● CryptoQuant: More than 75% of new Bitcoin investments in the past two weeks came from spot ETFs
According to a February 14 report from on-chain data analytics firm CryptoQuant, more than three-quarters of new Bitcoin investments in the past two weeks came from spot Bitcoin ETFs (excluding Grayscale GBTC), Daily Planet reported. The report states: “We estimate that more than 75% of new investment in Bitcoin comes from these ETFs. Furthermore, investment from these ETFs has increased to 2% of total historical investment in Bitcoin in just one month, as measured by realized market capitalization. .”
● GBTC share declines in total Bitcoin ETF trading volume
According to Foresight News, Kaiko statistics show that from January 11 to 21, GBTC accounted for more than 50% of the total trading volume of spot Bitcoin ETFs, but last week its share dropped to about 30%.
● VanEck will lower its Bitcoin spot ETF fee to 0.2% effective February 21
VanEck will lower its Bitcoin spot ETF fee from 0.25% to 0.2% effective February 21, according to a filing with the U.S. Securities and Exchange Commission (SEC), Foresight News reported.
● Report: The United States accounts for 83% of the Bitcoin spot ETF market, surpassing Canada to take the first place
According to the latest report released by CoinGecko, Bitcoin spot ETFs are currently registered in 11 countries around the world and traded in only 6 geographical markets, Daily Planet reported. The leading Bitcoin ETF spot markets are the United States, Europe, and Canada. Specifically, the United States has become the number one market for Bitcoin spot ETFs, with the 10 Bitcoin spot ETFs approved earlier this year with a total asset size of $34.78 billion. The United States currently accounts for an overwhelming 83.3% of the $41.14 billion global spot Bitcoin ETF market, surpassing Canada, which previously led the market with 46.3%.
● MicroStrategy’s Bitcoin holdings are now worth $10 billion
MicroStrategy’s Bitcoin holdings are currently worth $10 billion, according to the Daily Planet. As of February 5, 2024, the company held 190,000 BTC at a total cost of $5.93 billion and an average holding cost of $31,224.
● Federal Reserve Board of Governors: Stablecoins can help strengthen the status of the U.S. dollar
According to CoinDesk, Federal Reserve Governor Christopher Waller said that the impact of the crypto industry on the US dollar appears to be beneficial. As long as stablecoins are pegged to the U.S. dollar, as 99% of tokens are now, they will increase the global strength of the U.S. dollar.
● Binance Labs announced the first three projects to be incubated in S6: Ethena Labs, NFPrompt and Shogun
Binance Labs announced the first three projects incubated in its S6 (Incubation Season 6) on its official social media account, including: Ethena Labs, NFPrompt and Shogun. Ethena Labs is a derivatives infrastructure provider aiming to transform ETH into the first crypto-native yield stablecoin that does not rely on the banking system. NFPrompt is an AI-powered UGC platform designed for the new generation of Web3 creators, supporting all emerging standards including NFTs, inscriptions, and 404s. An all-in-one platform powering AI creation, social community, and commercialization. Shogun is an intent-centric protocol designed to maximize traders’ extractable value (TEV) through optimized order flow and complete chain abstraction.
