weeks, it’s gone up over 40%.

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*this is sponsored content.
**this is partner content.

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