For the first time, 10 U.S. spot Bitcoin ETFs experienced net outflows throughout the week. On March 22, 2024, the US spot Bitcoin ETF had a net outflow of US$52 million. This is the first time there has been a full week of net outflows so far. The total outflow of 10 spot Bitcoin ETFs is US$888 million; the cumulative net inflow after 50 trading days is currently US$11.27 billion; the single-day net inflow of IBIT is only US$18.9 million. , hitting the lowest inflow on the 20th, even lagging behind EZBC and BRRR.
The U.S. Securities and Exchange Commission said in a filing on Friday that the agency was delaying a decision on whether to approve Grayscale’s Ethereum futures ETF application. The new deadline is May 30. The SEC stated that the Commission believes it is appropriate to specify a longer period for issuing an order approving or disapproving the proposed rule change to allow the Commission sufficient time to consider the proposed rule change and the issues raised therein.
Circle has issued a total of US$4.4 billion USDC and redeemed US$3.1 billion USDC in the past seven days, increasing the circulation by US$1.2 billion. The total circulation of USDC is US$31.8 billion, with reserves of US$31.9 billion, of which approximately US$4.9 billion is cash and approximately US$27 billion is held by the Circle Reserve Fund.
