Daily Digest: BTC ETF daily inflow exceeds 800 million US dollars, market still in extreme greed state

According to Farside Investor data, the net inflow of the US SpotBTCETF was $819 million yesterday. Among them, BlackRock IBIT saw an inflow of $213 million, Fidelity FBTC had a net inflow of $256 million, and Ark Investment ARKB had a net inflow of $265 million.

Yesterday, the US Ethereum Spot ETF saw a net outflow of 81 million USD. Among them, BlackRock ETHA saw an outflow of 14.23 million USD, Fidelity FETH saw an outflow of 46.7 million USD, and Grayscale ETHE saw an outflow of 20.4 million USD.

Bloomberg Analyst: Traders Betting Bitcoin Will Double Next Month

Bloomberg's senior ETF analyst Eric Balchunas wrote on X platform: "So far, there are hundreds of millions of dollars in Options volume on the Belad IBIT (a lot on the first day of listing). According to the ranking of contract volume, almost all are call Options. It looks very optimistic, especially the C100 on December 20th, which is basically betting that the price of BTC will double next month."

ai16z Co-founder Shaw: Indeed, some members have earned significant profits through Eliza issuance, and the team will continue to promote project development.

a16z's Shaw responds to the controversy over Eliza Token issuance: 'I coordinated with our release partners to try to buy chips at the time of Eliza's issuance, but didn't get much. However, someone on our team did get quite a bit of profit and agreed to hand it over to DAO and the team, so we have enough money to fulfill our promise of Airdrop to other projects and maintain Eliza's team operations.'

Shaw said, "Although it is regrettable that the project has been preemptively issued, considering the interests of the holders, the original team has reached a cooperation agreement with the preemptive issuance party, promising to airdrop 10% of the initial Token supply as compensation. The new team will join the Eliza project as code contributors, focusing on assisting in the development of metanarrative tools. Eliza project has been in preparation for many years. Although this incident is regrettable, the team will continue to promote the development of the project, ensuring the free circulation of Tokens and not being controlled by any individual or organization."

BlackRock IBIT's assets under management have increased by 38% in the past 7 days, making it the fastest-growing ETF in history.

According to Fox Business, data from Dow Jones Market Data Group shows that as of November 14th, the largest BTCSpot ETF, BlackRock IBIT, has reached a total assets of $42 billion, with a rise of 38% in the past seven days. This has pushed the price of the ETF (stock code IBIT) to its all-time high, making it considered the fastest rising ETF in history.

A spokesperson for BlackRock stated, "Since its launch, the inflow of funds into IBIT has highlighted investors' preference to invest in Bitcoin through the convenience and quality of ETFs. The market's positive expectations for proactive regulatory actions on BTC and cryptocurrency have reignited optimism. We remain focused on educating investors and providing convenient, transparent channels for BTC investment."

According to the company, IBIT has attracted over $3 billion in assets since the election. With Donald Trump taking office in the future, it is expected to bring a government that is more supportive of cryptocurrency.

Market analysis: USUAL is stable, big dump of MOODENG, ACT, etc.

Market Hotspots

AlgorithmStable Coinprotocol USUAL is online, with a current circulating Market Cap of 150 million US dollars, and a fully circulating Market Cap exceeding 1 billion US dollars. In the same field, leading ENA has a current circulating Market Cap of 1.5 billion US dollars; after experiencing the last round of LUNA's collapse, the market is still exploring solutions for Algorithmic Stablecoin, but USUAL's performance is average, and such VC coin stories are no longer favored by the market.

AI MEME leadingToken GOAT performed strongly, plummeted to around $1 yesterday and rebounded significantly by 20%, currently hovering around $1.2. GOAT's current circulating market capitalization is $1.15 billion, and it remains to be seen whether GOAT will become the leader of this round of market trends;

Prior strong coins such as MOODENG, ACT, etc., experienced a sharp decline, while established coins like XTZ pumped. The decline of leading coins and the pump of established coins indicate the end of the short-term market trend, and the market will enter a period of volatility, waiting for the emergence of new narratives.

Market Trend

BTC once broke through $93,900, hitting a new all-time high, and is currently slightly falling to around $91,500, with BTCD reaching 59.2%, still at a historical high. When BTCD drops significantly, it's the moment for AltCoin to shine;

ETH fell below $3100 and is still in a narrow range. ETH still needs to wait for BTC to break its historical high before it can have independent price performance.

Alts generally fell, the market lacks sustained narrative, AI meme performance is still good;

Macro News: US stocks edged down slightly, and NVIDIA will release its financial report today.

The three major US stock indexes rose and fell differently, with the S&P 500 rising by 0.40% to 5916.98 points; the Dow Jones fell by 0.28% to 43268.94 points; and the Nasdaq rose by 1.04% to 18987.47 points. The 10-year US Treasury yield, Benchmark, is 4.39%, and the 2-year US Treasury yield, which is most sensitive to the Intrerest Rate policy of the Federal Reserve, is 4.27%.

On the news front, Nvidia will release its third-quarter earnings report after the Wednesday market close. Nvidia is considered one of the most dominant stocks in the US stock market, and its financial performance is highly anticipated by the global market. Bank of America Securities strategists predict that Nvidia's earnings may pose a greater risk to the S&P 500 index compared to the next non-farm payroll data, CPI, or Fed meetings.

According to Bloomberg, Trump's Trump Media & Technology Group is negotiating the acquisition of digital asset platform Bakkt Holdings Inc. Other developments include the listing of iShares BTC Trust ETF (IBIT) Options, which is the largest BTC spot ETF in terms of scale, on Nasdaq exchange for the first time on Tuesday.

Author: Icing, Gate.io Researcher This article represents only the author's point of view and does not constitute any trading advice. Investment carries risks, and decisions should be made with caution. This article is original, and the copyright belongs to Gate.io. Please indicate the author and source if you need to reprint, otherwise legal responsibilities will be pursued.