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SoSo Daily Sept. 28 | BTC spot ETF total net inflow was $494.27M yesterday, marking a 7 days of consistent inflow.

SoSo Newsletter
3KWords
Sep 28, 2024


Today's Crypto Market Overview


Let's turn our attention to today's overall Crypto market situation.
As of 11:59 AM UTC0 time on September 28, 2024, according to sosovalue, the total market cap of the crypto market stands at 2.41 trillion US dollars, witnessing a decrease of 0.786% compared to yesterday; the total trading volume is 89.24 billion US dollars, marking a decline of 23.4% from the previous day.




According to sosovalue, the price of $BTC is 65,798 USD, an increase of 0.551% from yesterday. The market cap of $BTC is 1.30 trillion USD, accounting for 53.8% of the total market cap; $BTC's 24-hour trading volume is 25.75 billion USD, making up 28.9% of the total trading volume.
The price of $ETH is 2,675.9 USD, up 0.903% from yesterday; the market cap of $ETH is 322.08 billion USD, representing 13.3% of the total market cap; $ETH's 24-hour trading volume is 14.58 billion USD, comprising 16.3% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 67.1% of the total cryptocurrency market cap, and their combined trading volumes constitute 45.2% of the total trading volume.

After reviewing the overall crypto market situation, let's shift our focus to the top 5 token gainers of the day:
As of 11:55 UTC0 time, according to sosovalue, the top five token gainers are:
Top 1 gainer is KardiaChain. As of 11:55 today, its market cap is 17.31M, with a coin price of 0.0036260 USD, witnessing a 24-hour increase of 72.5%.
The second is MOO DENG. As of 11:55 today, its market cap is 302.48M, with a coin price of 0.30554 USD, witnessing a 24-hour increase of 59.5%.
The third is Velas. As of 11:55 today, its market cap is 29.82M, with a coin price of 0.011331 USD, showing a 24-hour increase of 56.8%.
In fourth place is SERO. As of 11:55 today, its market cap is 9.64M, its coin price is 0.022799 USD, with a 24-hour rise of 38.5%.
In fifth place is Cellframe. As of 11:55 today, its market cap is 10.25M, its coin price is 0.35610 USD, increasing by 37.3% over the last 24 hours.


Moving on, let's take a look at the sector performance in the crypto market.
According to sosovalue, out of 16 sectors, 11 are up and 5 are down. Notably, the Payment sector is worth mentioning.
The Payment sector has risen 3.1% relative to the UTC 0 time, led by gains in SAFE (16.5%), ecox (13.8%), and tpt (7.32%).

Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:

According to SoSoValue, as of September 27th (Eastern Time), Bitcoin spot ETFs experienced a total net inflow of $494.27M.


Yesterday, Grayscale's ETF GBTC had a net inflow of $26.15M, bringing GBTC's total historical net outflow to $20.09B.

Grayscale Bitcoin Mini Trust ETF $BTC had a net outflow of $ 0.00 ,bringing Grayscale Bitcoin Mini Trust ETF $BTC's total historical net inflow to $422.31M.

The Bitcoin spot ETF with the highest net inflow for the day was Ark Invest and 21Shares's ETF ARKB, with a daily net inflow of $203.07M, with ARKB's total historical net inflow reaching $2.72B.

Following that, Fidelity's ETF FBTC had a daily net inflow of $123.61M, with FBTC's total historical net inflow reaching $9.99B.


As of this writing, the total net asset value of Bitcoin spot ETFs stands at $61.21B, with the ETF net asset ratio (the market value relative to the total market value of Bitcoin) reaching 4.71%. The historical cumulative net inflow has reached $18.80B.


Source: https://sosovalue.com/assets/etf


Next news:Arthur Hayes posted on X that he has bought the Solana ecosystem meme coin Smoking Chicken Fish (SCF). After the tweet was published, the price of the coin rose by about 9% in a short time, and it is currently priced at $0.047.
Next news:Howard Lutnick, the CEO of financial company Cantor Fitzgerald, has called on regulators to classify Bitcoin as a commodity similar to gold and oil, and has urged for clearer regulations in the cryptocurrency sector.
Next news:According to SoSoValue data, yesterday (Eastern Time, September 27), the total net inflow of Ethereum spot ETFs was $58.65 million. Yesterday, Grayscale's Ethereum Trust ETF ETHE had a net outflow of $10.72 million, and the historical net outflow of ETHE currently stands at $2.90 billion. Grayscale's Ethereum Mini Trust ETF $ETH had a net inflow of $2.29 million yesterday, with the historical total net inflow for Grayscale Ethereum Mini Trust $ETH currently at $295 million. The Ethereum spot ETF with the highest net inflow yesterday was Fidelity ETF FETH, with a net inflow of $42.54 million, followed by BlackRock ETF ETHA, which had a net inflow of $11.46 million.
Next news:Wu learned that the U.S. Securities and Exchange Commission (SEC) has filed settlement charges against Mango DAO and Blockworks Foundation for offering and selling the "MNGO" governance tokens of the Mango Markets platform without registration. According to the SEC's allegations, these two entities raised over 70 million dollars through unregistered token sales since August 2021. To settle, Mango DAO, Blockworks Foundation, and Mango Labs have agreed to pay nearly 700 thousand dollars in civil penalties and to destroy all MNGO tokens; this settlement agreement is still subject to court approval.
Next news:A certain address suffered a phishing attack, resulting in a loss of over 12 thousand spETH, worth approximately 32.43 million USD.
Next news:According to Wu's report, Coinbase has announced that it will include EigenLayer (EIGEN) in its listing roadmap. EigenLayer is a Restake protocol based on Ethereum.
Next news:According to Coinglass data, there were 5,566.93 Bitcoins that flowed out of Binance in the past week, and 1,792.98 Bitcoins that flowed out of Kraken.
Next news:Elon Musk released an animated image featuring himself alongside Trump, with the characters D.O.G.E and captioned "Department of Government Efficiency" (D.O.G.E). In this image, Elon Musk and Trump appear to mimic the characters from the movie "Men in Black." Trump stated that if he wins the election in November, he will establish a Government Efficiency Committee led by Elon Musk.
Next news:According to Foresight News, the Season 0 of the Web3 game Seraph (from August 22 to September 25) has concluded. During the season, the game's revenue surpassed 2 million USD, and the total number of players exceeded 90,000, setting a new record in the game's testing history. The total NFT trading volume during Season 0 exceeded 2,600 $ETH, with a peak concurrent user count of 7,500 and a total of over 52,000 NFT transactions. Since testing began, the total trading volume of Seraph's game NFTs has reached 17,000 $ETH, with more than 163,000 transactions. Seraph indicated that its growth in the Web3 gaming sector has been rapid, and it expects to further optimize the game in future seasons to provide players with a better gaming experience.

Okay that's all for today. Thank you for tuning in, and we hope you found it helpful. Visit sosovalue.com, our one-stop financial research platform for crypto investors, to stay abreast of the latest market trends and key information. Until next time, goodbye.

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