SoSo Daily Nov 5 | BTC spot ETF total net outflow was $541.07M yesterday, with the net asset ratio reaching 5.06%.

According to the latest data from sosovalue, there are no notable currency updates at this time. Please check back later for more information.

After reviewing the overall crypto market situation, let's shift our focus to the top 5 token gainers of the day:
As of 05:50 UTC0 time, according to sosovalue, the top five token gainers are:
Top 1 gainer is Vela Token. As of today, its market cap is 1.68M, with a coin price of 0.09039 USD, witnessing a 24-hour increase of 275%.
The second is TROY. As of today, its market cap is 43.38M, with a coin price of 0.0043380 USD, witnessing a 24-hour increase of 76.7%.
The third is BarnBridge. As of today, its market cap is 20.90M, with a coin price of 2.1520 USD, showing a 24-hour increase of 44.4%.
In fourth place is Avive. As of today, its market cap is 44.00K, its coin price is 0.00044000 USD, with a 24-hour rise of 43.8%.
In fifth place is DinoLFG. As of today, its market cap is 3.22M, its coin price is 0.010278 USD, increasing by 38.9% over the last 24 hours.


Moving on, let's take a look at the sector performance in the crypto market.
According to sosovalue, out of 16 sectors, 7 are up and 9 are down. Notably, Meme and SocialFi sectors are worth mentioning.
Meme sector has risen 5.43% relative to the UTC 0 time, led by gains in dino (38%), act (21%), and volt (14.5%).
SocialFi sector has decreased -4.01% relative to UTC 0, with pts (-10.4%), push (-9.39%), and ton (-5.05%) leading the drop.

Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:

According to SoSoValue, as of November 4th (Eastern Time), Bitcoin spot ETFs experienced a total net outflow of $541.07M.

Yesterday, Grayscale's ETF GBTC had a net outflow of $63.66M, bringing GBTC's total historical net outflow to $20.23B.

Grayscale Bitcoin Mini Trust ETF $BTC had a net outflow of $ 89.49M，bringing Grayscale Bitcoin Mini Trust ETF $BTC's total historical net inflow to $412.58M.

The Bitcoin spot ETF with the highest net inflow for the day was BlackRock's ETF IBIT, with a daily net inflow of $38.42M, with IBIT's total historical net inflow reaching $26.17B.

As of this writing, the total net asset value of Bitcoin spot ETFs stands at $67.44B, with the ETF net asset ratio (the market value relative to the total market value of Bitcoin) reaching 5.06%. The historical cumulative net inflow has reached $23.61B.

Source: https://sosovalue.com/assets/etf

Next news:Anchorage Digital, Bullish, Galaxy Digital, Kraken, Nuvei, Paxos, and Robinhood have partnered to introduce the Global Dollar Network, aiming to accelerate stablecoin adoption worldwide and incentivize new use cases for the stablecoin USDG. Paxos will issue USDG out of Singapore in compliance with the nation's Monetary Authority. Qualified entities can join the Global Dollar Network via invite. DBS Bank will custody USDG reserves, and the token is available on Ethereum with plans for issuance on other blockchains.
Next news:According to Arkham data, approximately 40 minutes ago, the Mt.Gox wallet address transferred 32,371 $BTC to an unknown wallet (starting with 1FG2Cv), worth 2.19 billion USD. Currently, Mt.Gox holds 44,378 $BTC, valued at 3 billion USD.
Next news:Semler Scientific added 47 Bitcoin to its holdings, bringing the total stack to 1,058 BTC. The company released its third-quarter results on Monday afternoon.
Next news:According to Wu's report, CloverPool (formerly BTC.com) data shows that the Bitcoin mining difficulty experienced an adjustment at block height 868,896 (today at 6:28:08), increasing by 6.24% to 101.65 trillion, setting a new historical high. Currently, the average network hash rate over the past seven days is 722.68 EH/s.
Next news:According to CCTV News, just after midnight Eastern Time on November 5th, voters in the small town of Dixville Notch, New Hampshire, were the first to begin voting, marking the official start of the 60th United States presidential election voting.
Next news:According to Bitget market data, Bitcoin has dropped below 68,000 USDT, currently priced at 67,998.68 USDT, with a daily decline of 1.10%.
Next news:The largest address betting on Trump's victory on Polymarket has increased its position by $2.35 million in the past 6 hours.
Next news:Nvidia has discussed participating in the latest funding round for xAI, a company under Elon Musk. Existing investors in xAI, including Sequoia Capital, Andreessen Horowitz, and Vy Capital, as well as potential investor MGX (a wealth fund supported by Abu Dhabi), have also been negotiating investments in xAI, which is valued at approximately 45 billion dollars.
Next news:The on-chain identity project Phi has completed its strategic round of financing, led by Neoclassic Capital, with participation from Decima Fund, Cyber, PAKA Fund, and Incubate Fund. The specific amount of financing has not been disclosed.

Okay that's all for today. Thank you for tuning in, and we hope you found it helpful. Visit sosovalue.com, our one-stop financial research platform for crypto investors, to stay abreast of the latest market trends and key information. Until next time, goodbye.