富达 · 1619

Data: Fidelity's customers have bought $134 million worth of Bitcoin in the past two days

In comparison, according to Arkham monitoring data, Fidelity customers have bought a total of about $134 million in Bitcoin over the past two days. This was the most positive two-day net buying performance for the institutional client since the beginning of July. According to relevant data, the scale of this purchase was significantly higher than the recent average, causing the market to pay attention to whether institutional demand is picking up again. Arkham pointed out that the Bitcoin allocation trend of Fidelity customers is often regarded as an important reference for observing the flow of funds from traditional financial institutions.

3d ago

Fidelity: BTC volatility is lower than the historical trading day of around 98.5%

According to Bitcoin Magazine, citing Fidelity Digital Assets's latest opinion, the current volatility of Bitcoin (BTC) has fallen below its historical trading day level of about 98.5%. The agency pointed out that this state of compression can be compared to a compressed spring. The longer the fluctuation rate remains low, the greater the potential for a significant market once the direction is clearly chosen. Fidelity Digital Assets, as a digital asset service division under Fidelity, tracks the Bitcoin market structure and risk indicators over a long period of time. This review focuses on the recent phenomenon where volatility is at an extremely low level in history, and emphasizes that long-term suppression of volatility often indicates that larger price fluctuations may occur in the future, but no specific direction judgment or time expectations have been given. The relevant statement reflects the agency's observation of the current microstructure of the BTC market, that is, against the backdrop of continued contraction of volatility, the accumulation of market energy may provide conditions for subsequent breakthroughs. This view is based on historical quantile statistics and provides investors with a reference perspective to understand the current volatile environment. This article is sponsored by GENG, Build Your Fortune on GENG (https://geng.one)

3d agoburnking

Wall Street Q2 holdings revealed: as institutions fall and buy more, ETH outperforms BTC across the board

Source: ChainCatcher Author: Zhou Original title: Q2 Wall Street Institutional Crypto Positions: Most institutions bucked the trend, and ETH exposure completely outperformed BTC in the second quarter. ETF capital flows and institutional behavior were decoupled, and the institutionalization of crypto assets deepened; at the same time, institutional differences over crypto-related stock targets are also getting bigger. August 14 is the legal deadline for the US SEC to require institutional investors to submit Q2 13F forms. After the centralized disclosure of documents, Wall Street's crypto holdings were once again spread out on the table. There was a clear contrast between institutional movements and currency price trends this season. The price of Bitcoin fell by about 14.2%, while crypto holdings declared by institutions increased. According to Bitcoin Strategy's calculation of 13F data, institutional Bitcoin holdings increased 7.5% from about 498,000 to about 536,000, up 7.5% month-on-month, while total ETF holdings fell from about 1.297,000 to about 1,211,000 during the same period. According to SosoValue data, the US spot Bitcoin ETF continued to make net redemptions in the second quarter, with net outflows of about 2.4 billion and 4.5 billion US dollars in a single month in May and June, respectively. Among them, June set the worst monthly record since listing. The Ethereum ETF also had a cumulative net outflow of around $700 million over the same period. At the same time, the chips are concentrated on the head. The number of institutions declaring Bitcoin holdings dropped from about 2,000 to about 1,900. According to Bloomberg data, as of August 13, the number of institutional holders of an IBIT product reached about 1,500, with a net worth of about US$47.35 billion. The growth rate of Ethereum on the bank side completely outperformed Bitcoin. Previously, ChainCatcher wrote in the first quarter position review: Institutional interest in Ethereum's allocation is increasing, and Jane Street, Wells Fargo, and J.P. Morgan Chase all added Ethereum ETFs during the outflow phase. In the second quarter, this sign was confirmed on the bank side. According to DWF Labs estimates, in terms of the number of corresponding crypto assets, Morgan Stanley's exposure to BTC increased 3.7% month-on-month and ETH exposure increased 18.6% in the second quarter. J.P. Morgan's BTC exposure increased 12.2%, and ETH exposure increased 67.3%. Both banks are growing at a significantly higher rate of ETH than BTC. The individual level is more intuitive. Morgan Stanley's ETHA increased by about 202% to 4.6 million shares, J.P. Morgan's ETHA increased by about 338% to nearly 1.17 million shares, and Bank of America ETHA increased from about 67,500 shares to about 1.98 million shares, about 29 times the previous one. But in fact, there was an overall net outflow of Ethereum spot ETFs in the second quarter. According to SosoValue data, there was still a net inflow of about 356 million US dollars in April, net outflows of about 541 million and 529 million US dollars in May and June respectively, and a total net outflow of about 714 million US dollars in the second quarter. Jane Street bought it back. Hedge funds moved their positions into options. Last season, Jane Street cut IBIT holdings by about 71%. The market once speculated that it was bearish on Bitcoin. This quarter, it reversed IBIT and added back about 24.9 million shares, a sharp increase of about 324% over the previous quarter, making it one of the biggest buyers of the quarter. Its current spot Bitcoin ETF exposure is approximately $9.9 billion, of which approximately $828 million is in IBIT. As an authorized participant and market maker, its end-of-quarter inventory is related to redemptions and hedging, and a large amount on spot is not equal to a directional bet. It is worth noting that 13F only reported a long spot volume at the end of the quarter. If options were added, the image of several institutions would also reverse. Global macro hedge fund Brevan Howard cut spot IBIT from 24.3 million shares to 7.21 million shares in the second quarter, reducing its holdings by about 70.4%. But it also holds a call option corresponding to approximately 7.23 million IBIT shares and a put option of 5.27 million shares. Graham Capital reduced its current IBIT from about 926,000 shares to 259,000 shares, reducing its holdings by about 72%, while holding down options corresponding to about 1.74 million IBIT shares, with a declared value of about $57.94 million. Multi-strategy giant Millennium reduced current IBIT from about 19.29 million shares to 9.69 million shares, reducing holdings by about...

3d ago22#Wall Street #Bitcoin

Data: Ethereum spot ETFs had a total net inflow of $308.512 million yesterday, and BlackRock's ETHA net inflow of $258.966 million was the top

According to SosoValue data, the total net inflow of Ethereum spot ETFs yesterday (August 17, EST) was US$308.512 million. The Ethereum spot ETF with the highest net inflow in a single day yesterday was Blackrock (Blackrock) ETF ETHA. The net inflow for a single day was US$258.966 million. Currently, the total net inflow of ETHA in history has reached US$11.659 billion. Next is Fidelity (Fidelity) ETF FETH, which has a net inflow of US$4.272,700 in a single day. Currently, the total historical net inflow of FETH has reached US$2,124 million. At the time of press release, the total net asset value of Ethereum spot ETFs was US$10.719 billion, the ETF net asset ratio (market capitalization compared to the total market value of Ethereum) reached 4.66%, and the cumulative historical net inflow had reached US$11.484 billion. This article is sponsored by GENG, Build Your Fortune on GENG (https://geng.one)

4d agoburnking

Morgan Stanley Q2 sharply increased its Circle holdings to 8.32 million shares and increased Bitcoin and Ethereum ETFs

Comparing news, Morgan Stanley's latest 13F filing with the US SEC shows that as of June 30, it held approximately 16.5 million shares of BlackRock IBIT, up 23% from 13.4 million shares in the first quarter. However, due to the fall in Bitcoin prices during the quarter, the market value of this position fell from US$667 million to US$549 million, a decrease of about 18%. In the same period, Morgan Stanley also held 2.57 million shares of MSBT worth about US$43.3 million, and increased its holdings of Grayscale Bitcoin Mini Trust, Bitwise Bitcoin ETF, and Fidelity FBTC, with FBTC holdings increasing by nearly 38%. On the Ethereum side, its ETHA holdings increased by about 202% to 4.6 million shares, and Grayscale Ethereum-staked Mini ETF holdings increased by about 26% to 5.1 million shares. In addition, Morgan Stanley has also opened new positions in the Grayscale Solana Staking ETF and the Fidelity Solana Fund, with market capitalization of approximately $4.25 million and $2.26 million, respectively. In terms of individual stocks, Circle (CRCL) held by Morgan Stanley increased sharply from about 1.46 million shares to 8.32 million shares, while increasing the holdings of mining companies and infrastructure companies such as Cipher Digital, Core Scientific, Hut 8, and Bitdeer; on the other hand, it reduced its holdings of Coinbase by about 550,000 shares, reduced its holdings of CleanSpark by more than 3.1 million shares, and cleared about 8 million Bitfarms shares.

8d ago

Fidelity applied to add a staking feature to its Ethereum ETF FETH, which can be staked up to 100% ETH

On August 11, Fidelity submitted a revised registration statement to the US SEC to apply for additional ETH staking functionality for its spot Ethereum ETF Fidelity Ethereum Fund (FETH). Under normal circumstances, FETH can stake up to 100% of the ETH it holds, but there is no minimum staking ratio. If approved by the SEC, FETH's investment goals will also change. Currently, the fund mainly tracks the Fidelity Ethereum Reference Rate and deducts related fees; after adding the pledge, the fund's goal will change to track the index and include the revenue generated by the pledge.

9d ago

Bybit Sues North Korean Hackers! In the $1.5 billion theft case, over 90% of the funds are difficult to recover

Source: Foresight News Author: Nicky Original title: Bybit sued the North Korean hacker group in the US court. Ninety percent of the funds may be difficult to recover. When approving the preliminary temporary restraining order, the court found that Bybit essentially “has a chance of winning the case.” On August 8, according to CoinDesk, Bybit has filed a civil lawsuit with the U.S. District Court for the District of Columbia against the Democratic People's Republic of Korea, its General Investigation Bureau, and Lazarus Group, which is identified as a North Korean-linked hacker organization. The group stole around $1.5 billion in crypto assets from Bybit in February 2025, one of the largest cryptocurrency thefts in history. In granting the preliminary interim restraining order, the court found that Bybit “had a chance of winning” the case in substance. In addition to filing a lawsuit, Bybit also successfully obtained an initial injunction to freeze some of the stolen assets held by a group of unidentified individuals and entities, and the defendants were listed as “John Doe” in the case. The ban requires the parties concerned not to transfer or sell the assets they hold in the case during the trial of the case. Bybit said it will continue to seek further redress from the courts and emphasized that the civil lawsuit is independent of ongoing criminal investigations by US law enforcement. On February 21, 2025, Lazarus Group manipulated the transaction interface when transferring funds from the Bybit cold wallet to the hot wallet by hacking the supply chain of the Safe multi-signature wallet, successfully controlling the multi-signature process, and transferred approximately 401,347 ETH, 90,375 stETH, 15,000 cMetH, and 8,000 metH to the hacker address, with a total value of about $1.46 billion at the time. The amount of stolen ETH accounted for about 0.42% of the total supply of Ethereum. At the time, the hacker once became the 14th largest holder of ETH in the world, surpassing Fidelity and Vitalik Buterin, the co-founder of Ethereum. The hackers' money laundering operations began quickly after the attack occurred. According to Spot On Chain monitoring, about 266,309 ETH were laundered within a week after the attack, accounting for 53.3% of the total amount stolen. It was mainly exchanged for BTC through THORChain, and an average of 48,420 ETH was laundered daily. In early March 2025, on-chain analyst Ember Tracking showed that the entire cleaning process took about 10 days, during which time the price of ETH fell by about 23%, and about 90.2% of the stolen funds had become untraceable. Hackers mainly used THORChain to launder money, and the platform received approximately $5.9 billion in transaction volume and approximately $5.5 million in commission revenue as a result. Up to now, Bybit, in collaboration with blockchain analysis companies, various exchanges and international law enforcement agencies, has recovered about 48.4 million US dollars of stolen assets and frozen about 30.5 million US dollars of assets involved in the case from more than 28 exchanges and custodians, totaling about 78.9 million US dollars, accounting for only about 5% of the total stolen assets. The Federal Bureau of Investigation confirmed the Lazarus Group as the perpetrator of the attack. Law enforcement agencies from many countries cooperated to carry out follow-up crackdowns. The German authorities destroyed the cryptocurrency exchange ExCH involved in the case, and the German and Swiss authorities jointly shut down the coin mixing platform CryptoMixer.io. Although law enforcement collaboration has achieved certain results, the vast majority of stolen funds have been removed from the scope of tracking through cross-chain bridges, coin mixers, and OTC transaction channels. The ban in the lawsuit documents is only effective for identifiable on-chain assets, and funds flowing into the hands of entities or individuals that have not cooperated with the administration of justice after coin mixing and cross-chain transformation are extremely difficult to recover. At the time of the theft, the price of ETH was about 2,730 US dollars. Currently, it is about $1920, a decrease of about 30%. Even if some assets are positioned in the future, their actual value has shrunk drastically. Source: SotameDialAzarus Group is a cyber threat actor cluster supported by the North Korean government. It belongs to the General Administration of Reconnaissance, and includes multiple subclusters such as UNC4736 (i.e. AppleJeus/Citrine Sleet) and TraderTraitor. According to Chainalysis statistics, North Korean hackers have cumulatively stolen cryptocurrencies through clusters such as Lazarus...

11d ago22#cryptocurrency theft #North Korean Hackers

BlackRock: Bitcoin's correlation with US stocks is weakening, and market sentiment is improving

Comparative news, according to The Block, Robert Mitchnick, head of digital assets at BlackRock, said that Bitcoin market sentiment has improved markedly but subtly in the past month, and the correlation between Bitcoin and US stocks is weakening. This is a healthy argument that Bitcoin is a tool for diversifying portfolios and hedging tail risks. He pointed out that Bitcoin's performance significantly outperformed when the AI sector pulled back sharply in July, which is a reflection of this decoupling. Despite Bitcoin falling nearly 30% during the year, down about 50% from a year ago, ETF investors continued to buy — the US spot Bitcoin ETF recorded an inflow of $853.5 million last week, the best weekly performance since mid-April. Among them, BlackRock IBIT contributed $693.7 million (accounting for more than 80%) and Fidelity FBTC contributed $116.4 million. Bloomberg analyst Eric Balchunas pointed out that after the Coldcard vulnerability came to light, many funds recorded daily net inflows, and “it's hard not to think of it as a causal relationship.”

11d ago

Data: Bitcoin spot ETFs have net inflows of $8.54 billion this week, BlackRock IBIT tops the list with net inflows of $694 million

According to SosoValue data, Bitcoin spot ETF had a net inflow of US$854 million on this week's trading day (August 3 to August 7, EST). The Bitcoin spot ETF with the highest net inflow this week was Blackrock (Blackrock) ETF IBIT, with a weekly net inflow of US$694 million. Currently, IBIT's total historical net inflow of US$61.17 billion is followed by Fidelity (Fidelity) ETF FBTC, which has a weekly net inflow of US$116 million. Currently, the total historical net inflow of FBTC has reached US$10.04 billion. The Bitcoin spot ETF with the highest net outflow this week is VanEck ETF HODL, which has a weekly net outflow of $53.4753 million. Currently, the total net inflow in HODL history has reached $1.09 billion. As of press time, the total net asset value of Bitcoin spot ETFs was $79.5 billion, the ETF net asset ratio (market capitalization compared to Bitcoin's total market capitalization) reached 6.1%, and the cumulative historical net inflow had reached $52.18 billion.

12d ago

Bloomberg Analyst Says Coldcard Hacking Incident May Signal a Turning Point for the BTC Market

According to Twitter, Bloomberg's senior ETF analyst Eric Balchunas posted an article on the X platform that Bitcoin spot ETF recently recorded the strongest capital inflow week since April this year, with a net weekly inflow of about 1 billion US dollars. It is the third best performance since the “Silent IPO” incident in October last year. BlackRock's Bitcoin ETF iShares Bitcoin Trust ETF (IBIT) and Fidelity Wise by Fidelity by Fidelity Wise Many products, such as Origin Bitcoin Fund (FBTC), have received capital inflows for several consecutive trading days since the Coldcard wallet incident occurred. Eric Balchunas added that although the causal relationship cannot be fully confirmed, the high correlation between the flow of funds and the timing of the incident is “difficult to ignore”, and it would be ironic if it were to finally prove that the Coldcard incident became the starting point for the next round of Bitcoin's upward market — because the attack on the Bitcoin cold storage wallet is generally regarded as one of the worst security incidents, but market sentiment may have changed as a result. The recent continued return of ETF funds indicates that institutional investors' demand for Bitcoin allocations is recovering, and the market is re-evaluating the impact of previous security incidents. This article is sponsored by GENG, Build Your Fortune on GENG (https://geng.one)

14d agoburnking