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U.S. Bitcoin Spot ETFs Pull in a Net Inflow of 32,002.7 BTC in 17 Trading Days after Launch | Cryptocurrency Trends

John, Bitget Research
2024/02/04
U.S. Bitcoin Spot ETFs Pull in a Net Inflow of 32,002.7 BTC in 17 Trading Days after Launch | Cryptocurrency Trends

1. Mainstream Exchange Trends:

  • Coinbase announced that it no longer supports Bitcoin SV (BSV). Any remaining BSV assets in Coinbase user accounts will be liquidated.
  • Mainstream Exchange Listings (CEX: Token — Time of Listing in UTC):
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2. Cryptocurrency Trends:

  • Genesis Global Capital has filed a new motion with the U.S. Bankruptcy Court in the Southern District of New York seeking authorization to sell approximately $1.6 billion in trust assets.
  • LPL Financial, the largest independent investment advisory service platform in the United States, is currently reviewing the recently approved Bitcoin spot ETFs.
  • LSD stablecoin protocol Lybra Finance posted that it has noticed a sudden drop in TVL, which was caused by user behavior. The protocol is secure and users' assets are not affected.
  • According to BitMEX Research, the U.S. Spot Bitcoin ETFs note a net inflow of 32,000.7 BTC within just 17 trading days since their launch, which is approximately $1.459 billion.
  • Dune data shows that the total bridged value (TVB) of zkSync storage is 2,990,487 ETH.
  • The Layer 1 blockchain Shardeum has released an airdrop update. The Shardeum Foundation plans to distribute SHM airdrops in three stages, totaling 25.4 million coins.
  • According to The Block, Epic Games is listing Call of Duty-style crypto video game Shrapnel on the Epic Games Store, competing alongside other blockchain-powered video games like Star Atlas and Illuvium which are also available on the store in early-access form.

3. Financing Trends:

  • Cosmos liquidity staking protocol Stride Closes $4 million strategic funding round led by DBA.
  • Beacon, the Web3 accelerator launched by Polygon co-founder Sandeep Nailwal, officially announced that it has raised more than $150 million collectively by its one-year anniversary.

4. Regulatory Trends:

  • No NFTs to mention for today.
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