U.S. spot bitcoin BTC$62,300.09 ETFs ended a record 13-day streak of outflows, adding $3.05 million on Thursday after losing more than $4.4 billion in redemptions since mid-May.The outflows, together with the plunging price of the largest cryptocurrency, dragged total bitcoin ETF assets down to $80.40 billion from $104.29 billion at the start of the streak. It’s worth keeping in mind the size of yesterday’s inflows compared with the outflows. The $3 million figure is less than any single day of outflows during the period, which mostly saw exits above $100 million.BlackRock’s IBIT, the largest fund in the category, received $47.66…

Last March, U.S. District Judge Richard J. Leon ruled that President Donald Trump’s White House ballroom project is illegal because “no statute comes close to giving the President the authority he claims to have.” But even if higher courts ultimately agree with Leon, a Justice Department lawyer argued on Friday, they cannot stop the project. The lawyer, Yaakov Roth, was asking the U.S. Court of Appeals for the D.C. Circuit to overturn Leon’s preliminary injunction, which it temporarily stayed in April, or block it while the case, National Trust for Historic Preservation v. NPS, is pending. Because the ballroom project serves national security…

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