SoSo Daily Oct 19 | BTC spot ETF total net inflow was $273.71M yesterday, marking a 6 days of consistent inflow.

Let's turn our attention to today's overall Crypto market situation.
As of 11:59 AM UTC0 time on October 19, 2024, according to sosovalue, the total market cap of the crypto market stands at 2.45 trillion US dollars, witnessing a decrease of 0.797% compared to yesterday; the total trading volume is 105.94 billion US dollars, marking a decline of 2.8% from the previous day.

According to sosovalue, the price of $BTC is 68,100 USD, an increase of 0.533% from yesterday. The market cap of $BTC is 1.35 trillion USD, accounting for 55.1% of the total market cap; $BTC's 24-hour trading volume is 27.26 billion USD, making up 25.7% of the total trading volume.
The price of $ETH is 2,632 USD, up 0.306% from yesterday; the market cap of $ETH is 316.86 billion USD, representing 13% of the total market cap; $ETH's 24-hour trading volume is 12.76 billion USD, comprising 12% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 68.1% of the total cryptocurrency market cap, and their combined trading volumes constitute 37.7% 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 12:00 UTC0 time, according to sosovalue, the top five token gainers are:
Top 1 gainer is Goatseus Maximus. As of 11:55 today, its market cap is 467.79M, with a coin price of 0.46779 USD, witnessing a 24-hour increase of 29.9%.
The second is MATH. As of 11:55 today, its market cap is 87.85M, with a coin price of 0.49140 USD, witnessing a 24-hour increase of 29.6%.
The third is Petals. As of 11:55 today, its market cap is 118.65K, with a coin price of 0.0000084000 USD, showing a 24-hour increase of 27.3%.
In fourth place is Zephyr Protocol. As of 11:55 today, its market cap is 9.61M, its coin price is 1.9250 USD, with a 24-hour rise of 23.5%.
In fifth place is DeepBook. As of 11:55 today, its market cap is 129.01M, its coin price is 0.051605 USD, increasing by 22.1% 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, 14 are up and 2 are down. Notably, GameFi and Meme sectors are worth mentioning.
GameFi sector has risen 3.86% relative to the UTC 0 time, led by gains in bigtime (16.8%), slp (16.1%), and prime (14.1%).
Meme sector has increased 2.46% relative to UTC 0, with dog (16.9%), mumu (6.95%), and doge (6.41%) 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 18th (Eastern Time), Bitcoin spot ETFs experienced a total net inflow of $273.71M.

Yesterday, Grayscale's ETF GBTC had a net outflow of $0.00 , bringing GBTC's total historical net outflow to $20.10B.

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 $419.18M.

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 $109.86M, with ARKB's total historical net inflow reaching $2.86B.

Following that, BlackRock's ETF IBIT had a daily net inflow of $70.41M, with IBIT's total historical net inflow reaching $22.84B.

As of this writing, the total net asset value of Bitcoin spot ETFs stands at $66.11B, with the ETF net asset ratio (the market value relative to the total market value of Bitcoin) reaching 4.89%. The historical cumulative net inflow has reached $20.94B.

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

Next news:The NYSE and Cboe have received approval from the SEC to launch Bitcoin ETF options. This comes after Nasdaq was granted permission for options on spot Bitcoin ETFs.
Next news:According to on-chain data analyst @ai_9684xtpa, the whale 0x3ec...5F381 has withdrawn a total of 7,595 $ETH (approximately $20.22 million) from Scroll in the past 8 hours, subsequently depositing into Binance and Bybit. Additionally, the large holder 0x55e...3DF26 redeemed 2,501 $ETH (approximately $5.61 million) from ether.fi six hours ago, which has now been deposited into Binance.
Next news:According to Foresight News, Sandy, a core developer of Scroll, stated that as part of Scroll's long-term policy to prevent conflicts of interest, all co-founders and team members involved in the development of Scroll Sessions or airdrops will not receive the airdrop.
Next news:According to Wu, the DEX Ambient on the Scroll chain tweeted that its domain has been hijacked. The team is working with a special operations group and domain registrar to resolve the issue as quickly as possible. The contracts and funds remain secure, and users are advised not to access or interact with the Ambient Finance frontend until the issue is resolved. Previously, on October 17, the Ambient frontend had already suffered a hacking attack.
Next news:The Constitutional Court of Montenegro suspended the extradition of Do Kwon, the former founder and CEO of Terraform Labs, on October 18. The Supreme Court of South Korea had delegated the decision on Do Kwon's extradition to the Ministry of Justice in September. Both the United States and South Korea have submitted extradition requests. The court stated that the extradition process would be suspended until a ruling is made on Do Kwon's appeal.
Next news:A certain meme trader recently made a profit of 117 times from trading GOAT and 855 times from trading GNON. This address spent 30 thousand dollars to purchase 11 million GOAT and sold 3 million GOAT for 279 thousand dollars, still holding 8 million GOAT (approximately 3.20 million dollars). Then, they spent 3,500 dollars to buy 27.58 million GNON, selling 579 thousand GNON for 7,000 dollars, and still holding 27 million GNON (approximately 302 thousand dollars).
Next news:According to CCData, Binance's cumulative spot and derivatives trading volume has exceeded 100 trillion US dollars, OKX ranks second with 24.9 trillion US dollars, followed by Bybit and Bitget, ranking third and fourth, with 13.2 trillion and 10.9 trillion respectively. HTX ranks fifth with 10.2 trillion.
Next news:According to Foresight News, the real-time ZK proof network ZEROBASE launched by Salus has announced the completion of a $5 million funding round, with participation from institutions such as Binance Labs, Lightspeed Faction, Dao5, Matrix Partners, IDG, and Symbolic Capital. The funds will be used to create a privacy-preserving computing network tailored for ZK use cases.
Next news:QCP analysis indicates that Bitcoin has risen by 10.48% this week, coming within a step of the psychological barrier of $70,000. $BTC ETFs continue to attract inflows, with Friday's inflow amounting to $203.30 million, demonstrating strong institutional demand. The approval of $BTC ETF options listings by the U.S. SEC will increase liquidity and attract more sustained inflows. Additionally, Bitcoin's market share has reached a multi-year high of 58%, nearing the key resistance level of 60%, which may create conditions for the recovery of L1 projects. Meanwhile, Japan's inflation rate has fallen to 2.5%, and the market anticipates that the Bank of Japan will not raise interest rates in the short term, further pushing down the USD/JPY exchange rate and strengthening market risk appetite.

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.