SoSo Daily Oct 16 | BTC spot ETF total net inflow was $371.02M yesterday, with the net asset ratio reaching 4.8%.

Let's turn our attention to today's overall Crypto market situation.
As of 5:59 AM UTC0 time on October 16, 2024, according to sosovalue, the total market cap of the crypto market stands at 2.42 trillion US dollars, witnessing an increase of 0.146% compared to yesterday; the total trading volume is 135.46 billion US dollars, marking an increase of 13.9% from the previous day.

According to sosovalue, the price of $BTC is 67,198 USD, an increase of 2.81% from yesterday. The market cap of $BTC is 1.33 trillion USD, accounting for 54.8% of the total market cap; $BTC's 24-hour trading volume is 51.72 billion USD, making up 38.2% of the total trading volume.
The price of $ETH is 2,618.3 USD, up 0.898% from yesterday; the market cap of $ETH is 315.21 billion USD, representing 13% of the total market cap; $ETH's 24-hour trading volume is 18.59 billion USD, comprising 13.7% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 67.8% of the total cryptocurrency market cap, and their combined trading volumes constitute 51.9% 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 Holograph Utility Token (HLG). As of 05:55 today, its market cap is 3.15M, with a coin price of 0.0020640 USD, witnessing a 24-hour increase of 47.4%.
The second is WiFi Map (WIFI). As of 05:55 today, its market cap is 20.38M, with a coin price of 0.042270 USD, witnessing a 24-hour increase of 46.9%.
The third is Storj (STORJ). As of 05:55 today, its market cap is 88.40M, with a coin price of 0.61480 USD, showing a 24-hour increase of 29%.
In fourth place is DeepBook (DEEP). As of 05:55 today, its market cap is 94.51M, its coin price is 0.037803 USD, with a 24-hour rise of 28.8%.
In fifth place is Neon (NEON). As of 05:55 today, its market cap is 26.12M, its coin price is 0.45266 USD, increasing by 26.5% over the last 24 hours.


Moving on, let's take a look at the sector performance in crypto market.
According to sosovalue, out of 16 sectors, 7 are up and 9 are down. Notably, $BTC is worth mentioning.
$BTC sector has risen 2.84% relative to the UTC 0 time, led by gains in $btc with a 2.84% change.

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

According to SoSoValue, as of October 15th (Eastern Time), Bitcoin spot ETFs experienced a total net inflow of $371.02M.

Yesterday, Grayscale's ETF GBTC had a net inflow of $7.99M, bringing GBTC's total historical net outflow to $20.14B.

Grayscale Bitcoin Mini Trust ETF $BTC had a net inflow of $ 13.36M，bringing Grayscale Bitcoin Mini Trust ETF $BTC's total historical net inflow to $419.18M.

The Bitcoin spot ETF with the highest net inflow for the day was BlackRock's ETF IBIT, with a daily net inflow of $288.84M, with IBIT's total historical net inflow reaching $22.07B.

Following that, Fidelity's ETF FBTC had a daily net inflow of $35.03M, with FBTC's total historical net inflow reaching $10.26B.

As of this writing, the total net asset value of Bitcoin spot ETFs stands at $63.13B, with the ETF net asset ratio (the market value relative to the total market value of Bitcoin) reaching 4.8%. The historical cumulative net inflow has reached $19.73B.

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

Next news:Grayscale Investments has filed a request with the SEC to convert its mixed-crypto fund into an ETF. The fund contains bitcoin, ether, Solana, XRP, and Avalanche. Grayscale has previously converted Bitcoin and Ethereum funds into ETFs. The Digital Large Cap Fund currently trades over the counter and has assets under management of $524 million. Grayscale's spot bitcoin ETF has an AUM of about $14 billion. Bitwise and Canary Capital have also filed for permission to list spot XRP ETFs.
Next news:Canary Capital has filed a registration statement with the SEC for a Litecoin exchange-traded fund (ETF). The fund aims to provide exposure to the price of LTC held by the Trust. Canary Capital believes that Litecoin presents a unique opportunity for investors seeking exposure to a reliable cryptocurrency with significant enterprise-grade use cases. However, the approval of a Litecoin ETF may depend on the development of a sizeable and liquid futures market that is federally regulated in the US.
Next news:Arthur Hayes stated that due to risks such as geopolitical factors, he has reduced his holdings in meme tokens, with SCF being the only one he currently holds. He also mentioned that he has not stopped deploying funds into pre-sale token trades and is staking idle fiat currency on Ethena.
Next news:The cryptocurrency derivatives exchange Bitnomial has announced the completion of a $25 million funding round, led by Ripple Labs, and the launch of its perpetual futures trading platform, Botanical. This platform will offer trading in perpetual futures, traditional futures, and options. The CEO of Bitnomial stated that the platform aims to provide a regulated and innovative trading experience, utilizing Ripple's RLUSD stablecoin for settling perpetual futures. Previously, Bitnomial sued the U.S. SEC, questioning its regulatory authority over XRP futures.
Next news:According to SoSoValue data, on October 15th (Eastern Time), there was a total net outflow of 12.70 million USD for Ethereum spot ETFs in the United States. The Grayscale Ethereum Trust ETF (ETHE) experienced a net outflow of 15.29 million USD in a single day. The Grayscale Ethereum Mini Trust ETF ($ETH) had a net outflow of 0.00 USD for the day. The Ethereum spot ETF with the highest net inflow yesterday was the Fidelity ETF (FETH), which saw a net inflow of 2.59 million USD.
Next news:Kraken now allows non-U.S. customers to re-stake their staked $ETH directly on the Ethereum network and earn additional rewards through EigenLayer. Kraken's subsidiary, Staked, has been chosen as a validator for $ETH re-staking as an operator of EigenLayer. Users participating in re-staking can keep their rewards on Kraken or exchange them for fiat or other cryptocurrencies. This service is available in several regions across Europe, but customers in the U.S. and other areas affected by "geographic restrictions" cannot access it.
Next news:The "Network State" project Praxis has announced the completion of a $525 million financing round, with investors including GEM Digital, Arch Lending, and Manifold. Angel investors include Dan Romero (CEO of Farcaster), Tom Schmidt (Dragonfly GP), Rob Hadick (Dragonfly GP), Anirudh Pai (partner at Dragonfly), Kartik Talwar (CEO of ETHGlobal), Mert (CEO of Helius Labs), Max Novendstern (co-founder of Worldcoin), and Will Price among others.
Next news:According to Wu's report and monitoring by Arkham, Tesla made significant movements between 4:41 and 5:34 UTC+8 today, transferring all of its $BTC to several unmarked addresses. This includes a transfer of 1.10 thousand $BTC to the unmarked address: 1MGM8z…cLxSje, valued at approximately 73.77 million USD; a transfer of 1.30 thousand $BTC to the unmarked address: 1PhabQ…zVr6Vj, valued at approximately 87.18 million USD; a transfer of 1.60 thousand $BTC to the unmarked address: 1QC2zR…FZsJTp, valued at approximately 107 million USD; and a transfer of 1.80 thousand $BTC to the unmarked address: 1D6Vhf…9NsLvn, valued at approximately 121 million USD, among others. According to previous data from Arkham, Tesla held a total of 11,510 $BTC, and it is currently unclear whether these new unmarked addresses still belong to Tesla.
Next news:Tesla moves over $770 million worth of bitcoin to multiple new addresses

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.