SoSo Daily Nov 22 | BTC spot ETF total net inflow was $1.01B yesterday, marking a 4 days of consistent inflow.

SoSo NewsletterNov 22, 2024


Crypto Market Overview


Let's turn our attention to today's overall Crypto market situation.


As of 11:58 AM on November 22, 2024, according to sosovalue, the total market cap of the crypto market stands at 3.44 trillion US dollars, witnessing an increase of 1.66% compared to yesterday; the total trading volume is 314.12 billion US dollars, marking a rise of 17.5% from the previous day.




According to sosovalue, the price of $BTC is 98,856 USD, an increase of 0.935% from yesterday. The market cap of $BTC is 1.96 trillion USD, accounting for 56.9% of the total market cap; $BTC's 24-hour trading volume is 111.35 billion USD, making up 35.4% of the total trading volume.
The price of $ETH is 3,345.3 USD, up 6.19% from yesterday; the market cap of $ETH is 402.86 billion USD, representing 11.7% of the total market cap; $ETH's 24-hour trading volume is 57.37 billion USD, comprising 18.3% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 68.6% of the total cryptocurrency market cap, and their combined trading volumes constitute 53.7% 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 Cros. As of 11:50 today, its market cap is 5.97M, with a coin price of 0.074630 USD, witnessing a 24-hour increase of 181%.
The second is Sologenic. As of 11:50 today, its coin price is 0.55328 USD, with a 24-hour increase of 91.4%.
The third is Plian. As of 11:50 today, its coin price is 0.0019150 USD, showing a 24-hour increase of 69.2%.
In fourth place is Vita Inu. As of 11:50 today, its coin price is 0.000000036307 USD, with a 24-hour rise of 47.8%.
In fifth place is Numogram. As of 11:50 today, its coin price is 0.013396 USD, increasing by 45.8% over the last 24 hours.



Sector Performance in the Crypto Market


According to sosovalue, out of 16 sectors, 16 are up and 0 are down. Notably, the PayFi, Layer2, and $ETH sectors are worth mentioning.


PayFi Sector


The PayFi sector has risen by 23% relative to the UTC 0 time, led by gains in XRP (32.2%), XLM (25.7%), and VELO (23.8%).


Layer2 Sector


The Layer2 sector has increased by 9.43% relative to UTC 0, with OP (23.3%), PCX (20.1%), and DYM (16.6%) leading the rise.


$ETH Sector


The $ETH sector has risen by 6.19%, with $ETH itself leading the rise with a 6.19% increase.




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

According to SoSoValue, as of November 21th (Eastern Time), Bitcoin spot ETFs experienced a total net inflow of $1.01B.


Yesterday, Grayscale's ETF GBTC had a net outflow of $7.81M, bringing GBTC's total historical net outflow to $20.26B.

Grayscale Bitcoin Mini Trust ETF $BTC had a net inflow of $ 6.97M,bringing Grayscale Bitcoin Mini Trust ETF $BTC's total historical net inflow to $691.12M.

The Bitcoin spot ETF with the highest net inflow for the day was BlackRock's ETF IBIT, with a daily net inflow of $608.41M, with IBIT's total historical net inflow reaching $30.82B.

Following that, Fidelity's ETF FBTC had a daily net inflow of $300.95M, with FBTC's total historical net inflow reaching $11.52B.


As of this writing, the total net asset value of Bitcoin spot ETFs stands at $105.91B, with the ETF net asset ratio (the market value relative to the total market value of Bitcoin) reaching 5.46%. The historical cumulative net inflow has reached $30.35B.


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


Next news:

According to Foresight News, monitored by Lookonchain, a certain whale has accumulated a total of 3,577 $BTC over the past 4 days, worth approximately 330 million USD. Currently, it still holds 25,298 $BTC, valued at around 2.50 billion USD.

According to Foresight News, monitored by Lookonchain, a certain whale has accumulated a total of 3,577 $BTC over the past 4 days, worth approximately 330 million USD. Currently, it still holds 25,298 $BTC, valued at around 2.50 billion USD.


Next news:Charles Schwab plans to offer direct cryptocurrency investments to its clients, as announced by incoming CEO Rick Wurster in an interview with Yahoo Finance.
Next news:Solana's cryptocurrency, SOL, has reached a new all-time high, surpassing $260. This surge in value highlights the growing interest and investment in Solana's blockchain technology, which is known for its high speed and low transaction costs. The increase in SOL's price reflects the broader trend of rising interest in alternative blockchain platforms beyond Ethereum.
Next news:Trump is considering appointing former Federal Reserve Governor Kevin Warsh as Secretary of the Treasury.
Next news:

Odaily Planet Daily reported that fitness equipment manufacturer Interactive Strength has announced that its board has approved allocating up to 5 million USD to purchase Bitcoin, with a cap set at 25% of the company's average daily cash holdings over the past three months. Previously, the company indicated plans to use Bitcoin as a reserve asset, stating that the cryptocurrency's "anti-inflation characteristics could make it a reliable asset with value storage capabilities." Interactive Strength CEO Trent Ward stated that this move aligns with the company's strategy as Bitcoin continues to receive attention and recognition from investors as a major asset class. Additionally, Interactive Strength plans to accept cryptocurrency payments, allowing customers to choose to purchase fitness products using digital currency, with these payments also retained in Bitcoin, limited to the same allocation as the treasury reserves. Following this news, Interactive Strength's stock price surged by 11.4%.


Next news:Gary Gensler, the chairman of the U.S. Securities and Exchange Commission, announced that he would step down on January 20, 2025. During his tenure, Gensler focused on strengthening regulation in the cryptocurrency industry and promoting central clearing reforms in the treasury markets. His enforcement actions have made him a target for some in the crypto industry, particularly after actions taken against major companies like Coinbase, Binance, and Kraken. Gensler has maintained that most cryptocurrencies are securities and has called for crypto companies to register with the SEC. After Donald Trump was elected president, he stated that he would fire Gensler.
Next news:

According to Foresight News, monitored by Spot on Chain, a user created a new wallet 13 hours ago and withdrew 309.60 billion PEPE from KuCoin, worth approximately 6.45 million USD.

According to Foresight News, monitored by Spot on Chain, a user created a new wallet 13 hours ago and withdrew 309.60 billion PEPE from KuCoin, worth approximately 6.45 million USD.


Next news:

According to Foresight News, on-chain data analyst Yu Jin monitored that the Cosmos developer Interchain Foundation sold another 3,000 $ETH raised during the ICO in April 2017, just 1 hour ago. Since the end of April this year, it has sold a total of 21.60 thousand $ETH (approximately 55.97 million USD). Currently, it still holds 383.8 $BTC and 23,587 $ETH, valued at approximately 95.48 million USD.

According to Foresight News, on-chain data analyst Yu Jin monitored that the Cosmos developer Interchain Foundation sold another 3,000 $ETH raised during the ICO in April 2017, just 1 hour ago. Since the end of April this year, it has sold a total of 21.60 thousand $ETH (approximately 55.97 million USD). Currently, it still holds 383.8 $BTC and 23,587 $ETH, valued at approximately 95.48 million USD.


Next news:A Texas court ruled that the U.S. Securities and Exchange Commission (SEC) must withdraw a controversial rule that redefined the concept of "dealer," impacting both cryptocurrency and traditional financial companies. The rule was passed in February and exceeded the SEC's statutory authority. Traditionally, a dealer is an entity that buys and sells securities for its own account, while the SEC's new definition aimed to include any entity providing market liquidity, especially in the U.S. Treasury market. The cryptocurrency industry opposed this rule, arguing that it overreached into the crypto space and conflicted with existing securities dealer laws. The Texas Blockchain Association and the Crypto Freedom Alliance filed a lawsuit, and the court sided with them, ruling the rule invalid. This legal victory is particularly significant for decentralized finance operators, as they would have found it difficult to comply with the rule. The SEC stated that it is reviewing this ruling.

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.

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SoSo Daily Nov 22 | BTC spot ETF total net inflow was $1.01B yesterday, marking a 4 days of consistent inflow.

SoSo NewsletterNov 22, 2024


Crypto Market Overview


Let's turn our attention to today's overall Crypto market situation.


As of 11:58 AM on November 22, 2024, according to sosovalue, the total market cap of the crypto market stands at 3.44 trillion US dollars, witnessing an increase of 1.66% compared to yesterday; the total trading volume is 314.12 billion US dollars, marking a rise of 17.5% from the previous day.




According to sosovalue, the price of BTC is 98,856 USD, an increase of 0.935% from yesterday. The market cap of BTC is 1.96 trillion USD, accounting for 56.9% of the total market cap; BTC's 24-hour trading volume is 111.35 billion USD, making up 35.4% of the total trading volume.
The price of ETH is 3,345.3 USD, up 6.19% from yesterday; the market cap of ETH is 402.86 billion USD, representing 11.7% of the total market cap; ETH's 24-hour trading volume is 57.37 billion USD, comprising 18.3% of the total trading volume.
The combined market capitalization of BTC and ETH accounts for 68.6% of the total cryptocurrency market cap, and their combined trading volumes constitute 53.7% 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 Cros. As of 11:50 today, its market cap is 5.97M, with a coin price of 0.074630 USD, witnessing a 24-hour increase of 181%.
The second is Sologenic. As of 11:50 today, its coin price is 0.55328 USD, with a 24-hour increase of 91.4%.
The third is Plian. As of 11:50 today, its coin price is 0.0019150 USD, showing a 24-hour increase of 69.2%.
In fourth place is Vita Inu. As of 11:50 today, its coin price is 0.000000036307 USD, with a 24-hour rise of 47.8%.
In fifth place is Numogram. As of 11:50 today, its coin price is 0.013396 USD, increasing by 45.8% over the last 24 hours.



Sector Performance in the Crypto Market


According to sosovalue, out of 16 sectors, 16 are up and 0 are down. Notably, the PayFi, Layer2, and ETH sectors are worth mentioning.


PayFi Sector


The PayFi sector has risen by 23% relative to the UTC 0 time, led by gains in XRP (32.2%), XLM (25.7%), and VELO (23.8%).


Layer2 Sector


The Layer2 sector has increased by 9.43% relative to UTC 0, with OP (23.3%), PCX (20.1%), and DYM (16.6%) leading the rise.


ETH Sector


The ETH sector has risen by 6.19%, with ETH itself leading the rise with a 6.19% increase.




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

According to SoSoValue, as of November 21th (Eastern Time), Bitcoin spot ETFs experienced a total net inflow of $1.01B.


Yesterday, Grayscale's ETF GBTC had a net outflow of $7.81M, bringing GBTC's total historical net outflow to $20.26B.

Grayscale Bitcoin Mini Trust ETF BTC had a net inflow of $ 6.97M,bringing Grayscale Bitcoin Mini Trust ETF BTC's total historical net inflow to $691.12M.

The Bitcoin spot ETF with the highest net inflow for the day was BlackRock's ETF IBIT, with a daily net inflow of $608.41M, with IBIT's total historical net inflow reaching $30.82B.

Following that, Fidelity's ETF FBTC had a daily net inflow of $300.95M, with FBTC's total historical net inflow reaching $11.52B.


As of this writing, the total net asset value of Bitcoin spot ETFs stands at $105.91B, with the ETF net asset ratio (the market value relative to the total market value of Bitcoin) reaching 5.46%. The historical cumulative net inflow has reached $30.35B.


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


Next news:

According to Foresight News, monitored by Lookonchain, a certain whale has accumulated a total of 3,577 BTC over the past 4 days, worth approximately 330 million USD. Currently, it still holds 25,298 BTC, valued at around 2.50 billion USD.

According to Foresight News, monitored by Lookonchain, a certain whale has accumulated a total of 3,577 BTC over the past 4 days, worth approximately 330 million USD. Currently, it still holds 25,298 BTC, valued at around 2.50 billion USD.


Next news:Charles Schwab plans to offer direct cryptocurrency investments to its clients, as announced by incoming CEO Rick Wurster in an interview with Yahoo Finance.
Next news:Solana's cryptocurrency, SOL, has reached a new all-time high, surpassing $260. This surge in value highlights the growing interest and investment in Solana's blockchain technology, which is known for its high speed and low transaction costs. The increase in SOL's price reflects the broader trend of rising interest in alternative blockchain platforms beyond Ethereum.
Next news:Trump is considering appointing former Federal Reserve Governor Kevin Warsh as Secretary of the Treasury.
Next news:

Odaily Planet Daily reported that fitness equipment manufacturer Interactive Strength has announced that its board has approved allocating up to 5 million USD to purchase Bitcoin, with a cap set at 25% of the company's average daily cash holdings over the past three months. Previously, the company indicated plans to use Bitcoin as a reserve asset, stating that the cryptocurrency's "anti-inflation characteristics could make it a reliable asset with value storage capabilities." Interactive Strength CEO Trent Ward stated that this move aligns with the company's strategy as Bitcoin continues to receive attention and recognition from investors as a major asset class. Additionally, Interactive Strength plans to accept cryptocurrency payments, allowing customers to choose to purchase fitness products using digital currency, with these payments also retained in Bitcoin, limited to the same allocation as the treasury reserves. Following this news, Interactive Strength's stock price surged by 11.4%.


Next news:Gary Gensler, the chairman of the U.S. Securities and Exchange Commission, announced that he would step down on January 20, 2025. During his tenure, Gensler focused on strengthening regulation in the cryptocurrency industry and promoting central clearing reforms in the treasury markets. His enforcement actions have made him a target for some in the crypto industry, particularly after actions taken against major companies like Coinbase, Binance, and Kraken. Gensler has maintained that most cryptocurrencies are securities and has called for crypto companies to register with the SEC. After Donald Trump was elected president, he stated that he would fire Gensler.
Next news:

According to Foresight News, monitored by Spot on Chain, a user created a new wallet 13 hours ago and withdrew 309.60 billion PEPE from KuCoin, worth approximately 6.45 million USD.

According to Foresight News, monitored by Spot on Chain, a user created a new wallet 13 hours ago and withdrew 309.60 billion PEPE from KuCoin, worth approximately 6.45 million USD.


Next news:

According to Foresight News, on-chain data analyst Yu Jin monitored that the Cosmos developer Interchain Foundation sold another 3,000 ETH raised during the ICO in April 2017, just 1 hour ago. Since the end of April this year, it has sold a total of 21.60 thousand ETH (approximately 55.97 million USD). Currently, it still holds 383.8 BTC and 23,587 ETH, valued at approximately 95.48 million USD.

According to Foresight News, on-chain data analyst Yu Jin monitored that the Cosmos developer Interchain Foundation sold another 3,000 ETH raised during the ICO in April 2017, just 1 hour ago. Since the end of April this year, it has sold a total of 21.60 thousand ETH (approximately 55.97 million USD). Currently, it still holds 383.8 BTC and 23,587 ETH, valued at approximately 95.48 million USD.


Next news:A Texas court ruled that the U.S. Securities and Exchange Commission (SEC) must withdraw a controversial rule that redefined the concept of "dealer," impacting both cryptocurrency and traditional financial companies. The rule was passed in February and exceeded the SEC's statutory authority. Traditionally, a dealer is an entity that buys and sells securities for its own account, while the SEC's new definition aimed to include any entity providing market liquidity, especially in the U.S. Treasury market. The cryptocurrency industry opposed this rule, arguing that it overreached into the crypto space and conflicted with existing securities dealer laws. The Texas Blockchain Association and the Crypto Freedom Alliance filed a lawsuit, and the court sided with them, ruling the rule invalid. This legal victory is particularly significant for decentralized finance operators, as they would have found it difficult to comply with the rule. The SEC stated that it is reviewing this ruling.

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.

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