加密货币市场

🚀Fight over handling fees among Ethereum spot ETF issuers before listing

📉Currently, there are several Ethereum spot ETFs on the market, including Franklin Templeton, VanEck, Bitwise, 21Shares, Fidelity, iShares, Grayscale Mini, etc. In order to grab market share, these institutions are engaged in fierce price wars and have launched zero-fee promotions. Among them, VanEck, 21Shares, iShares, and Grayscale Mini even waived handling fees for one year in order to grab users.

💼 At the same time, after the promotion period ended, Franklin Templeton's handling fee was 0.19%, the lowest in the market. VanEck and Bitwise's handling fees were 0.2%, and 21Shares' was 0.21%. The Ethereum ETF handling fees of Fidelity, iShares, Grayscale Mini, and Invesco Galaxy were 0.25%.

📊 However, Grayscale's native Ethereum ETF has a transaction fee of 2.5%, which I think is the main reason why Grayscale ETHE plummeted 10.28% today.

💡But if you are an adventurous investor, with ETHE's 10% drop, it is equivalent to giving you a chance to get a 10% ETH spot ETF for free.

👀It is reported that the launch of the Ethereum spot ETF is expected to start trading next Tuesday, which may bring new vitality to the market. But before that, ETHE investors need to pay close attention to every move in the market.

💬What do you think about the Ethereum spot ETF's fee dispute and Grayscale's ETHE's one-day drop of 10%? Share your thoughts in the comments!

#ETHE暴跌 #以太坊现货ETF #加密货币市场 #手续费之争

#币安7周年 #加密货币市场
Good afternoon, friends. It is the weekend when the market is sideways again. The current market is in the wash-out stage. Please read the following paragraph carefully to outperform at least 80% of the leeks:

1. Don’t open orders frequently
Those who can’t wait to open real orders every day are all leeks. Whether it is a contract or spot investment in the currency circle, patience and waiting are the most important. Instead of blindly betting on the market, it is better to wait for the market, seize a wave of unilateral market, and then roll the position with a small multiple, the success rate is relatively high!

2. Don’t open high-multiple orders
Don’t open contracts with large funds and high leverage, or you will be caught in an extreme market! Then you scold the dog dealer, is it because the dog dealer doesn’t give you a chance? No. It’s you who don’t give yourself a chance!

𝑩𝑻𝑪 𝑩𝒊𝒈𝒈𝒆𝒔𝒕 𝑪𝒓𝒂𝒔𝒉 𝑰𝒔 𝒀𝒆𝒕 𝑻𝒐 𝑪𝒐𝒎𝒆   This is what the bears will always say but remember that corrections are part of the crypto cycle. The same happened in 2017 and 2021 so don’t panic and use this opportunity to accumulate. $BTC $ETH $SOL

🚀 Bitcoin's dominance continues to grow, thanks to strong support from long-term holders

🔮 Let's talk about how Bitcoin's dominance in the market is getting stronger and stronger. Recently, the influence of stablecoins and altcoins has been declining sharply, while Bitcoin has been bucking the trend and consolidating its market position. $BTC
📊 According to Glassnode's latest report, since the cycle low in November 2022, Bitcoin's market share has soared from 38% to 56%, which is really impressive! At the same time, Ethereum's market share has fallen by 1.5%, and the shares of stablecoins and altcoins have also fallen by 9.9% and 5.9%, respectively.

💰 Despite the ups and downs of the market, long-term holders are still able to steadily make about $138 million in profits every day. Glassnode also found that despite the daily selling pressure faced by these investors, it actually reflects the huge amount of capital required to maintain a stable price for Bitcoin.

🔄 The report also noted that despite volatile market conditions, Bitcoin's price gains have been generally flat over the past few months, showing that the market is reaching some kind of balance.

📈 Interestingly, long-term holders have increased and short-term investors have suffered. Data shows that the supply of long-term holders is increasing rapidly, and their holding behavior far exceeds their spending. However, short-term holders have suffered huge losses during the recent economic downturn.

🤔 Glassnode analysis shows that Bitcoin's plunge of more than 15% to a six-month low in the first week of August was triggered by the "overreaction" of short-term holders. Currently, many short-term investors who bought during the 2024 rally are facing unrealized losses.

🧐 However, despite the blow to investor sentiment, the report believes that the situation may not be as bad as it seems.

💬 What do you think about the increase in Bitcoin's market dominance? Do you think the support of long-term holders is a decisive factor in market trends? What is your investment strategy in the current market environment? Welcome to share your views in the comment area!

#比特币主导地位 #加密货币市场 #长期持有者 #比特币

Sometimes, life is like an unexpected game. I have a friend who had to let go of her SHIB holdings during tough economic times, but due to a twist of fate, its value skyrocketed during the detention period, instantly achieving financial freedom. This makes me think that the unknowns of the investment world are fascinating, which is also why I ventured into cryptocurrency.

Tweet Body
The recent political turmoil has pushed the crypto market to new heights. Musk's crazy actions not only support gun rights but also stir emotions, potentially impacting the investment frenzy for the 2024 U.S. elections. Especially the market turbulence brought by the 'Trump trade' is driving up the dollar and related stocks. In this volatile backdrop, is Bitcoin an opportunity or a bubble? Currently, BTC is nearing the $70,000 mark, which is a critical moment for power struggles.

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I have already bought BTC at the current price of 67421.7 with all my holdings, looking forward to a surge towards $80,000! This time, I am willing to believe in the market's crazy logic. After all, seizing opportunities may make billionaires out of us in the future. $BTC $SHIB #马斯克大动作 #加密货币市场

(If you think this is good, give it a follow! 😉) #ETHBTC汇率新低 #BTC回升至6W7 #特斯拉股价大涨

🇩🇪German government clears out Bitcoin, market gets a little respite? 📊

Hey, cryptocurrency enthusiasts! Good news! The German government cleared out all their Bitcoins, yes, you heard it right, not a single one left! 😲 Does this mean that we can finally breathe a sigh of relief for a while, and no longer have to worry about the market selling pressure caused by the German government's selling?

But the point I want to express is, don't rush to relax, don't forget the Mt.Gox thing? That's 140,000 Bitcoins to be compensated! This number is extremely huge, the market is like a sword of Damocles, and risks may come at any time. 🗡️

So, friends, in the face of such market uncertainty, it is more reliable for us to hold some cash and use it to make a steady and steady strategy. In case Bitcoin plummets due to the compensation of Mt.Gox, we can still take the opportunity to buy at a low price and stock up more Bitcoin, don't you think! 💰

However, the German government's liquidation is a short-term negative for Bitcoin, and the market may be slightly more stable, because the market is still strong in the short term! 📉

But in any case, investors should remain vigilant, allocate assets reasonably, and be prepared to deal with any changes in the market. This is the quality of a mature investor, isn't it?

Finally, do you think the upcoming Mt.Gox repayment incident will affect the crypto market? Feel free to share your views in the comments section!

#德国政府 #比特币清仓 #MtGox赔偿 #加密货币市场 #投资策略

🌄 Latin American Crypto News Express: Brazil Welcomes Solana ETF, Colombia Investigates Worldcoin

🌐 The Latin American crypto market is hot again! This week, we have a lot of news to share with you. From Brazil's Solana ETF to Colombia's investigation into Worldcoin, the Latin American crypto world is really getting more and more lively!

🇧🇷 Let's take a look at Brazil first. QR Asset Management announced that their Solana ETF was issued on August 21 and will be listed on the B3 exchange before the end of the month. This is a big breakthrough, because the Solana ETF in the United States is still in the mist. According to reports, this ETF is managed by Vortx and will track CME's development of Solana's US dollar exchange rate tool for pricing, providing investors with a reliable option.

🇨🇴 Then there is Colombia. The State Administration of Industry and Commerce (SIC) has taken action against Worldcoin, saying that it may have violated the Personal Data Protection Act. SIC expressed concerns about Worldcoin’s transparency and implementation of security policies in handling data, and advised the community to be cautious in handling personal data.

🇦🇷 On the other hand, Matter Labs is expanding their zkSync business to Latin America, and Buenos Aires, Argentina has become the location of their new office. They want to support local projects and promote the development of zkSync in Latin America.

🇸🇻 Not to be outdone, DitoBanx in El Salvador is also entering the Mexican market, providing a range of financial services, including international transfers, digital credit cards, US dollar accounts, and cryptocurrency token trading.

🇵🇪 Finally, Peru has declared war on cryptocurrency crime. Peruvian prosecutor Juan Carlos Villena Campana emphasized the importance of keeping up with technological changes and cracking down on illegal activities using cryptocurrencies.

🔍 These events tell us that the crypto market in Latin America is growing rapidly and becoming more and more influential. Next week, expect more updates and insights, so stay tuned!

👇 What do you think of these new developments in the Latin American crypto market? Which country do you think will have a bright future? Share your views in the comments section, and let us witness the rise of the Latin American crypto market together! "

#拉美加密货币 #巴西SolanaETF #Worldcoin​ #加密货币市场

Are you ready for the next round of repayments from Mt. Gox?

This Thursday, Bitstamp Exchange will begin processing Mt. Gox's repayments, and the repayment amount will be nearly $9 billion! This is the second round of repayments after Kraken processed 36% of the repayments.

At this point, everyone can't help but ask, will this have a new round of impact on the price of Bitcoin? The final answer, I believe, can only be revealed by the market.

As I often remind everyone, the market trend is unpredictable. Sometimes, seemingly unfavorable news may cause the market to rise; and those seemingly favorable news may not necessarily drive the market to a good direction.

Take the online trading of Ethereum spot ETF as a good example. After it was online for trading in the past two days, the price of Ethereum has experienced a round of correction.

Therefore, we should not try to speculate on the market trend, but be prepared for various possible market trends. Whether the market is rising, sideways or falling, as long as you have a corresponding strategy to deal with it, you will not be affected by price fluctuations.

It is worth noting that the recent repayment of Mt. Gox and Trump's upcoming speech at the Bitcoin Conference have brought great uncertainty to the market. On the one hand, the repayment of Mt. Gox may bring huge selling pressure to the Bitcoin market; on the other hand, although the content of Trump's speech is unknown, the market generally believes that it will be good news.

In this case, the long-short offensive and defensive battle in the market has become particularly fierce. But if you are a long-term holder, then the sideways, rising or falling market is not a big problem for you.

Therefore, the top priority for investors now is to gradually convert cash into crypto assets led by Bitcoin through a fixed investment (DCA) strategy, which is a wise choice.

At the same time, given that cash will depreciate due to inflation, while Bitcoin may continue to appreciate over time, converting cash to Bitcoin will be a wise choice in the long run.

For the upcoming repayment of Mt. Gox on the Bitstamp exchange, what impact do you think it will have on the price of Bitcoin?

#MtGox还款 #加密货币市场 #投资者策略 #定投策略

🚀MicroStrategy plans to issue preferred shares again to raise $2 billion to continue expanding its Bitcoin reserves

Despite having already accumulated a significant amount of Bitcoin, MicroStrategy still plans to use approximately $2 billion raised from the issuance of Class A common stock perpetual preferred shares this year to increase its BTC holdings.

In an official statement, MicroStrategy announced its plan to raise funds through the issuance of preferred shares, which is part of its "21/21" plan aimed at obtaining more Bitcoin financing.

Company co-founder Michael Saylor stated that their goal is to raise up to $2 billion through a public offering of perpetual preferred shares in the first quarter of 2025. These perpetual preferred shares will have options to convert into Class A common stock, regular cash dividend payments, and allow for stock redemption.

Additionally, MicroStrategy is exploring various financing avenues with a target of raising $21 billion in equity and $21 billion in debt instruments to support its corporate strategy of purchasing more Bitcoin. Meanwhile, it continues to expand its digital asset holdings through senior convertible bonds and debt financing.

The issuance is expected to take place in the first quarter of 2025, and the planned issuance will strengthen its balance sheet and acquire more Bitcoin.

However, the company also noted that whether to continue and complete this issuance is entirely at MicroStrategy's discretion and is subject to market and other conditions. This means they are not obligated to complete this issuance and can make flexible adjustments based on actual circumstances.

Data shows that MicroStrategy is already the world's largest corporate holder of Bitcoin. Despite reaching this milestone, the company remains committed to raising funds for the purchase of more cryptocurrencies.

Furthermore, MicroStrategy's Bitcoin investment strategy has been initiated and meticulously planned by its Executive Chairman Saylor. To date, the company has accumulated 446,400 Bitcoins, which have a total value of up to $43.6 billion at current market value.

💬What do you think about MicroStrategy's strategy of holding Bitcoin on a large scale? Do you believe this investment approach will bring long-term benefits to the company? Leave your thoughts in the comments!

#MicroStrategy #比特币投资 #优先股发行 #加密货币市场 #企业融资策略

[Bitcoin market shocked in the early morning! Investors need to respond with caution]

In the early morning of today, the Bitcoin market staged another shocking scene, and the price suddenly plummeted, catching many investors off guard. At that time, the bottom of the budget was around 61,500. This sudden fluctuation not only tested the stability of the market, but also reminded us again of the high risk of the cryptocurrency market.

As the leader of the cryptocurrency market, Bitcoin's price fluctuations often affect the nerves of the entire market. This plunge has undoubtedly brought a certain impact to the market and caused many investors to suffer heavy losses. However, the market is always full of variables. Just as the sky after the storm will always usher in a rainbow, the Bitcoin market will also usher in new opportunities and challenges after this baptism.

For investors, it is crucial to remain calm and rational in the face of market fluctuations. Do not blindly follow the trend, let alone bet all your wealth on a single asset. Diversification of investment and control of risks are the only way to long-term and stable investment.

At the same time, we should also see that Bitcoin and other cryptocurrencies are emerging investment products, and the technological innovation and market potential behind them cannot be ignored. With the continuous development of blockchain technology and the expansion of application scenarios, the cryptocurrency market is expected to usher in a broader development space.

Finally, we remind investors that investment is risky and they should be cautious when entering the market. While pursuing wealth appreciation, do not ignore the importance of risk management and asset allocation. Let us look forward to the Bitcoin market getting out of the haze as soon as possible and ushering in a brighter future! #比特币暴跌 # #加密货币市场 # #投资需谨慎 #

👮‍♂️The Wall Street Journal said Tether is under federal investigation, and its CEO denied the allegations!

Big news is coming! The Wall Street Journal reported that the U.S. federal government is investigating Tether, the issuer of the world's largest stablecoin USDT, for suspected violations of anti-money laundering regulations and sanctions policies.

As soon as the news came out, the price of Bitcoin also fell. This morning, it fell from $68,600 to below $66,000 in a short period of time. The current price remains around $67,000.

However, Tether's CEO Paolo Ardoino came out to clarify that they are not under investigation at all. He said on X that there is no sign that Tether is accepting the so-called investigation reported by the Wall Street Journal. It implies that the Wall Street Journal is just rehashing old news.

It is worth noting that despite the constant turmoil, Tether, as the leader in the stablecoin market, has always maintained its peg to the US dollar and successfully met all redemption requirements.

Although some people have doubted whether its $100 billion reserves really exist, the CEO of Cantor Fitzgerald Asset Management, which has $1.32 billion, said that it manages U.S. Treasury bonds that include Tether tokens.

In addition, Tether has been publicly accused by Coinbase and Circle, who suspect that Tether may assist terrorists in money laundering.

Among them, Circle representatives raised the issue to Congress in February, considering Tether's data on facilitating terrorist financing and other illegal activities, and its reputation and other related issues, and hoped that the relevant departments would take this issue seriously.

🗣️ Conclusion:

In this controversy surrounding Tether, we see a microcosm of the regulatory challenges in the cryptocurrency field. Although its CEO denied the rumors of investigation, the market is still highly sensitive to the compliance of stablecoins. This incident is not only a test for Tether, but also a challenge to the transparency and compliance of the entire industry. In the future, we look forward to a healthier and more transparent cryptocurrency market environment.

💬 What do you think of this controversy about Tether? What impact do you think these allegations will have on the entire cryptocurrency stablecoin market? What do you think about the future regulation of stablecoins?

#加密货币市场 #Tether调查 #加密货币监管 #市场信任

🔔 Bitcoin options expiration day, can the market see a turnaround?

This Friday is a special day because a large number of Bitcoin options expire. The market has been falling this week, and everyone is guessing whether these options expiration will bring about a big reversal in the market.

📈 On September 6, about 13,500 Bitcoin options contracts expired, with a total value of up to $776 million. Although this number sounds large, compared with last week, the number of expirations today is actually not large, so the impact on the spot market may not be too great.

📊 This week's options contracts show that there are slightly more call (long) contracts than put (short) contracts, with a put/call ratio of 0.82. Data from Deribit shows that many options have strike prices set at $70,000 and $75,000, and there are many people betting that the price can rise to $90,000 or even $100,000.

📉 However, crypto derivatives provider Greeks Live said that market confidence is weakening. They saw from the options data that the main indicators were bearish, implied volatility was also rising, and market expectations were negative in the short term.

💸 However, in addition to Bitcoin, there are about 126,000 Ethereum options expiring, with a notional value of $304 million. The put/call ratio of these contracts is 0.63, showing that the market is also cautious about Ethereum.

🌐 At the same time, the stock market is also falling, with the total market value evaporating 3% in one day, a drop of nearly $2.08 trillion. Bitcoin fell to around $55,500 on Friday morning, and the price has now rebounded to around $56,000.

🤔 Arthur Hayes, former CEO of BitMEX, is also pessimistic about the market. He predicted that the price of Bitcoin may fall below $50,000 this weekend, and he has already boldly shorted it.

💭 What do you think about the expiration of Bitcoin options and the future trend of the market? Do you think the market will rebound or continue to fall? Leave your insights in the comment section!

#比特币期权 #市场动态 #加密货币市场 #期权到期

🚀After Biden's withdrawal from the election, SEC Chairman Gary Gensler may resign, which is good news for the crypto market? 🔥

🔍 Recently, there have been media reports that Gary Gensler, Chairman of the U.S. Securities and Exchange Commission (SEC), may resign in 2025, which happened after Biden lost the election. As we all know, Gensler was appointed by Biden, and if Trump wins the upcoming election, Gensler is likely to be replaced.

📊 According to reports, Gensler may consider resigning in 2025. This may be a positive signal for the cryptocurrency industry. Because in the past four years, the SEC has filed lawsuits against a number of cryptocurrency companies under Gensler's leadership, including Binance and Coinbase, which has greatly restricted the development space of cryptocurrencies.

🚫 Gensler once publicly stated that all cryptocurrencies except Bitcoin should be considered securities, a position that restricts the diversity and innovation of cryptocurrencies.

📉 At the same time, the ongoing legal proceedings between the SEC and Coinbase have also been attracting attention. The lawsuit involves a series of issues such as Coinbase trading unregistered securities and violating securities laws. When the news came out, the prices of many altcoins plummeted by more than 30%, and some even plummeted by 50%. Currently, the lawsuit is still ongoing.

📈 If Coinbase wins the lawsuit or reaches a settlement with the SEC, or Gensler leaves after completing his term, coupled with the change in the position of the new chairman, it will be an important turning point in the cryptocurrency market.

🌐 At the same time, judging from the current development and recent news reports, if Trump is elected, he is expected to choose a more cryptocurrency-friendly SEC chairman, which may bring a new round of bull market to the cryptocurrency market.

🕒 We will continue to pay attention to the development of these events, which may have a profound impact on the cryptocurrency market in the next few years.

🤔Finally, how do you think Gary Gensler's potential resignation will affect the cryptocurrency market? Welcome to leave your views in the comment section.

#SEC #GaryGensler #加密货币市场 #Coinbase诉讼案

🚀 Bitcoin Spot ETF's total trading volume yesterday reached a new high since mid-March, with Ethereum Spot ETF inflows surging!

According to SoSoValue data, the total trading volume of Bitcoin Spot ETF yesterday reached 6.07 billion USD, marking a new high since mid-March. Among them, the ETF IBIT under BlackRock achieved a trading volume of 4.14 billion USD yesterday, setting a record for the company's single-day trading volume.

On the same day, the total net inflow of Bitcoin Spot ETF was nearly 622 million USD. Among them, Fidelity's ETF FBTC led with a single-day net inflow of 309 million USD, followed closely by Ark Invest & 21Shares' ETF ARKB with a single-day net inflow of 127 million USD. Grayscale's ETF GBTC had a single-day net inflow of 30.91 million USD, while Grayscale's Bitcoin Mini Trust ETF BTC had a single-day net inflow of nearly 109 million USD.

As of now, the total net asset value of Bitcoin Spot ETF is 76.48 billion USD, accounting for 5.08% of Bitcoin's market value, with a historical cumulative total net inflow of 24.12 billion USD.

In terms of Ethereum Spot ETF, the total net inflow on November 6 was 52.29 million USD, marking a new high for inflows since October.

Among them, Fidelity's ETF FETH led with a single-day net inflow of 26.9 million USD, followed closely by Grayscale's Ethereum Mini Trust ETF ETH with a single-day net inflow of 25.39 million USD. Notably, Grayscale's Ethereum Trust ETF ETHE had no net outflow for the day, but the historical cumulative net outflow is 3.14 billion USD.

Currently, the total net asset value of Ethereum Spot ETF is 7.42 billion USD, accounting for 2.29% of Ethereum's market value, with a historical cumulative total net outflow of 502 million USD.

💬 What do you think about this trend? What impact do you think it will have on the long-term trajectory of cryptocurrencies?

#比特币ETF #以太坊ETF #加密货币市场 #成交额新高 #净流入记录

💰 After the release of the non-farm payrolls report, the sentiment of interest rate cut expectations was low, but both Bitcoin and Ethereum spot ETFs saw capital inflows

According to SoSoValue data, Bitcoin spot ETFs recorded a net inflow of $25.59 million yesterday, of which Bitwise ETF BITB and Fidelity ETF FBTC performed particularly well, with net inflows of $15.29 million and $13.63 million, respectively. This brings the total net asset value of Bitcoin spot ETFs to $57.73 billion, and the net asset ratio to 4.68%.

In contrast, Ethereum spot ETFs are slightly inferior, with a total net inflow of $7.39 million yesterday, of which BlackRock ETF ETHA led with a single-day net inflow of $14.72 million. Currently, the total net asset value of Ethereum spot ETFs has reached $6.66 billion, with a net asset ratio of 2.28%.

💼Viewpoint:

The capital flow of cryptocurrency ETFs provides us with a glimpse of market sentiment. Whether it is the strong inflow of Bitcoin or the steady performance of Ethereum, it is worth investors' close attention.

When evaluating these data, investors should consider both the overall market trend and the performance of individual funds. Remember, the market is always unpredictable, and only by staying alert and rationally analyzing can you make wise investment decisions.

💬 What do you think about the flow of funds for Bitcoin and Ethereum ETFs? Do you think it will affect the market trend of cryptocurrencies?

#比特币ETF #以太坊ETF #资金流向 #加密货币市场

🔥 Breaking news! US President Biden may be persuaded to withdraw from the election, sparking heated discussions about the prospects of the crypto industry 🔥

Hello everyone, today we are going to talk about a topic that may have a profound impact on the cryptocurrency market, the prospects of US President Biden's re-election campaign.

🌐According to foreign media reports cited by China Business News, former US House Speaker Pelosi privately told Democrats that she believed Biden might be persuaded to withdraw from the presidential race. The news caused quite a stir in the political circle. Biden's poor performance in the debate has made Democrats worried about his election prospects.

🤔At the same time, some members of Biden's cabinet are also discussing his election prospects. They admit that voters are skeptical about Biden's health and whether he can defeat Trump again. This is not only a political issue, but it may also affect the economic development of the entire country, including the emerging cryptocurrency industry.

🔐The Biden administration's attitude towards cryptocurrencies has always attracted much attention. Policy uncertainty may have an impact on the market, especially in terms of regulation and innovation. If Biden's re-election prospects are bleak, the market may be uncertain about the future policy direction, which may affect investor confidence and market stability.

💡 In this context, cryptocurrency investors may be more cautious. Policy continuity and stability are essential for the healthy development of the market. If Biden withdraws from the campaign, the new Democratic candidate may bring different policy propositions, which may create new challenges or opportunities for the cryptocurrency market.

👀 Although there is no clear sign that Biden will not be able to complete the rest of his term, political uncertainty is always a variable in the market. The cryptocurrency market needs to pay close attention to these dynamics and be prepared for possible policy changes.

💬 At this critical juncture, how do you think Biden's political prospects will affect the cryptocurrency market? Leave your thoughts in the comment section, and let's explore this political event that may change the economic landscape of the United States and even the world!

#拜登竞选 #加密货币市场 #政治影响 #投资者关注 #市场动态

😲 Bitcoin ETF saw intensified capital outflows yesterday, while Ethereum ETF experienced net inflows for six consecutive days.

On February 7, according to SoSoValue data, the U.S. Bitcoin spot ETF faced capital outflows, with total net outflows reaching as high as $140 million yesterday.

Among them, Fidelity's Bitcoin ETF had a net outflow of $103 million in a single day, bringing its cumulative net inflow to $21.91 billion; Grayscale's Bitcoin ETF GBTC saw a single-day net outflow of $42.21 million, resulting in a staggering total net outflow of $21.906 billion. However, Grayscale's Bitcoin Mini Trust ETF BTC saw a contrary net inflow of $5.15 million, accumulating a total net inflow of $1.24 billion.

As of now, the total net asset value of Bitcoin spot ETFs has reached $113.51 billion, accounting for 5.91% of the total Bitcoin market, with a historical total net inflow of $40.53 billion.

On the same day, the U.S. Ethereum spot ETF showed a different picture, with a single-day total net inflow of $10.65 million, achieving six consecutive days of capital net inflows!

Among them, BlackRock's Ethereum ETF had a single-day net inflow of $10.65 million, bringing its cumulative net inflow to $4.42 billion; Grayscale's Ethereum Trust ETF ETHE and Ethereum Mini Trust ETF ETH both had a net outflow of $0.00, while ETHE's cumulative net outflow reached $3.93 billion.

As of now, the total net asset value of Ethereum spot ETFs is $10.29 billion, accounting for 3.14% of the Ethereum market value, with a cumulative total net inflow of $3.18 billion.

In summary, yesterday's ETF market capital flow indicates that despite small inflows into the Ethereum ETF, the overall performance of the spot market still appears weak. This seems to reflect that many investors are fearful due to the recent sharp decline and are stuck in a pessimistic mood, thus holding a cautious attitude toward whether the market can rebound quickly.

However, this unpredictable and uncertain capital flow is precisely what makes the market intriguing! The coming days will be crucial for Bitcoin to stop the outflow trend and for Ethereum to continue its capital-raising momentum!

📉️The cryptocurrency market suffered a collapse, and the outflow of funds from Bitcoin and Ethereum spot ETFs intensified

Recently, the cryptocurrency market has been in mourning, and the situation in the spot ETF market is even less optimistic! Although the current total net inflow of Bitcoin spot ETF is US$16.897 billion, in just 8 consecutive days, the net outflow of Bitcoin spot ETF was also nearly US$1.2 billion.

At the same time, the situation in the Ethereum spot ETF market is even more severe. In addition to BlackRock’s IBIT spot, it recorded inflows of US$8.4 million and US$4.7 million on August 28 and September 6 respectively. However, since the Ethereum ETF was listed for trading, the Ethereum spot ETF market as a whole has basically been in a state of continuous bleeding, with a total outflow of nearly US$568 million.

This phenomenon seems to indicate that although the Federal Reserve issued an interest rate cut signal in September, which should theoretically boost the cryptocurrency market, current market dynamics and macroeconomic factors appear to have a significant negative impact on investor sentiment. It also shows the uncertainty of the market in the short term.

🤔 Market dynamics trigger thoughts:

The Bitcoin and Ethereum spot ETF markets are experiencing outflows. Does this mean investor confidence in the cryptocurrency market is waning? Or is this just part of a market correction, with investors waiting for a better time to get in?

💬 What do you think of the current outflows from Bitcoin and Ethereum spot ETFs? In the current market environment, what investment strategy will you adopt? Leave your opinion in the comment section!

#比特币 #以太坊 #加密货币市场 #投资策略