Bitcoin fell nearly 2% to $76,252 and Ethereum dropped 3% to about $2,365 on Saturday after Iran said the Strait of Hormuz was shut. The two coins were still up about 5% over the past seven days after earlier reaching two-month highs. President Donald Trump said this week that the war would end soon, but on Saturday he said closing the waterway would be blackmail. Farside Investors data shows U.S. Bitcoin ETFs drew nearly $1 billion this week and Ethereum ETFs added close to $276 million.

US-listed spot Bitcoin ETFs drew about $664 million on April 17, their largest daily inflow since January. The surge followed Iran's announcement that the Strait of Hormuz had reopened to commercial shipping for the duration of the ceasefire, which Donald Trump later confirmed. SoSoValue data shows IBIT led with $284 million, while the 12 funds pulled in $996 million over the week. Ecoinometrics said the recent flow pattern still lacks the clustered inflows that usually support a durable breakout.

Kelp DAO's rsETH cross-chain bridge was exploited, and about 116,500 rsETH worth about $292 million was drained. Kelp DAO paused core contracts to block further attempts. Kelp DAO said it is investigating with LayerZero and Unichain. Aave froze rsETH markets and is assessing potential bad debt.

Kelp DAO said it identified suspicious cross-chain activity after $293.7 million in rsETH was drained from its rsETH adapter. Kelp DAO paused rsETH contracts while it investigates the incident with security experts. Aave froze rsETH markets on Aave v3 and Aave v4. Cyvers said the funds were swapped back to Ethereum and Arbitrum.

Arkham Intelligence said Morgan Stanley’s spot Bitcoin ETF wallets are now publicly traceable, with on-chain holdings of about $102.79 million, or about 1,348 BTC. MSBT began trading on NYSE Arca on April 8 as the first spot Bitcoin ETF issued by a major US bank. Arkham said the fund’s wallet data trails allocation decisions by one day because the ETF settles on a T+1 cycle. MSBT charges a 0.14% annual fee, below BlackRock’s 0.25% for IBIT.