● CoinShares: Bitcoin trading volume reached $11.8 billion last week, 7 times the average weekly trading volume in 2023
CoinShares weekly data showed that digital asset investment products saw small outflows of funds last week, totaling US$21 million, but Bitcoin trading volume reached US$11.8 billion, seven times the typical weekly trading volume in 2023.
● BlackRock’s spot Bitcoin ETF has a negative premium for the first time
According to Golden Finance, market data showed that BlackRock's spot Bitcoin ETF had a negative premium for the first time, at about -0.30%.
● Grayscale has outflowed about 52,000 BTC since the Bitcoin spot ETF was approved, and still holds nearly 567,000 BTC
According to data from Grayscale's official website cited by Lookonchain, Grayscale's Bitcoin spot ETF has outflowed 52,227 BTC (US$2.14 billion) since its approval, and currently holds 566,973 BTC (about US$23.21 billion). iShares' Bitcoin spot ETF holds 33,431 BTC (about US$1.37 billion), Fidelity's Bitcoin spot ETF holds 24,857 BTC (about US$1.02 billion), and Bitwise's Bitcoin spot ETF holds 10,152 BTC (about US$415.6 million).
● Franklin Templeton Digital Asset Strategy Director: Spot Bitcoin ETF fees will not go any lower
According to CoinDesk, Sandy Kaul, head of digital asset strategy at Franklin Templeton, said in a recent interview that the company's next goal "is more tokens, which is where Franklin Templeton believes the opportunity lies." She said that Franklin Templeton said that the spot Bitcoin ETF will have zero fees in the next six months, and related fees in the market should not drop any lower in the future.
● Google search interest in spot Bitcoin ETFs plummets
According to Golden Finance, according to data from Google Trends, the search popularity of the keyword "Bitcoin ETF" peaked at 100 (maximum interest) on January 10, but dropped to less than 8 on January 22.
● Alameda Research drops lawsuit against Grayscale
According to Reuters, the bankrupt FTX subsidiary Alameda Research announced that it would withdraw its lawsuit against Grayscale Investments. It is reported that Alameda Research had accused Grayscale of "seeking profits at the expense of shareholders."
According to a lawsuit Alameda filed in Delaware court last March, the firm claims Grayscale overcharged and refused to let investors redeem shares from its two crypto trusts, GBTC and Grayscale Ethereum Trust.
● Terraform Labs: The company is still operating normally and will continue to expand its business during bankruptcy protection
According to Foresight News, Terraform Labs tweeted that during the bankruptcy filing, the company remained operational and fulfilled all financial obligations to employees and suppliers. Following the acquisition of Pulsa Finance, the launch of Station Wallet V3, and the Enterprise cross-chain staking upgrade, Terraform Labs said it would continue to expand its business. Previously, Terraform Labs filed for bankruptcy protection in the U.S. Federal Bankruptcy Court earlier today.
● Paper Ventures launches $25 million blockchain venture capital fund
According to PANews, Paper Ventures has launched a $25 million venture capital fund for blockchain startups. Founded by Danish Chaudhry, Oliver Blakey, and Ivailo Jordanov, the fund aims to leverage the founders’ industry experience and networks to provide successful resources and connections for portfolio projects.
