SoSoValue data shows that the daily net inflow of Bitcoin ET...
According to SoSoValue data, the daily net inflow of Bitcoin ETF exceeded 0.1 billion US dollars for the second consecutive day. This marks the fund's net inflow being positive for five consecutive days. Additionally, according to CryptoQuant data, this has turned the indicator tracking the ETF's 30-day net holdings into positive territory for the first time in September, indicating an accumulating trend rather than a selling trend.
Ki Young Ju, CEO of CryptoQuant, also stated that the United States is regaining dominance in Bitcoin holdings. Driven by the demand for physical ETFs, its proportion of holdings relative to other countries is increasing (only including known entities).
Meanwhile, the trading price of Ether (ETH) is above $2,500, down 1.3% on the day but up 8% for the week. Data shows that the daily average net inflow of Ether ETF is $43 million, with positive net inflow for the second consecutive day.
On the 26th, it was reported that China is considering injecting up to 1 trillion yuan (about 142 billion US dollars) into state-owned major banks to rescue the market, enhance its ability to support the struggling economy, and provide more financing for economic development. If realized, it would be China's first capital injection into large banks since the global financial crisis in 2008. Asian stock markets soared after the news.
Ki Young Ju, CEO of CryptoQuant, also stated that the United States is regaining dominance in Bitcoin holdings. Driven by the demand for physical ETFs, its proportion of holdings relative to other countries is increasing (only including known entities).
Meanwhile, the trading price of Ether (ETH) is above $2,500, down 1.3% on the day but up 8% for the week. Data shows that the daily average net inflow of Ether ETF is $43 million, with positive net inflow for the second consecutive day.
On the 26th, it was reported that China is considering injecting up to 1 trillion yuan (about 142 billion US dollars) into state-owned major banks to rescue the market, enhance its ability to support the struggling economy, and provide more financing for economic development. If realized, it would be China's first capital injection into large banks since the global financial crisis in 2008. Asian stock markets soared after the news.
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