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

Let's turn our attention to today's overall Crypto market situation.
As of 11:59 AM UTC0 time on November 5, 2024, according to sosovalue, the total market cap of the crypto market stands at 2.40 trillion US dollars, witnessing a decrease of 1.59% compared to yesterday; the total trading volume is 109.12 billion US dollars, marking an increase of 13.9% from the previous day.

According to sosovalue, the price of $BTC is 68,814 USD, an increase of 0.0309% from yesterday. The market cap of $BTC is 1.36 trillion USD, accounting for 56.8% of the total market cap; $BTC's 24-hour trading volume is 45.86 billion USD, making up 42% of the total trading volume.
The price of $ETH is 2,441.1 USD, down 1.18% from yesterday; the market cap of $ETH is 293.94 billion USD, representing 12.3% of the total market cap; $ETH's 24-hour trading volume is 18.25 billion USD, comprising 16.7% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 69.1% of the total cryptocurrency market cap, and their combined trading volumes constitute 58.7% of the total trading volume.

After reviewing the overall crypto market situation, let's shift our focus to the top 5 token gainers of the day:
As of 11:50 UTC0 time, according to sosovalue, the top five token gainers are:
Top 1 gainer is Vela Token. As of 11:50 today, its market cap is 1.26M, with a coin price of 0.06767 USD, witnessing a 24-hour increase of 183%.
The second is Ternoa. As of 11:50 today, its market cap is 4.64M, with a coin price of 0.0027410 USD, witnessing a 24-hour increase of 51.5%.
The third is BarnBridge. As of 11:50 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 Prosper. As of 11:50 today, its market cap is 19.14M, its coin price is 0.55300 USD, with a 24-hour rise of 35.9%.
In fifth place is X Empire. As of 11:50 today, its market cap is 0E-8, its coin price is 0.000048140 USD, increasing by 33.6% 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, 5 are up and 11 are down. Notably, Meme and SocialFi sectors are worth mentioning.
Meme sector has risen 5.06% relative to the UTC 0 time, led by gains in DINO (29.9%), MICHI (15%), and VOLT (13.7%).
SocialFi sector has decreased -3.83% relative to UTC 0, with DESO (-12%), MOON (-5.8%), and SNT (-4.77%) 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: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:Lawyers representing Binance and former CEO Changpeng “CZ” Zhao have filed a motion to dismiss the Securities and Exchange Commission (SEC) lawsuit against them.
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 Foresight News, as reported by Jinshi, the voting for the U.S. election officially began at 13:00 Beijing time on November 5. Analyst Justin Low from the financial website Forexlive pointed out that the first exit poll for the U.S. election will conclude at 07:00 Beijing time on the 6th, and the final exit poll will end at 14:00 Beijing time on the 6th. Attention can be paid to the exit polls to gain early insight into the U.S. election results.
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 Foresight News, the modular computing layer and RaaS platform Lumoz has announced the opening of the esMOZ airdrop inquiry and published specific rules for the airdrop. The airdrop claim will take place after the mainnet launch. The total amount of the airdrop accounts for approximately 10%, with a calculated value of 30 million USD based on the latest valuation. The airdrop target audience includes early participants of Lumoz, node holders, users of the Lumoz ecosystem, as well as the $ETH and L2 communities.
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:US exchange-traded funds investing in Bitcoin recorded their highest daily net outflow to date as markets brace for Election Day. The group of 12 funds managed by the likes of BlackRock Inc. and Fidelity Investments shed $579.5 million on Monday, according to data compiled by Bloomberg.
Next news:The battle between both sides in the U.S. election remains tight, with both parties having leads of less than 2 percentage points in the seven swing states, and even a tie in Pennsylvania. Polls show that Harris has a national support rate of 48.4%, while Trump has 47.2%; in Pennsylvania, both have a support rate of 48.2%. In other swing states, Trump's advantage ranges from 0.6% to 1.6%, while Harris leads by 1.1% to 1.6% in Wisconsin and Michigan.

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.