Transaction URL: https://bithomp.com/explorer/3EEBA0DC9D4078C476501D5E32E31B85BFC25913E43B14425874753EB21C1BC1
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On January 9, 2025, U.S. Bitcoin ETFs experienced a significant net outflow, with a total of 7,802 BTC leaving the funds, which equates to approximately $722.9 million in market value. This indicates a day marked by considerable investor retreat or reallocation.
Among the funds, Fidelity’s Bitcoin ETF (Ticker: $FBTC) reported the largest outflow, losing 2,752 BTC. ARK’s Bitcoin ETF (Ticker: $ARKB) also saw a substantial decrease, with 1,577 BTC moving out. Other notable outflows included BlackRock’s Bitcoin ETF (Ticker: $IBIT) and Grayscale’s GBTC (Ticker: $GBTC), which lost 1,319 BTC and 1,308 BTC, respectively.
Additional outflows were observed in Invesco Galaxy’s Bitcoin ETF (Ticker: $BTCO) with 489 BTC lost, and Valkyrie’s (Ticker: $BRRR), which saw a decrease of 151 BTC. Franklin Templeton’s (Ticker: $EZBC) experienced a smaller outflow of 86 BTC. Bitwise’s Bitcoin ETF (Ticker: $BITB) had a modest reduction of 120 BTC.
VanEck’s (Ticker: $HODL) and Grayscale’s BTC fund (Ticker: $BTC) did not report any change, maintaining stability on a day marked by significant overall withdrawals.
This day’s overall net flow reflects a cautious or bearish sentiment among investors within the Bitcoin ETF sector, suggesting a shift in market dynamics or investor strategy.
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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ThorChain founder JP Thorbjornsen and the development team have decided to pause the ThorFi Savers and Lending programs for the next 12 months. The decision, announced Thursday, comes after consultations with key community members, devs and node operators, according to the project’s Discord.
Thorchain is a decentralized liquidity protocol that enables cross-chain asset swaps without the need for wrapped tokens or centralized exchanges. It allows users to trade native assets like Bitcoin, Ethereum and others directly on the platform, using its native token, RUNE, to facilitate transactions and secure liquidity pools. But the protocol is undergoing a major restructuring to make it…
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ICYMI, Sol Strategies announced that it was investing CAD $25 million ($17.4 million) in the Solana ecosystem earlier this week.
CEO Leah Wald told me ahead of the new year that Sol Strategies was focused on building up the “next level” of its business strategy.
Obviously, given Sol’s focus, the firm is gonna be bullish on the ecosystem, but Wald noted how pleasantly surprised she was at the amount of developer activity and overall enthusiasm for Solana right now.
She is skeptical, however, about a solana ETF being approved in the US “anytime soon.”
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Perhaps the best way to decentralize the Bitcoin network is through home mining, and things are trending in the right direction.
Yesterday, Solo Satoshi announced the Bitaxe Touch, the latest device in the world of home bitcoin mining.
This new device will utilize the BM1370 ASIC chip from the Bitmain S21 Pro and will be able to reach a hashrate of up to 1.6 TH/s.
It will also feature a touch screen that displays Bitcoin network stats…
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Market watchers have cast doubt on prediction markets’ ability to draw meaningful volumes after the presidential election. Enter: Livestreams of drugged-up mice trying to balance on a rotating rod.
The so-called DeSci platform pump.science announced a partnership with Solana-based prediction market Hedgehog Markets whereby users can place bets on the outcomes of longevity experiments on mice. It’s arguably a move in a more reputable direction for the speculative DeSci trend, which has drawn criticism for creating misaligned incentives.
Decentralized science, or DeSci, has been around…
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This is not a happy story. But I can’t get it out of my head.
Earlier this month, it was reported that 21-year-old Alabama resident Berman Nowlin — convicted of wire fraud and money laundering charges over an NFT rug pull in 2022 — had died by suicide.
A district court in Florida had ruled him guilty only three weeks earlier. He was due for sentencing later in January and faced a maximum sentence of five years in prison.
The rug pull in question referred to a short-lived Bored Apes-inspired project Undead Apes Society, which included three NFT collections released over two…
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