Spot Bitcoin ETF rise in US and other news

By Yugocean | Crypto Today | 2 Mar 2024

Spot Bitcoin ETF rise in the United States


4% of the world's circulating BTC is in the US Spot Bitcoin ETF

     New reports are showing the growing dominance of US Spot Bitcoin ETF's. According to BitMEX Research, at the end of February, 776464 BTC, or almost 4% of the 19.64M BTC that are presently in circulation, were in US-spot Bitcoin ETF firms.

GBTC Still on Top

     Outflows continue from Grayscale’s Bitcoin Trust (GBTC); despite this, GBTC holds more than half of the total BTC of all other US Spot Bitcoin ETF firms combined


Which Firm has more Bitcoin?

     Both BlackRock and Fidelity are moving very fast with huge Bitcoin inflows. Fidelity is competing with BlackRock, and BlackRock is competing with Microstrategy. Garyscale, the holder of the most bitcoins, is exiting it.




Investments in Memecoin did not go to waste

     Today, memecoins have had a good rise. Their growth levels are different, but they are profitable. Floki is top gainer, followed by Shiba Inu, PEPE, Dogecoin, and BONK respectively.)

LTC and BCH also made gains

     Who doesn't know Litecoin and BitcoinCash among the old players in crypto? They have their own fanbase. Both of them have also taken the lead.

Litecoin: $LTC has underperformed since its third halving on August 2, 2023. This bullish period also provided fodder for LTC bulls; currently, it is at the $90 level.

BitcoinCash$BCH has been very quiet since the June 2023 bull run, currently coming close to competing with BNB.


Small price Uniswap UNISWAP 

     Online marketplace Uniswap Labs has announced it will randomly send 20 USDC to 40 people with the username uni.eth, but most people are not interested due to the small prize


Blast gained support but suffered Outflow after mainnet launch

     Layer-2 network Blast has gained support from various platforms that support it. Like Zora, Flipside, Redstone, PYTH, Ambient, etc. Also, Blast has reportedly suffered $1.6 billion in outflows (due to withdrawals) since its much-hyped mainnet was launched.

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