Yesterday, the net inflow of Bitcoin spot ETFs in the United States exceeded $890 million, and the market's enthusiasm for Bitcoin remains high! 📈 In contrast, the net inflow of Ethereum spot ETFs was only $4.4 million, showing relatively lackluster performance.
The U.S. Treasury Department stated that the growth of stablecoins has increased demand for government bonds, estimating that $120 billion in stablecoin collateral has been invested in government bonds, which undoubtedly brings some stability to the market.
Notably, the report shows that Bitcoin traded at a discount of 1% in South Korea recently, marking the second occurrence of a discount since September.
Additionally, Solana infrastructure developer Nitro Labs has completed a $4 million seed round financing, demonstrating the market's ongoing interest and investment enthusiasm in blockchain technology.
Overall, despite ongoing market volatility, Bitcoin continues to demonstrate strong appeal, and the future looks promising! 🚀