● Bitcoin ETF trading volume reached $111 billion in March, three times that of the previous two months
According to PANews, Bloomberg ETF senior analyst Eric Balchunas said on the X platform that the trading volume of Bitcoin ETFs in March reached $111 billion, approximately three times that of February and January. Balchunas also commented on this data: "I can't imagine that the transaction volume in April will be larger."
● ARKB Bitcoin Spot ETF saw net outflows for the second consecutive day
According to BlockBeats, Farside Investors data showed that on April 3, the Bitcoin spot ETF ARKB launched by Ark Invest and 21Shares had a net outflow of approximately US$87.5 million yesterday, marking the second consecutive day of net outflow.
● ProShares launches ProShares Ultra Bitcoin ETF and ProShares UltraShort Bitcoin ETF
According to Wu, ETF provider ProShares announced the launch of the ProShares Ultra Bitcoin ETF (BITU), which targets a 2x daily return on Bitcoin. At the same time, ProShares also launched the ProShares UltraShort Bitcoin ETF (SBIT), which targets a -2x daily return on Bitcoin. BITU and SBIT are listed on the New York Stock Exchange and are designed to address the challenges of obtaining leverage or shorting Bitcoin.
● Co-founder of Mechanism Capital: BTC and ETH will maintain range fluctuations, and Meme coins will have considerable returns
According to BlockBeats, Andrew Kang, co-founder and partner of Mechanism Capital, predicts that BTC and ETH will mainly fluctuate in the range in the next few weeks, and volatility will continue to shrink as major cryptocurrencies gradually enter the institutional stage. He said that there are still considerable returns in the field of altcoins, but they are mainly limited to Meme coins because the inflow of new funds into the crypto market has slowed down.
● Bitcoin miners’ income hits record high in March
According to Golden Finance, data shows that within the 30 days as of March 31, Bitcoin miners’ income in March hit a record high, with revenue in March exceeding US$2 billion, averaging US$65.23 million per day.
● Wormhole releases roadmap: W becomes a native multi-chain token and introduces a multi-chain governance system
According to Odaily Planet Daily, Wormhole officially released a roadmap, stating that W will become a native multi-chain token, leveraging the unique advantages of Solana and EVM chains while introducing a multi-chain governance system.
● Fed's Mester expects rate cut later this year
According to BlockBeats, Fed Mester said on April 3 that he expects the Fed to cut interest rates later this year, but does not believe a rate cut is necessary at the next meeting.
