SoSo Daily Feb 21 | The Canary Litecoin ETF has been listed on the DTCC website.

Let's turn our attention to today's overall Crypto market situation.
As of 5:59 AM on February 21, 2025, according to sosovalue, the total market cap of the crypto market stands at 3.36 trillion US dollars, witnessing a decrease of 0.426% compared to yesterday; the total trading volume is 101.58 billion US dollars, marking an increase of 6.67% from the previous day.

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 KAITO. As of 05:50 today, its market cap is 341.88M, with a coin price of 1.4163 USD, witnessing a 24-hour increase of 1320%.
The second is Pi Network. As of 05:50 today, its coin price is 0.65750 USD, with a 24-hour increase of 558%.
The third is Neiro on ETH. As of 05:50 today, its coin price is 0.00019308 USD, showing a 24-hour increase of 455%.
In fourth place is Story. As of 05:50 today, its coin price is 4.8790 USD, with a 24-hour rise of 59.5%.
In fifth place is SafeMoon. As of 05:50 today, its coin price is 0.000057570 USD, increasing by 53.5% over the last 24 hours.




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

According to Wu, the Canary Litecoin ETF (Canary Litecoin ETF SHS BEN INT) (code: LTCC) has been listed on the DTCC website, with the Create/Redeem section indicated as D. Being listed on the DTCC website is part of the "standard process" in preparation for launching a new ETF, and this move does not imply that the ETF has received any regulatory approval or other approval outcomes.

Next news:

According to SoSoValue, as of February 20th (Eastern Time), Bitcoin spot ETFs experienced a total net outflow of $364.93M.

Yesterday, Grayscale's ETF GBTC had a net outflow of $33.53M, bringing GBTC's total historical net outflow to $22.05B.

Grayscale Bitcoin Mini Trust ETF $BTC had a net outflow of $ 61.10M，bringing Grayscale Bitcoin Mini Trust ETF $BTC's total historical net inflow to $1.20B.

The Bitcoin spot ETF with the highest net inflow for the day was Bitwise's ETF BITB, with a daily net inflow of $24.14M, with BITB's total historical net inflow reaching $2.19B.

Following that, VanEck's ETF HODL had a daily net inflow of $4.18M, with HODL's total historical net inflow reaching $866.66M.

As of this writing, the total net asset value of Bitcoin spot ETFs stands at $114.86B, with the ETF net asset ratio (the market value relative to the total market value of Bitcoin) reaching 5.88%. The historical cumulative net inflow has reached $39.62B.

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

Next news:According to Bloomberg, as new European regulations require crypto service providers to delist unlicensed stablecoins, Kraken is exploring the development of its own stablecoin, which is planned to be pegged to the US dollar and issued by Kraken's Irish subsidiary. Although the development of this stablecoin is still in its early stages, Kraken has announced that it will convert non-compliant cryptocurrencies on its European platform into equivalent stablecoins by March 31. Meanwhile, Crypto.com also plans to launch its own stablecoin in the third quarter of 2025 and promote it in the European market.
Next news:

According to Wu, the decentralized social protocol Mask Network announced a significant restructuring of its ecosystem MaskDAO on February 21, 2025. Three Web3 social projects: Next ID, Web3 Bio, and Firefly will become derivative projects under MaskDAO. After the spin-off, each project will be able to expand its team, innovate, and develop products, while also conducting tokenomics simulations to support fundraising.

Next news:According to Fortune, former FTX CEO Sam Bankman-Fried expressed his support for the Republican Party and criticized the Biden administration in an interview with the New York Sun. He stated his disappointment with the Democratic government and supported Elon Musk's plan for federal government cuts, saying it "needs to be cut more significantly." Bankman-Fried is currently sentenced to 25 years in prison for fraud. Previously, the parents of FTX co-founder Sam Bankman-Fried were seeking a pardon from President Trump for him.
Next news:

Odaily Planet Daily News Legislation allowing Utah to invest in Bitcoin has been approved by a state Senate subcommittee. The HB230 "Blockchain and Digital Innovation Amendment" bill passed the Utah Revenue and Taxation Subcommittee on February 20 with a vote of 4-2-1, and is currently undergoing second and third readings before the final Senate vote. The Bitcoin Reserve Bill has already passed in the House, so if it is approved in the Senate, Utah Republican Governor Spencer Cox just needs to sign the bill for Bitcoin to become a state reserve asset. (Cointelegraph)

Next news:

According to reports, Upbit will launch the ARKM $BTC and USDT trading pairs, as per the official announcement.

Next news:

According to SoSoValue data, it was reported that yesterday (Eastern Time on February 20), the total net outflow of Ethereum spot ETFs was $13.09 million. On the same day, Grayscale's Ethereum Trust ETF (ETHE) had a net outflow of $10.34 million, bringing the historical net outflow of ETHE to $4.00 billion.

Next news:

It is reported that Upbit will launch the JTO/KRW trading pair.

Next news:

According to Foresight News, Bloomberg ETF analyst Eric Balchunas commented on the "Canary Litecoin ETF being listed on the DTCC official website," stating, "While this does not mean it has been approved or is ready to begin trading, it does indicate that the issuer is preparing for when to start trading. We still believe that the probability of the Litecoin ETF being approved is 90%."

According to Foresight News, Bloomberg ETF analyst Eric Balchunas commented on the "Canary Litecoin ETF being listed on the DTCC official website," stating, "While this does not mean it has been approved or is ready to begin trading, it does indicate that the issuer is preparing for when to start trading. We still believe that the probability of the Litecoin ETF being approved is 90%."

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.