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

According to sosovalue, the price of $BTC is 67,297 USD, a decrease of 1.34% from yesterday. The market cap of $BTC is 1.33 trillion USD, accounting for 54.6% of the total market cap; $BTC's 24-hour trading volume is 42.74 billion USD, making up 38.5% of the total trading volume.
The price of $ETH is 2,633.5 USD, down 2.67% from yesterday; the market cap of $ETH is 317.04 billion USD, representing 13% of the total market cap; $ETH's 24-hour trading volume is 17.47 billion USD, comprising 15.7% 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 54.2% 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 12:00 UTC0 time, according to sosovalue, the top five token gainers are:
Top 1 gainer is Zephyr Protocol. As of 11:55 today, its market cap is 21.78M, with a coin price of 4.3480 USD, witnessing a 24-hour increase of 55.2%.
The second is Stella. As of 11:55 today, its market cap is 103.40M, with a coin price of 0.11540 USD, witnessing a 24-hour increase of 41.2%.
The third is Pocket Network. As of 11:55 today, its market cap is 104.76M, with a coin price of 0.061980 USD, showing a 24-hour increase of 40.9%.
In fourth place is MATH. As of 11:55 today, its market cap is 116.69M, its coin price is 0.65270 USD, with a 24-hour rise of 22.7%.
In fifth place is Goatseus Maximus. As of 11:55 today, its market cap is 456.42M, its coin price is 0.45642 USD, increasing by 22.3% 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, 1 is up and 15 are down. Notably, NFT, GameFi, and AI sectors are worth mentioning.
NFT sector has fallen -2.9% relative to the UTC 0 time, led by declines in ese (-18.8%), epik (-14%), and talk (-11.8%).
GameFi sector has decreased -3.05% relative to UTC 0, with WAT (-13%), GOAL (-9.59%), and wlkn (-8.63%) leading the drop.
AI sector has fallen -3.19%, with gtai (-11%), paal (-5.88%), and AI (-5.5%) 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:The Kyber attacker transferred 600 $ETH through Tornado Cash over the past two days, worth approximately 1.65 million USD.
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: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:Karpatkey, a provider of on-chain fund management solutions for DAOs, announced the completion of a $7 million financing round, with participation from AppWorks Ventures and Wintermute Ventures. The new funds will be specifically used to expand Karpatkey's services to more DAOs and accelerate its expansion into traditional financial institutions. Karpatkey was launched in 2021 within GnosisDAO and became an independent entity earlier this year after a vote by the latter decided to spin off the on-chain financial manager into a separate entity. (The Block)
Next news:According to Wu, Upbit, the largest cryptocurrency exchange in South Korea, announced that it will list UNI on its KRW and USDT markets, with trading set to open at 15:00 Beijing time on October 22.
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.

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.