SoSo Daily Feb 1 | BTC spot ETF total net inflow was $318.56M yesterday, marking a 4 days of consistent inflow.

According to sosovalue, the price of $BTC is 102,030 USD, a decrease of 2.58% from yesterday. The market cap of $BTC is 2.02 trillion USD, accounting for 55.8% of the total market cap; $BTC's 24-hour trading volume is 44.08 billion USD, making up 31% of the total trading volume.
The price of $ETH is 3,253 USD, down 2.46% from yesterday; the market cap of $ETH is 392.05 billion USD, representing 10.8% of the total market cap; $ETH's 24-hour trading volume is 30.81 billion USD, comprising 21.7% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 66.6% of the total cryptocurrency market cap, and their combined trading volumes constitute 52.7% 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 Hong Kong time, according to sosovalue, the top five gainers are:
Top 1 gainer is Qtum. As of 11:50 today, its market cap is 431.41M, with a coin price of 4.0890 USD, witnessing a 24-hour increase of 41%.
The second is SpaceN. As of 11:50 today, its coin price is 1.1910 USD, with a 24-hour increase of 36.8%.
The third is Meson Network. As of 11:50 today, its coin price is 0.17780 USD, showing a 24-hour increase of 35.6%.
In fourth place is Chainflip. As of 11:50 today, its coin price is 1.5717 USD, with a 24-hour rise of 26.1%.
In fifth place is Wall Street Memes. As of 11:50 today, its coin price is 0.0010033 USD, increasing by 25.8% 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, 0 are up and 16 are down. Notably, DeFi, RWA, and AI sectors are worth mentioning.
DeFi sector has fallen by 4.55% relative to the UTC 0 time, led by declines in frm (-23.4%), rune (-20.2%), and vega (-19.8%).
RWA sector has decreased by 5.23% relative to UTC 0, with Usual (-12.8%), cpool (-12.8%), and ondo (-7.95%) leading the drop.
AI sector has fallen by 8.07%, with GRIFT (-37.1%), NEUR (-32.6%), and arc (-25.5%) 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 January 31th (Eastern Time), Bitcoin spot ETFs experienced a total net inflow of $318.56M.

Yesterday, Grayscale's ETF GBTC had a net outflow of $30.59M, bringing GBTC's total historical net outflow to $21.89B.

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 $1.23B.

The Bitcoin spot ETF with the highest net inflow for the day was BlackRock's ETF IBIT, with a daily net inflow of $363.83M, with IBIT's total historical net inflow reaching $40.48B.

Following that, Ark Invest and 21Shares's ETF ARKB had a daily net inflow of $35.59M, with ARKB's total historical net inflow reaching $2.95B.

As of this writing, the total net asset value of Bitcoin spot ETFs stands at $119.66B, with the ETF net asset ratio (the market value relative to the total market value of Bitcoin) reaching 5.94%. The historical cumulative net inflow has reached $40.50B.

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

Next news:

According to Foresight News, swarms tweeted that the price has been manipulated due to the team's low token holding (2%). They are currently pushing a new proposal to establish a DAO and increase the team's token holding to 10%. This proposal will ensure they have the resources to continue supporting the agency's infrastructure projects and protect against malicious whales and bad actors. Additionally, the official will pay profits to DAO investors on a quarterly basis.

According to Foresight News, swarms tweeted that the price has been manipulated due to the team's low token holding (2%). They are currently pushing a new proposal to establish a DAO and increase the team's token holding to 10%. This proposal will ensure they have the resources to continue supporting the agency's infrastructure projects and protect against malicious whales and bad actors. Additionally, the official will pay profits to DAO investors on a quarterly basis.

Next news:

The Las Vegas Sphere officially denied reaching an advertising agreement with the Solana meme coin Dogwifhat (WIF), stating that there has never been any collaboration and expressing concern over the project team's use of its name for promotion. Previously, the Dogwifhat team hinted at an upcoming advertisement on Twitter, leading to a temporary surge of 34.7% in WIF, but they later deleted the related posts. (Decrypt)

Next news:

According to Wu Shuo, data from SoSoValue shows that yesterday (Eastern Time January 31), the total net inflow of Ethereum spot ETFs was 27.78 million USD. The Ethereum spot ETF with the highest single-day net inflow yesterday was BlackRock ETF ETHA, which had a single-day net inflow of 57.27 million USD. Currently, the total historical net inflow for ETHA has reached 4.14 billion USD.

Next news:According to Wu Shuo, the official announcement revealed that the U.S. Securities and Exchange Commission (SEC) has postponed the approval of Grayscale's Digital Large Cap Fund's conversion to a spot ETF's rule change. The proposal was initially submitted on October 15, 2024; however, due to significant legal and market regulatory issues involved, the SEC extended the review period until December 17, 2024, to determine whether to approve or reject the proposed rule change.
Next news:According to Wu's report and Fortune, since Trump's election, several companies have submitted numerous cryptocurrency ETF applications, including Solana, Dogecoin, and Litecoin. The cryptocurrency asset management firm Grayscale has also applied for an XRP exchange-traded fund. However, Bloomberg analyst James Seyffart warns against being overly optimistic at this time, although he believes that the XRP ETF could potentially be approved in 2025, while other cryptocurrency ETFs may precede it. The U.S. Securities and Exchange Commission (SEC) is currently involved in litigation regarding whether "XRP is a security," and the SEC has never classified Litecoin as a security. Therefore, it would not be surprising to see a Litecoin ETF emerge first.
Next news:

Odaily Planet Daily News Matt Hougan, Chief Investment Officer of Bitwise, stated on X platform that the traditional four-year cycle of Bitcoin may have come to an end. He believes that with the influx of institutional investors and the maturation of market structure, Bitcoin's price volatility and cyclicality will become more stable, no longer significantly influenced by halving events. The Bitcoin market is entering a new phase dominated by macroeconomic factors and long-term investment strategies. As the crypto market evolves, traditional market cycles may no longer be applicable, marking a shift towards broader institutional integration and sustained investor interest. Meanwhile, changes in Washington's attitude towards cryptocurrencies will have a greater impact, potentially leading to trillions of dollars in capital inflow. Compared to the past few years, any pullbacks will be shorter and shallower, and we are entering a new mainstream era for cryptocurrencies.

Next news:Wu learned that 21Shares officially submitted an S-1 registration application to the U.S. Securities and Exchange Commission (SEC) on Friday, planning to launch a Polkadot trust fund, with its common stock intended to be listed on the Cboe BZX exchange. Upon redemption, DOT will be transferred to DOT counterparties for sale, and the cash proceeds generated will be paid to authorized participants.
Next news:

According to Foresight News, monitored by Onchain Lens, a newly created wallet has transferred 14 million WIF from Binance, worth approximately 15.48 million USD.

According to Foresight News, monitored by Onchain Lens, a newly created wallet has transferred 14 million WIF from Binance, worth approximately 15.48 million USD.

Next news:Wu learned that UBS Group, a Swiss banking giant managing $5.70 trillion in assets, has been testing its UBS Key4 Gold product on the Ethereum L2 network ZKSync to explore scaling and privacy solutions.

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.