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The new ETFs took seven trading days to amass BTC holdings of more than 100,000 BTC

The new ETFs took seven trading days to amass BTC holdings of more than 100,000 BTC

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✅Arbitrum DAO approved $215 million gaming ecosystem fund The Arbitrum DAO has approved a $215 million gaming ecosystem fund proposed by the Arbitrum Foundation. This fund aims to boost the development of blockchain-based gaming projects on the Arbitrum network. It will provide grants, investments, and other financial support to developers and gaming startups, encouraging innovation and growth in the sector. This strategic move is expected to attract a wide range of gaming applications and enhance the overall Arbitrum platform.
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#Bitcoin    has completed its 4th halving. The REWARD HALVED TO 3.125 #BTC  #bitcoinhalving
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Bitcoin Halving to 3.125 #bitcoinhalving
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Bitcoin Inscriptions Surpass 60 Million The integration of the Ordinal Theory protocol, and the consequent use of Inscriptions in the Bitcoin ecosystem, have significantly altered the transaction dynamics over the past year. Since starting in January 2023, the total number of inscriptions has gone way up, hitting over 60 million. Text data is the main source, going over 50 million. The daily count varies, ranging from over 400,000 to less than 100,000. From November 2023 to January 2024, more inscriptions led to higher fees for miners. Miners got a total of 3,588 Bitcoin from these inscriptions. There's a notable increase in the "other" category, suggesting attention. This could include software code, digital signatures, legal documents, or any data users want to permanently put on the blockchain…
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Bitcoin ETFs’ Trading Volume Exceed $30B The cumulative trading volume of spot Bitcoin ETFs has surpassed $30B, marking a significant milestone in this emerging market. In the first month alone, there was a notable $1.5B net inflow, equivalent to around 32k $BTC. There has been a shift in dominance among these Bitcoin ETFs, with the GBTC losing its initial supremacy. GBTC, which initially represented almost 50% of the volume on its opening day, saw its market share decrease to 38%. BlackRock’s $IBIT and Fidelity’s $FBTC ETFs have experienced a growth in their market shares, with ~25% and 20% increases, respectively. This shift is primarily attributed to more competitive fee structures; GBTC charges 1.5% in fees, while FBTC and IBIT offer a more attractive rate of 0.25%. GBTC, which held 620k $BTC before the ETFs started trading, now holds around 477k $BTC, reflecting a 26% decrease from its peak. Despite a gradual deceleration in outflows, there is still persistent sell-off pressure within GBTC…
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