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In the first two days of trading of Bitcoin ETF, new forces showed strong appeal. They attracted more than $1.4 billion in new funds, while GBTC experienced an outflow of $579 million and finally achieved a net inflow of $819 million. IBIT led with a scale of $500 million, followed by Fidelity. The overall trading volume reached $3.6 billion.
In addition, the overall premium of Bitcoin ETF is 0.06%, among which GBTC, BTCW and FBTC are at a discount, and GBTC has the highest discount, reaching -1.17%. In contrast, BTCO has the highest premium, which is 0.52%. The performance of Bitcoin ETF in the initial stage is very impressive, showing strong appeal and trading activity.
BTC spot ETF trading situation
With the launch of Bitcoin ETFs, the demand for Bitcoin may further increase. Since ETFs provide a convenient way for more institutional investors to participate in the Bitcoin market, this is expected to bring more liquidity and funds to the Bitcoin market. In this case, Bitcoin is expected to enter a long bull market, as more demand and capital inflows will provide support for Bitcoin's price. This phenomenon may attract more investors and further promote the development of the Bitcoin market.
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StoryProtocol
StoryProtocol is a forward-thinking project that aims to redefine how intellectual property is managed and owned in the digital age. The initiative aims to address the challenges surrounding intellectual property, content creators and the complexity of inclusive digital ecosystems.
Story Protocol has built a simplified framework to fully manage the intellectual property development lifecycle, with features such as source tracking, seamless licensing and revenue sharing. For creators of various types of media (such as prose, images, games, audio, etc.), applications based on Story Protocol can help writers and artists clarify the provenance of their works and allow anyone to contribute and remix while maintaining the value of the works and their contributions.
Story Protocol aims to work with third-party developers to build a rich ecosystem that provides services such as crowdfunding, capital formation, IP discovery, licensing modules, AI content certification, and community development. By adopting an open modular architecture, any application can be connected to each other, eliminating the platform risk for ecosystem developers.
Story Protocol democratizes intellectual property ownership through innovative approaches, empowering creators, artists, and content producers and successfully achieving the transition from centralized control to a decentralized system.
team member
According to official information, Story Protocol has three co-founders, who are from South Korea, the United States, and Chinese Americans, forming a unique "China-US-Korea" background distribution. Among them, co-founder S.Y.Lee is undoubtedly the core figure of Story Protocol. According to Linkedin data, he graduated from Oxford University in the United Kingdom and served as the chairman of the historic Oxford University Debating Society, a position that has been held by many celebrities such as Einstein, Reagan, Nixon, Carter, etc.
The other two co-founders, Jason Levy and Jason Zhao, are more inclined to the product technology dimension. They are both alumni of Stanford University. The former has worked for many years in leading companies such as Apple and Episode, while the latter has been a product manager in Google's DeepMind project.
Investment agency
a16z leads $25 million Series A round, totaling $54 million
Other investors: Hashed (the largest blockchain fund in South Korea), Endeavor (the agency behind Gu Ailing), Samsung Next, Foresight Ventures (a crypto investment institution in Shanghai), Dao5 (a game company), Insignia Venture Partners (a venture capital company in Singapore), Alliance DAO, Mirana Ventures, and angel investors TPG Capital founder and chairman David Bonderman, Dapper Labs founder and CEO Roham Gharegozlou
Story Protocol
Project name: Story Protocol
Section: On-chain IP protocol Basic section
Total circulation: 1 billion (small circulation)
Launch time: Q1 2024 (no lock-up)
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