Transaction URL: https://blockchain.com/btc/tx/64458010cbc99d1c3a1c5f81e1afeef89590ec269f62a1b6f67e26afccb967be
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On January 17, 2025, the U.S. Bitcoin ETFs reported a significant overall net inflow of 7,232 BTC, substantially exceeding the 450 new bitcoins mined on that day. This represents a robust increase in market activity and investor interest, indicating a bullish sentiment in the Bitcoin ETF market.
Fidelity’s Bitcoin ETF (Ticker: $FBTC) led the day with a remarkable inflow of 4,630 BTC, which likely reflects strong investor confidence in their management or strategic positioning within the cryptocurrency market. ARK’s Bitcoin ETF (Ticker: $ARKB) also saw substantial inflows, adding 1,547 BTC, suggesting increasing investor interest in ARK’s investment approach to Bitcoin.
Other notable inflows were observed in BlackRock’s Bitcoin ETF (Ticker: $IBIT) and Grayscale’s Bitcoin Trust (Ticker: $GBTC), which gained 318 BTC and 499 BTC, respectively. These additions underline the continued appeal of Bitcoin as an investment among a diverse range of institutional investors. Bitwise’s Bitcoin ETF (Ticker: $BITB) and VanEck’s (Ticker: $HODL) also experienced modest increases, further highlighting the positive market trend.
However, not all funds experienced growth; Invesco Galaxy’s Bitcoin ETF (Ticker: $BTCO) reported a decrease of 96 BTC, indicating some degree of sell-offs or rebalancing within that fund. Despite this, the overwhelmingly positive net flow across most ETFs underscores a day of vigorous trading and heightened investor activity, significantly outpacing the new supply from Bitcoin mining, and suggesting optimistic market expectations.
Disclaimer: Market capitalizations and data can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.
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President-elect Donald Trump is set to issue an executive order early Monday, making crypto a central policy focus. This groundbreaking move includes the creation of a crypto advisory council, pulling in industry leaders to shape future regulations. This initiative marks a significant shift from the Biden administration’s restrictive approach, which saw numerous enforcement actions against major crypto firms.
Under the forthcoming order, all government agencies will be tasked with reassessing their digital asset policies and may even halt ongoing litigations against companies like Ripple Labs. The plan also proposes a national Bitcoin reserve, aiming to consolidate about $20 billion worth of Bitcoin currently owned by the U.S. from various investigations.
Trump’s proactive stance on crypto was highlighted during his campaign, notably at a Bitcoin conference where he vowed to position the U.S. as a global leader in the field. His family’s venture into crypto projects such as World Liberty Financial underscores their commitment to the industry’s growth. This strategic embrace of digital assets demonstrates the increasing political influence of the crypto sector.
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Multicoin Capital was one of Solana’s early investors. Now it’s trying to change the network’s inflation mechanism.
The Austin, Texas-based firm published a Solana Improvement Document this morning that would change SOL emissions from the current fixed schedule to a market-based solution. Multicoin’s proposal would likely drive down inflation — which dilutes SOL holders — but would also lower staking yields, which are a boon for SOL stakers.
In Solana terms, inflation refers to the network issuing SOL to the validators who run Solana’s software and help build the blockchain….
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Ever since COVID closed global economies in 2020, gauging where we stand in the business cycle has been a very difficult act.
The typical business cycle looks as follows, and historically, it’s been fairly easy to have a general idea of where we stood by contrasting it with interest rates and monetary policy:
However, everything has been somewhat upside down in recent years, leaving many economists befuddled.
For example, in 2022 we saw negative real GDP prints (initially at two but then revised down to one):
However, during that same time we saw one of the hottest…
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The SEC has moved forward with an appeal in its case against Ripple.
The securities regulator is seeking to reverse a 2023 ruling that determined retail sales of Ripple’s XRP token were not unregistered securities offerings. Federal Judge Analisa Torres said that blind/programmatic sales of XRP, which occur on exchanges, were not in violation of US securities laws.
“The district court erred both factually and legally in concluding that defendants’ offers and sales of XRP to public buyers who purchased on crypto asset trading platforms,” the SEC wrote in its opening brief,…
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