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Quick Take The bitcoin price pulled back to under $100,000 — marking a 5.7% decline in the past day. Over $850 million worth of crypto trades were liquidated on exchanges in 24 hours, predominantly affecting long positions.
The equities exchange posted an amended rule filing on Monday that would allow for in-kind redemptions and creations for the ARK 21Shares Bitcoin ETF and the 21Shares Core Ethereum ETF. Ahead of the U.S. Securities and Exchange Commission’s approvals for spot bitcoin ETFs over a year ago, firms were hashing out technical details over how the redemption process would work for those products.
Quick Take Analog, a blockchain interoperability protocol, raised $5 million at a $300 million token valuation, marking a 150% jump in valuation within a year. Analog is set to launch its token on Feb. 6, following its recent mainnet debut.
Amid market volatility, these three crypto tokens achieved all-time highs. Explore the factors behind their surges and key levels ahead.
XRP's rally to $3.40 has stalled, with bearish signals hinting at a correction. Can it hold $3, or will $2.73 become the next support level?
- 16:43Bitcoin Spot ETFs Total Net Outflows of $1.139 Billion Yesterday Reached a Record HighAccording to SoSoValue data, Bitcoin spot ETFs saw total net outflows of $1.139 billion yesterday (25 February EST). GBTC, the Grayscale ETF, saw a net outflow of $66,143,400 in a single day yesterday, and GBTC's historical net outflow now stands at $22,232 million. The Grayscale (Grayscale) Bitcoin Mini-Trust ETF BTC had a single-day net outflow of $85,762,800, and the total historical net inflow of Grayscale Bitcoin Mini-Trust BTC is currently $1.107 billion. As of press time, the total net asset value of the Bitcoin Spot ETF is $101.012 billion, the ETF's net asset ratio (market capitalisation over the total market capitalisation of Bitcoin) stands at 5.78%, and the cumulative historical net inflows have reached $37.878 billion.
- 16:42SAFE falls briefly to touch 0.42USDT, down 8.64% in 24HThe market showed that SAFE fell to 0.42 USDT in short term and now recovered to 0.4539 USDT, down 8.64% in 24H, or due to the impact of CEX's hacking forensics report.
- 16:01Standard Chartered: Further ETF Outflows Could Drive Bitcoin Price LowerGeoff Kendrick, Global Head of Digital Asset Research at Standard Chartered, has warned that continued outflows from the Bitcoin Spot ETF could drive the cryptocurrency's price lower, reports The Block. This comes after the ETF saw one of its largest one-day outflows on record yesterday, selling nearly $1 billion, continuing a trend of significant outflows over the past few weeks. I don't think the sell-off is over yet, with net ETF buying now losing about $1.3 billion since the U.S. election,’ he said. Since then, the average purchase price using the daily bitcoin closing price has been $97,000.’