SoSo Daily Oct. 12 | BTC spot ETF total net inflow was $253.54M yesterday, with the net asset ratio reaching 4.71%.

According to sosovalue, the price of $BTC is 62,800 USD, an increase of 3.63% from yesterday. The market cap of $BTC is 1.24 trillion USD, accounting for 54.3% of the total market cap; $BTC's 24-hour trading volume is 32.73 billion USD, making up 37.5% of the total trading volume.
The price of $ETH is 2,448.2 USD, up 1.74% from yesterday; the market cap of $ETH is 294.72 billion USD, representing 12.9% of the total market cap; $ETH's 24-hour trading volume is 12.87 billion USD, comprising 14.8% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 67.2% of the total cryptocurrency market cap, and their combined trading volumes constitute 52.3% 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 05:55 UTC0 time, according to sosovalue, the top five token gainers are:
Top 1 gainer is Neiro on ETH. As of 05:55 today, its market cap is 113.50M, with a coin price of 0.11350 USD, witnessing a 24-hour increase of 49.1%.
The second is Silly Dragon. As of 05:55 today, its market cap is 22.97M, with a coin price of 0.022970 USD, witnessing a 24-hour increase of 45.3%.
The third is First Neiro on Ethereum. As of 05:55 today, its market cap is 898.38M, with a coin price of 0.0021355 USD, showing a 24-hour increase of 39.7%.
In fourth place is Axelar. As of 05:55 today, its market cap is 637.64M, its coin price is 0.78840 USD, with a 24-hour rise of 35.7%.
In fifth place is Myro. As of 05:55 today, its market cap is 117.00M, its coin price is 0.11700 USD, increasing by 33% 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, 16 are up and 0 are down. Notably, AI, Meme, and DePIN sectors are worth mentioning.
AI sector has risen 9.73% relative to the UTC 0 time, led by gains in arkm (20.1%), tao (14.9%), and lai (14.1%).
Meme sector has increased 6% relative to UTC 0, with silly (48.6%), NEIRO (38.8%), and myro (34.1%) leading the rise.
DePIN sector has risen 4.93%, with IO (13.4%), MSN (10.9%), and flt (10.9%) leading the rise.

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

According to SoSoValue, as of October 11th (Eastern Time), Bitcoin spot ETFs experienced a total net inflow of $253.54M.

Yesterday, Grayscale's ETF GBTC had a net outflow of $22.09M, bringing GBTC's total historical net outflow to $20.19B.

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 $401.15M.

The Bitcoin spot ETF with the highest net inflow for the day was Fidelity's ETF FBTC, with a daily net inflow of $117.10M, with FBTC's total historical net inflow reaching $9.99B.

Following that, Ark Invest and 21Shares's ETF ARKB had a daily net inflow of $97.58M, with ARKB's total historical net inflow reaching $2.55B.

As of this writing, the total net asset value of Bitcoin spot ETFs stands at $58.66B, 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 $18.81B.

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

Next news:Ripple co-founder Chris Larsen donates $1 million in crypto to PAC supporting Kamala Harris' campaign
Next news:According to reports, the Avalanche Foundation tweeted that it has reached an agreement to repurchase all AVAX tokens sold to the Luna Foundation Guard (LFG) before April 2022, and is currently awaiting approval from the bankruptcy court. This move ensures that LFG will not violate the original agreement regarding the restrictions on the use of the tokens and protects the tokens from the complexities of liquidation by the bankruptcy trustee, while returning 1.97 million AVAX to the foundation's holdings. This further enhances the foundation's ability to support the continued growth and development of the Avalanche ecosystem.
Next news:According to Wu, the Singaporean cryptocurrency trading platform Fairdesk announced via Twitter that it will officially shut down all services on November 30, 2024. Users must liquidate their accounts (futures and spot positions) by October 17, after which the platform will only retain withdrawal functionality until the closure on November 30. Since its establishment in 2021, Fairdesk has provided trading services to users in the United States and Canada, but the platform has decided to permanently close due to changes in the regulatory environment.
Next news:According to a document dated October 11, Wu Shuo has learned that the U.S. SEC has once again postponed its decision on the spot Ethereum ETF options. The document states that the SEC has delayed making a decision on the proposed rule change, which aims to allow the Cboe exchange to list options related to several popular spot Ethereum ETFs. Initially, the SEC was required to make a decision on the proposal by October 19, 2024. Following this extension, the new review deadline has been postponed to December 3, 2024. The SEC stated that this extended timeframe will provide it with more time to fully assess the potential impact of the proposal on the market.
Next news:Wu has learned that Binance founder CZ tweeted that there are deepfake videos of him on other social media platforms. Please be cautious of scams.
Next news:According to Bitget market data, Bitcoin has risen above 61,000 USDT, currently quoted at 61,020.21 USDT, with a daily increase of 1.18%.
Next news:According to official announcements from Wu, the USDC trading zone under OKX's spot trading will add the following USDC trading pairs on October 14, 2024, from 5:00 PM to 5:30 PM (UTC+8): AEVO-USDC, ATH-USDC, CATI-USDC, ETHFI-USDC, JUP-USDC, ZETA-USDC.
Next news:According to the official website of Huobi HTX, Huobi HTX has updated the Merkle tree asset proof data for October 2024 at 00:00:00 (UTC+8) on October 1. The reserve ratios of the 8 audited assets remain above 100%. This update marks the 24th public disclosure since Huobi HTX introduced the Merkle tree audit mechanism. The specific updated reserve ratios are: $BTC 100%, $ETH 101%, TRX 105%, USDT 100%, HTX 105%, XRP 102%, DOGE 101%, SOL 102%.
Next news:According to Wu Shuo, Khosla Ventures has raised a $405 million Special Purpose Vehicle (SPV) to invest in OpenAI's $6.60 billion funding round, as reported by The Information. Sources revealed that the SPV will consist of funds from Khosla Ventures and external investors. Venture capitalists typically support startups, but they also aggregate funds through SPVs to participate in later funding rounds. Previous projects that Khosla Ventures has invested in include: NEAR ecosystem blockchain infrastructure company Calimero Network, Worldcoin, investment application Seashell, Chain (XCN), and others.

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.