SoSo Daily Oct 22 | BTC spot ETF total net inflow was $294.29M yesterday, marking a 7 days of consistent inflow.

Let's turn our attention to today's overall Crypto market situation.
As of 5:59 AM UTC0 time on October 22, 2024, according to sosovalue, the total market cap of the crypto market stands at 2.45 trillion US dollars, witnessing a decrease of 3.41% compared to yesterday; the total trading volume is 118 billion US dollars, marking an increase of 32.9% from the previous day.

According to sosovalue, the price of $BTC is 67,576 USD, a decrease of 2.11% from yesterday. The market cap of $BTC is 1.34 trillion USD, accounting for 54.6% of the total market cap; $BTC's 24-hour trading volume is 38.37 billion USD, making up 32.5% of the total trading volume.
The price of $ETH is 2,646 USD, down 3.42% from yesterday; the market cap of $ETH is 318.55 billion USD, representing 13% of the total market cap; $ETH's 24-hour trading volume is 17.36 billion USD, comprising 14.7% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 67.6% of the total cryptocurrency market cap, and their combined trading volumes constitute 47.2% 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 05:55 UTC0 time, according to sosovalue, the top five token gainers are:
Top 1 gainer is Zephyr Protocol. As of 05:55 today, its market cap is 19.53M, with a coin price of 3.8990 USD, witnessing a 24-hour increase of 33.1%.
The second is Pocket Network. As of 05:55 today, its market cap is 95.30M, with a coin price of 0.056380 USD, witnessing a 24-hour increase of 27.5%.
The third is Onomy Protocol. As of 05:55 today, its market cap is 4.25M, with a coin price of 0.031530 USD, showing a 24-hour increase of 27.4%.
In fourth place is Refereum. As of 05:55 today, its market cap is 204.57K, its coin price is 0.000041940 USD, with a 24-hour rise of 21%.
In fifth place is Onyxcoin. As of 05:55 today, its market cap is 47.45M, its coin price is 0.0015281 USD, increasing by 16.4% 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, all 16 are down. Notably, $ETH, Layer2, and AI sectors are worth mentioning.
$ETH sector has fallen -3.25% relative to the UTC 0 time, led by declines in $ETH (-3.25%).
Layer2 sector has decreased -3.38% relative to UTC 0, with ARPA (-17.8%), SKL (-5.38%), and IMX (-5.21%) leading the drop.
AI sector has fallen -4.29%, with GTAI (-8.93%), PAAL (-8.82%), and HEART (-7.63%) leading the decline.

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

According to SoSoValue, as of October 21th (Eastern Time), Bitcoin spot ETFs experienced a total net inflow of $294.29M.

Yesterday, Grayscale's ETF GBTC had a net outflow of $4.85M, 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 BlackRock's ETF IBIT, with a daily net inflow of $329.03M, with IBIT's total historical net inflow reaching $23.17B.

Following that, Fidelity's ETF FBTC had a daily net inflow of $5.90M, with FBTC's total historical net inflow reaching $10.31B.

As of this writing, the total net asset value of Bitcoin spot ETFs stands at $65.34B, with the ETF net asset ratio (the market value relative to the total market value of Bitcoin) reaching 4.88%. The historical cumulative net inflow has reached $21.23B.

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

Next news:Ripple co-founder Larsen invests $10 million in XRP to support Kamala Harris in the election
Next news:According to @EmberCN, 7 hours ago, the ApeCoin treasury wallet transferred 5 million APE (7.55 million USD) to Wintermute, which then headed to Binance. APE has surged by 116% in the last 2 days due to Apechain's entry into the meme market.
Next news:According to Wu Shuo, Komainu, a cryptocurrency custody institution backed by Nomura Holdings, is acquiring its Singaporean competitor Propine Holdings Pte Ltd, marking Komainu's first acquisition. Komainu's co-CEO Paul Frost-Smith stated in an interview that the acquisition of Propine is awaiting approval from the Monetary Authority of Singapore, and this is expected to be the first of several acquisitions. He declined to disclose the specific amount Komainu is paying for Propine. Frost-Smith mentioned that acquiring Propine will enable Komainu to obtain a capital markets services license in Singapore, adding that this is "an absolute key factor in building the business."
Next news:Pump.fun's expense account sold 40 thousand SOL again 5 hours ago, worth approximately 6.68 million USD. Pump.fun has accumulated a total revenue of 969,945 SOL (162 million USD) to date, and has sold 503,343 SOL (78.70 million USD) at an average price of 156.4 USD.
Next news:Borderless Capital has launched a $50 million LATAM fund focused on Web3 projects in Latin America. Matias A., the Chief Financial and Investment Officer at the Avalanche Foundation, is also involved in this initiative.
Next news:Wu reported that the Ethereum liquidity re-staking protocol ether.fi has initiated a proposal to allocate up to 10 million ETHF (approximately 16.60 million USD) to encourage centralized exchanges (CEX) to use weETH as collateral for perpetual contracts. The proposal aims to provide incentives to CEX users through various marketing activities to promote the growth and adoption of weETH, with the voting window open for 4 days.
Next news:The Avalanche Foundation has launched the Avalanche Card, which allows users to pay with tokens such as WAVAX, USDC, and sAVAX at places that accept Visa, and it comes with both a physical card and a virtual card. The card is initially being issued in Latin America and the Caribbean, and users can now join the waiting list.
Next news:According to Cointelegraph, Coinbase has submitted two Freedom of Information Act (FOIA) requests to U.S. regulators, asking them to disclose information regarding the ongoing crackdown on cryptocurrencies by U.S. banks. Reportedly, the Federal Deposit Insurance Corporation (FDIC), which provides insurance for bank deposits, has requested that banks set a limit on deposits from cryptocurrency companies to 15% of total deposits.
Next news:According to Foresight News, the Indonesian Commodity Futures Trading Regulatory Agency (Bappebti) has announced an extension for cryptocurrency exchanges to obtain the Physical Cryptocurrency Asset Trader (PFAK) license, now due in the last week of November 2024. This extension provides potential applicants for the license with more opportunities to fulfill all regulatory obligations. Exchanges registered as CPFAK have the opportunity to apply for PFAK after becoming members of a futures exchange and a cryptocurrency futures clearinghouse. CPFAK that have not yet obtained membership need to complete this process.

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.