SoSo Daily Jan 14 | BTC spot ETF total net outflow was $284.19M yesterday, with the net asset ratio reaching 5.67%.

SoSo NewsletterJan 14, 2025


Crypto Market Overview


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


As of 11:59 AM on January 14, 2025, according to sosovalue, the total market cap of the crypto market stands at 3.48 trillion US dollars, witnessing an increase of 3.48% compared to yesterday; the total trading volume is 200.12 billion US dollars, marking a significant rise of 66.9% from the previous day.





Cryptocurrency Market Update


According to sosovalue, the price of $BTC is 96,570 USD, an increase of 6.29% from yesterday. The market cap of $BTC is 1.91 trillion USD, accounting for 55% of the total market cap; $BTC's 24-hour trading volume is 74.79 billion USD, making up 37.4% of the total trading volume.


The price of $ETH is 3,218.1 USD, up 5.26% from yesterday; the market cap of $ETH is 387.76 billion USD, representing 11.2% of the total market cap; $ETH's 24-hour trading volume is 38.77 billion USD, comprising 19.4% of the total trading volume.


The combined market capitalization of $BTC and $ETH accounts for 66.2% of the total cryptocurrency market cap, and their combined trading volumes constitute 56.8% 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 Ava AI. As of 11:50 today, its market cap is 270.41M, with a coin price of 0.27042 USD, witnessing a 24-hour increase of 72.1%.
The second is sekoia by Virtuals. As of 11:50 today, its coin price is 0.051718 USD, with a 24-hour increase of 70.5%.
The third is Ancient8. As of 11:50 today, its coin price is 0.43030 USD, showing a 24-hour increase of 69.7%.
In fourth place is SPORE. As of 11:50 today, its coin price is 0.023010 USD, with a 24-hour rise of 68.8%.
In fifth place is VaderAI by Virtuals. As of 11:50 today, its coin price is 0.066482 USD, increasing by 64.3% 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 AI, Meme, and DePIN sectors are worth mentioning.



AI Sector


The AI sector has risen by 14.9% relative to the UTC 0 time, led by gains in SEKOIA (77.3%), SPORE (73.7%), and VADER (64.6%).




Meme Sector


The Meme sector has increased by 10.6% relative to UTC 0, with SEKOIA (77.3%), VADER (64.6%), and fartcoin (59.5%) leading the rise.




DePIN Sector


The DePIN sector has risen by 10.6%, with GRASS (24.4%), aioz (16.2%), and EARNM (15.3%) leading the rise.





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

According to SoSoValue, as of January 13th (Eastern Time), Bitcoin spot ETFs experienced a total net outflow of $284.19M.


Yesterday, Grayscale's ETF GBTC had a net outflow of $89.01M, bringing GBTC's total historical net outflow to $21.66B.

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 $923.99M.

The Bitcoin spot ETF with the highest net inflow for the day was BlackRock's ETF IBIT, with a daily net inflow of $29.46M, with IBIT's total historical net inflow reaching $37.70B.


As of this writing, the total net asset value of Bitcoin spot ETFs stands at $105.05B, with the ETF net asset ratio (the market value relative to the total market value of Bitcoin) reaching 5.67%. The historical cumulative net inflow has reached $35.93B.


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


Next news:

According to Wu Shuo, data from SoSoValue reveals that yesterday (January 13, Eastern Time), the total net outflow of Ethereum spot ETFs was $39.43 million, marking a continuous net outflow for 4 days. The Ethereum spot ETF with the highest net inflow yesterday was BlackRock's ETF ETHA, with a single-day net inflow of $12.90 million. Currently, the historical total net inflow for ETHA has reached $3.70 billion.


Next news:According to Wired Italia, Italy's largest banking group Intesa Sanpaolo purchased 11 bitcoins, with a total value of approximately 1 million euros. This marks the first instance in Italy where a financial institution has directly engaged in cryptocurrency trading. Intesa Sanpaolo completed the transaction on the morning of January 13, 2025, when the price of bitcoin fluctuated between 88,496 euros and 93,130 euros. The execution price for the transaction was roughly between 89,000 and 91,000 euros. Emails indicate that the transaction was led by the bank's head of digital asset trading, Niccolò Bardoscia.
Next news:

According to a report by CoinPost, Japanese listed company Remixpoint announced on January 10 that it would purchase an additional 33.34 bitcoins, worth approximately 500 million yen. This purchase brings its total bitcoin holdings to 333.189 $BTC, which is estimated to be worth around 4.89 billion yen at current market value. Additionally, the company decided on January 9 to purchase crypto assets totaling 3 billion yen. This 500 million yen purchase is part of that plan.


Next news:

QCP Analysis points out that the upcoming PPI and CPI data may pose upward risks. The market is adjusting to the reality of a sustained high interest rate environment, with some investors even contemplating the possibility of rate hikes. In the cryptocurrency market, a cautious sentiment is evident, as $BTC options trading shows that put options have been adjusted below the critical support level of $90,000. Front-end volatility and implied volatility remain elevated, while the VIX (Volatility Index) holds at 18.68, suggesting that January's volatility may persist. Trump may sign an executive order on his first day in office addressing the issue of "de-banking" and revoking controversial cryptocurrency accounting policies. These measures could provide a boost to the market.


Next news:

According to Wu, Bithumb, the second-largest cryptocurrency exchange in South Korea, will launch trading pairs for Ancient 8 (A8) and DRIFT against the Korean Won. The trading will open at 5:00 PM local time. Ancient 8 is an Ethereum Layer 2 network that utilizes Optimism and Celestia technologies. Drift Protocol (DRIFT) is a decentralized exchange (DEX) on Solana.


Next news:

According to Foresight News, Sam Gao, an advisor from ai16z, stated that the technical white paper "Eliza: An AI Agent Operating System for Web3" has been officially released. The white paper reveals that Eliza is the first open-source, Web3-friendly agent framework. Each part of Eliza is a standard Typescript program, fully controlled by the user, and capable of seamless integration with Web3 (such as reading and writing blockchain data, interacting with smart contracts, etc.).


Next news:

According to reports from @EmberCN, FTX/Alameda conducted its monthly SOL redemption transfer 3 hours ago: redeeming 182,421 SOL (32.35 million USD) from staking and distributing it to 20 addresses. Since last November, FTX/Alameda's staking address has cumulatively redeemed and transferred out 4.45 million SOL (516.88 million USD) through this method, with an average transfer price of 116.2 USD.

Currently, FTX/Alameda's staking address still has 6.47 million SOL (1.18 billion USD) staked.

Next news:

Norman Reed, the interim CEO of Binance.US, stated in an interview that the U.S. Securities and Exchange Commission (SEC) accused its platform of being a "cauldron of fraud," but did not provide any conclusive evidence. "The damage the SEC has done to the platform can never be repaired; within two weeks after the lawsuit, we lost thousands of customers and billions of dollars in funds were withdrawn, and we had to lay off 70% of our staff," he said. Additionally, Norman Reed mentioned that the company expects to resume USD fiat services in the coming weeks, as it is negotiating partnerships with banks and re-engaging in dialogue with state regulators. (CoinDesk)


Next news:Sony has launched its Layer-2 blockchain named 'Soneium'. The project is spearheaded by Sota Watanabe from Startale Labs, part of Sony Block Solutions Lab. This development marks Sony's entry into the blockchain space, potentially enhancing its technological offerings and market reach.

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 Jan 14 | BTC spot ETF total net outflow was $284.19M yesterday, with the net asset ratio reaching 5.67%.

SoSo NewsletterJan 14, 2025


Crypto Market Overview


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


As of 11:59 AM on January 14, 2025, according to sosovalue, the total market cap of the crypto market stands at 3.48 trillion US dollars, witnessing an increase of 3.48% compared to yesterday; the total trading volume is 200.12 billion US dollars, marking a significant rise of 66.9% from the previous day.





Cryptocurrency Market Update


According to sosovalue, the price of BTC is 96,570 USD, an increase of 6.29% from yesterday. The market cap of BTC is 1.91 trillion USD, accounting for 55% of the total market cap; BTC's 24-hour trading volume is 74.79 billion USD, making up 37.4% of the total trading volume.


The price of ETH is 3,218.1 USD, up 5.26% from yesterday; the market cap of ETH is 387.76 billion USD, representing 11.2% of the total market cap; ETH's 24-hour trading volume is 38.77 billion USD, comprising 19.4% of the total trading volume.


The combined market capitalization of BTC and ETH accounts for 66.2% of the total cryptocurrency market cap, and their combined trading volumes constitute 56.8% 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 Ava AI. As of 11:50 today, its market cap is 270.41M, with a coin price of 0.27042 USD, witnessing a 24-hour increase of 72.1%.
The second is sekoia by Virtuals. As of 11:50 today, its coin price is 0.051718 USD, with a 24-hour increase of 70.5%.
The third is Ancient8. As of 11:50 today, its coin price is 0.43030 USD, showing a 24-hour increase of 69.7%.
In fourth place is SPORE. As of 11:50 today, its coin price is 0.023010 USD, with a 24-hour rise of 68.8%.
In fifth place is VaderAI by Virtuals. As of 11:50 today, its coin price is 0.066482 USD, increasing by 64.3% 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 AI, Meme, and DePIN sectors are worth mentioning.



AI Sector


The AI sector has risen by 14.9% relative to the UTC 0 time, led by gains in SEKOIA (77.3%), SPORE (73.7%), and VADER (64.6%).




Meme Sector


The Meme sector has increased by 10.6% relative to UTC 0, with SEKOIA (77.3%), VADER (64.6%), and fartcoin (59.5%) leading the rise.




DePIN Sector


The DePIN sector has risen by 10.6%, with GRASS (24.4%), aioz (16.2%), and EARNM (15.3%) leading the rise.





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

According to SoSoValue, as of January 13th (Eastern Time), Bitcoin spot ETFs experienced a total net outflow of $284.19M.


Yesterday, Grayscale's ETF GBTC had a net outflow of $89.01M, bringing GBTC's total historical net outflow to $21.66B.

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 $923.99M.

The Bitcoin spot ETF with the highest net inflow for the day was BlackRock's ETF IBIT, with a daily net inflow of $29.46M, with IBIT's total historical net inflow reaching $37.70B.


As of this writing, the total net asset value of Bitcoin spot ETFs stands at $105.05B, with the ETF net asset ratio (the market value relative to the total market value of Bitcoin) reaching 5.67%. The historical cumulative net inflow has reached $35.93B.


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


Next news:

According to Wu Shuo, data from SoSoValue reveals that yesterday (January 13, Eastern Time), the total net outflow of Ethereum spot ETFs was $39.43 million, marking a continuous net outflow for 4 days. The Ethereum spot ETF with the highest net inflow yesterday was BlackRock's ETF ETHA, with a single-day net inflow of $12.90 million. Currently, the historical total net inflow for ETHA has reached $3.70 billion.


Next news:According to Wired Italia, Italy's largest banking group Intesa Sanpaolo purchased 11 bitcoins, with a total value of approximately 1 million euros. This marks the first instance in Italy where a financial institution has directly engaged in cryptocurrency trading. Intesa Sanpaolo completed the transaction on the morning of January 13, 2025, when the price of bitcoin fluctuated between 88,496 euros and 93,130 euros. The execution price for the transaction was roughly between 89,000 and 91,000 euros. Emails indicate that the transaction was led by the bank's head of digital asset trading, Niccolò Bardoscia.
Next news:

According to a report by CoinPost, Japanese listed company Remixpoint announced on January 10 that it would purchase an additional 33.34 bitcoins, worth approximately 500 million yen. This purchase brings its total bitcoin holdings to 333.189 BTC, which is estimated to be worth around 4.89 billion yen at current market value. Additionally, the company decided on January 9 to purchase crypto assets totaling 3 billion yen. This 500 million yen purchase is part of that plan.


Next news:

QCP Analysis points out that the upcoming PPI and CPI data may pose upward risks. The market is adjusting to the reality of a sustained high interest rate environment, with some investors even contemplating the possibility of rate hikes. In the cryptocurrency market, a cautious sentiment is evident, as BTC options trading shows that put options have been adjusted below the critical support level of $90,000. Front-end volatility and implied volatility remain elevated, while the VIX (Volatility Index) holds at 18.68, suggesting that January's volatility may persist. Trump may sign an executive order on his first day in office addressing the issue of "de-banking" and revoking controversial cryptocurrency accounting policies. These measures could provide a boost to the market.


Next news:

According to Wu, Bithumb, the second-largest cryptocurrency exchange in South Korea, will launch trading pairs for Ancient 8 (A8) and DRIFT against the Korean Won. The trading will open at 5:00 PM local time. Ancient 8 is an Ethereum Layer 2 network that utilizes Optimism and Celestia technologies. Drift Protocol (DRIFT) is a decentralized exchange (DEX) on Solana.


Next news:

According to Foresight News, Sam Gao, an advisor from ai16z, stated that the technical white paper "Eliza: An AI Agent Operating System for Web3" has been officially released. The white paper reveals that Eliza is the first open-source, Web3-friendly agent framework. Each part of Eliza is a standard Typescript program, fully controlled by the user, and capable of seamless integration with Web3 (such as reading and writing blockchain data, interacting with smart contracts, etc.).


Next news:

According to reports from @EmberCN, FTX/Alameda conducted its monthly SOL redemption transfer 3 hours ago: redeeming 182,421 SOL (32.35 million USD) from staking and distributing it to 20 addresses. Since last November, FTX/Alameda's staking address has cumulatively redeemed and transferred out 4.45 million SOL (516.88 million USD) through this method, with an average transfer price of 116.2 USD.

Currently, FTX/Alameda's staking address still has 6.47 million SOL (1.18 billion USD) staked.

Next news:

Norman Reed, the interim CEO of Binance.US, stated in an interview that the U.S. Securities and Exchange Commission (SEC) accused its platform of being a "cauldron of fraud," but did not provide any conclusive evidence. "The damage the SEC has done to the platform can never be repaired; within two weeks after the lawsuit, we lost thousands of customers and billions of dollars in funds were withdrawn, and we had to lay off 70% of our staff," he said. Additionally, Norman Reed mentioned that the company expects to resume USD fiat services in the coming weeks, as it is negotiating partnerships with banks and re-engaging in dialogue with state regulators. (CoinDesk)


Next news:Sony has launched its Layer-2 blockchain named 'Soneium'. The project is spearheaded by Sota Watanabe from Startale Labs, part of Sony Block Solutions Lab. This development marks Sony's entry into the blockchain space, potentially enhancing its technological offerings and market reach.

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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