Let's turn our attention to today's overall Crypto market situation.
As of 6 AM Hong Kong time on June 26, 2025, according to sosovalue, the total market cap of the crypto market stands at 3.42 trillion US dollars, witnessing a decrease of 1.13% compared to yesterday; the total trading volume is 99.63 billion US dollars, marking a decline of 3.93% from the previous day.
According to sosovalue, the price of $BTC is 107,560 USD, an increase of 1.27% from yesterday. The market cap of $BTC is 2.14 trillion USD, accounting for 62.5% of the total market cap; $BTC's 24-hour trading volume is 32.25 billion USD, making up 32.4% of the total trading volume.
The price of $ETH is 2,473.8 USD, up 1.83% from yesterday; the market cap of $ETH is 298.63 billion USD, representing 8.73% of the total market cap; $ETH's 24-hour trading volume is 16.87 billion USD, comprising 16.9% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 71.23% of the total cryptocurrency market cap, and their combined trading volumes constitute 49.3% of the total trading volume.
According to sosovalue, out of 16 sectors, 5 are up and 11 are down. Notably, DePIN, RWA, and AI sectors are worth mentioning.
DePIN sector has fallen 2.46% relative to the UTC 0 time, led by declines in DMC (-35.2%), shdw (-8.89%), and ROAM (-8.4%).
RWA sector has decreased 2.57% relative to UTC 0, with hifi (-15.1%), EPIC (-5.96%), and PLUME (-5.42%) leading the drop.
AI sector has fallen 3.51%, with SEKOIA (-17.5%), fartcoin (-10.6%), and TAG (-10.2%) leading the decline.
According to SoSoValue data, Bitcoin spot ETF saw a total net inflow of 547.72M USD yesterday (Eastern Time, June 25th).
The Bitcoin Spot ETF with the highest net inflow yesterday was BlackRock's ETF IBIT, with a daily net inflow of 340.28M USD, and the total historical net inflow of IBIT currently stands at 51.99B USD.
The second highest was Fidelity's ETF FBTC, with a daily net inflow of 115.19M USD, and the total historical net inflow of FBTC currently stands at 11.76B USD.
As of the time of publication, the total net asset value of Bitcoin Spot ETFs is 133.56B USD, with an ETF net asset ratio (market capitalization relative to the total Bitcoin market cap) of 6.23%. The historical cumulative net inflow has reached 48.14B USD.
Source: https://sosovalue.com/zh/assets/etf/us-btc-spot
According to data from the SoSoValue Bitcoin Treasuries dashboard, Metaplanet announced on June 25, 2025 (ET) that it had acquired 1,234 $BTC at an average price of $107,557, with a total investment of approximately $132.7 million.
Compared to its previous purchase disclosed on June 22—1,111 $BTC at $106,408—this represents an 11.07% increase in quantity and a 12.27% increase in total investment.
As of June 25, 2025, Metaplanet holds a total of 12,345 $BTC at an average purchase price of approximately $97,036, with a current market value of around $1.332 billion.
In-kind redemptions for crypto exchange-traded funds could be coming, according to one of the U.S. Securities and Exchange Commission's top leads, Hester Peirce.
Republican Commissioner Peirce was asked on Wednesday during a panel at the Bitcoin Policy Institute whether the SEC would sign off on in-kind creation and redemptions and if that "was on the horizon." Firms, including BlackRock, have been asking the agency for months to allow for in-kind creations and redemptions for Bitcoin ETFs specifically, instead of having to use cash.
Nasdaq, on behalf of BlackRock, filed a Form 19b-4 in January for that change, and others have since followed.
"Those (forms) are going through the process now," Peirce said. "So I think that's something that's certainly on the horizon at some point. I $can't prejudge, but we hear that there's a $lot of interest."
Ahead of the SEC's approvals for spot Bitcoin ETFs over a year ago, firms were hashing out technical details over how the redemption process would work for such products. The SEC favored a cash model that required firms like BlackRock to move Bitcoin out of storage, sell it right away, and then give the cash back to the investor.
James Seyffart, Bloomberg Intelligence ETF analyst, previously said in January that allowing that mechanism would allow funds to trade more efficiently.
The SEC under the Trump administration has taken a friendlier approach to crypto when compared to the previous Biden administration. Since the change in administration, firms have looked to get the agency's sign-off for an array of crypto ETFs, from ones tracking XRP to SOL to DOGE. Seyffart, alongside Bloomberg senior ETF analyst Eric Balchuna,s raised the odds of the SEC approving the majority of spot crypto ETF filings to 90% or above.
Let's turn our attention to today's overall Crypto market situation.
As of 6 AM Hong Kong time on June 26, 2025, according to sosovalue, the total market cap of the crypto market stands at 3.42 trillion US dollars, witnessing a decrease of 1.13% compared to yesterday; the total trading volume is 99.63 billion US dollars, marking a decline of 3.93% from the previous day.
According to sosovalue, the price of BTC is 107,560 USD, an increase of 1.27% from yesterday. The market cap of BTC is 2.14 trillion USD, accounting for 62.5% of the total market cap; BTC's 24-hour trading volume is 32.25 billion USD, making up 32.4% of the total trading volume.
The price of ETH is 2,473.8 USD, up 1.83% from yesterday; the market cap of ETH is 298.63 billion USD, representing 8.73% of the total market cap; ETH's 24-hour trading volume is 16.87 billion USD, comprising 16.9% of the total trading volume.
The combined market capitalization of BTC and ETH accounts for 71.23% of the total cryptocurrency market cap, and their combined trading volumes constitute 49.3% of the total trading volume.
According to sosovalue, out of 16 sectors, 5 are up and 11 are down. Notably, DePIN, RWA, and AI sectors are worth mentioning.
DePIN sector has fallen 2.46% relative to the UTC 0 time, led by declines in DMC (-35.2%), shdw (-8.89%), and ROAM (-8.4%).
RWA sector has decreased 2.57% relative to UTC 0, with hifi (-15.1%), EPIC (-5.96%), and PLUME (-5.42%) leading the drop.
AI sector has fallen 3.51%, with SEKOIA (-17.5%), fartcoin (-10.6%), and TAG (-10.2%) leading the decline.
According to SoSoValue data, Bitcoin spot ETF saw a total net inflow of 547.72M USD yesterday (Eastern Time, June 25th).
The Bitcoin Spot ETF with the highest net inflow yesterday was BlackRock's ETF IBIT, with a daily net inflow of 340.28M USD, and the total historical net inflow of IBIT currently stands at 51.99B USD.
The second highest was Fidelity's ETF FBTC, with a daily net inflow of 115.19M USD, and the total historical net inflow of FBTC currently stands at 11.76B USD.
As of the time of publication, the total net asset value of Bitcoin Spot ETFs is 133.56B USD, with an ETF net asset ratio (market capitalization relative to the total Bitcoin market cap) of 6.23%. The historical cumulative net inflow has reached 48.14B USD.
Source: https://sosovalue.com/zh/assets/etf/us-btc-spot
According to data from the SoSoValue Bitcoin Treasuries dashboard, Metaplanet announced on June 25, 2025 (ET) that it had acquired 1,234 BTC at an average price of $107,557, with a total investment of approximately $132.7 million.
Compared to its previous purchase disclosed on June 22—1,111 BTC at $106,408—this represents an 11.07% increase in quantity and a 12.27% increase in total investment.
As of June 25, 2025, Metaplanet holds a total of 12,345 BTC at an average purchase price of approximately $97,036, with a current market value of around $1.332 billion.
In-kind redemptions for crypto exchange-traded funds could be coming, according to one of the U.S. Securities and Exchange Commission's top leads, Hester Peirce.
Republican Commissioner Peirce was asked on Wednesday during a panel at the Bitcoin Policy Institute whether the SEC would sign off on in-kind creation and redemptions and if that "was on the horizon." Firms, including BlackRock, have been asking the agency for months to allow for in-kind creations and redemptions for Bitcoin ETFs specifically, instead of having to use cash.
Nasdaq, on behalf of BlackRock, filed a Form 19b-4 in January for that change, and others have since followed.
"Those (forms) are going through the process now," Peirce said. "So I think that's something that's certainly on the horizon at some point. I can't prejudge, but we hear that there's a lot of interest."
Ahead of the SEC's approvals for spot Bitcoin ETFs over a year ago, firms were hashing out technical details over how the redemption process would work for such products. The SEC favored a cash model that required firms like BlackRock to move Bitcoin out of storage, sell it right away, and then give the cash back to the investor.
James Seyffart, Bloomberg Intelligence ETF analyst, previously said in January that allowing that mechanism would allow funds to trade more efficiently.
The SEC under the Trump administration has taken a friendlier approach to crypto when compared to the previous Biden administration. Since the change in administration, firms have looked to get the agency's sign-off for an array of crypto ETFs, from ones tracking XRP to SOL to DOGE. Seyffart, alongside Bloomberg senior ETF analyst Eric Balchuna,s raised the odds of the SEC approving the majority of spot crypto ETF filings to 90% or above.