SoSo Daily Nov 20 | Bitcoin spot ETF options trading has been launched, with IBIT being the first to introduce it.

According to sosovalue, the price of $BTC is 94,025 USD, an increase of 1.26% from yesterday. The market cap of $BTC is 1.86 trillion USD, accounting for 57.4% of the total market cap; $BTC's 24-hour trading volume is 91.45 billion USD, making up 38.4% of the total trading volume.
The price of $ETH is 3,070 USD, down 1.52% from yesterday; the market cap of $ETH is 369.71 billion USD, representing 11.4% of the total market cap; $ETH's 24-hour trading volume is 31.22 billion USD, comprising 13.1% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 68.8% of the total cryptocurrency market cap, and their combined trading volumes constitute 51.5% 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 12:00 Hong Kong time, according to sosovalue, the top five gainers are:
Top 1 gainer is DigiByte. As of 17:50 today, its market cap is 225.88M, with a coin price of 0.013000 USD, witnessing a 24-hour increase of 51.9%.
The second is BarnBridge. As of 17:50 today, its coin price is 2.1520 USD, with a 24-hour increase of 44.4%.
The third is Open Loot. As of 17:50 today, its coin price is 0.13399 USD, showing a 24-hour increase of 39.7%.
In fourth place is AllianceBlock Nexera. As of 17:50 today, its coin price is 0.038420 USD, with a 24-hour rise of 35.4%.
In fifth place is Clover Finance. As of 17:50 today, its coin price is 0.10156 USD, increasing by 35% over the last 24 hours.


Moving on, let's take a look at the sector performance in crypto market.
According to sosovalue, out of 16 sectors, 1 is up and 15 are down. Notably, GameFi, RWA, and Meme sectors are worth mentioning.
GameFi sector has fallen by 6.1% relative to the UTC 0 time, led by declines in 1 cat (-17.2%), kap (-15.6%), and rbtc (-15.3%).
RWA sector has decreased by 6.15% relative to UTC 0, with boson (-19.1%), token (-12.1%), and om (-11.2%) leading the drop.
Meme sector has fallen by 8.21%, with ELIZA (-50.1%), ai16z (-48.3%), and gnon (-40.1%) leading the decline.

Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:The trading of Bitcoin spot ETF options has officially launched, with BlackRock's iShares Bitcoin Trust (IBIT) being the first to roll out. Following the U.S. Securities and Exchange Commission's approval of 11 Bitcoin ETFs, companies are actively seeking to list and trade options for their spot Bitcoin funds. IBIT is the first Bitcoin ETF to receive options approval, with assets under management nearing $45 billion. Options and derivatives provide liquidity and price discovery for large institutions, typically used for hedging trades, while retail investors use them for speculation. Market analysts believe that options trading will reduce Bitcoin's volatility. Grayscale has also quickly submitted an updated prospectus for its Bitcoin covered call ETF.
Next news:According to CryptoNews, Swiss company 21Shares announced the introduction of Ethereum staking functionality in its Ethereum Core exchange-traded product (ETP), renaming the product to Ethereum Core Staking ETP, with a management fee of only 0.21%, one of the lowest in the market. The ETP has been listed on the SIX Swiss Exchange, Deutsche Börse Xetra, and Euronext Amsterdam, providing staking options for European investors. According to data from Staking Rewards, the current average staking yield for Ethereum is 3.17%.
Next news:

According to SoSoValue, as of November 19th (Eastern Time), Bitcoin spot ETFs experienced a total net inflow of $837.36M.

Yesterday, Grayscale's ETF GBTC had a net inflow of $16.19M, bringing GBTC's total historical net outflow to $20.25B.

Grayscale Bitcoin Mini Trust ETF $BTC had a net inflow of $ 13.14M，bringing Grayscale Bitcoin Mini Trust ETF $BTC's total historical net inflow to $661.55M.

The Bitcoin spot ETF with the highest net inflow for the day was Ark Invest and 21Shares's ETF ARKB, with a daily net inflow of $267.34M, with ARKB's total historical net inflow reaching $2.73B.

Following that, Fidelity's ETF FBTC had a daily net inflow of $256.15M, with FBTC's total historical net inflow reaching $11.08B.

As of this writing, the total net asset value of Bitcoin spot ETFs stands at $98.43B, with the ETF net asset ratio (the market value relative to the total market value of Bitcoin) reaching 5.38%. The historical cumulative net inflow has reached $28.55B.

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

Next news:MicroStrategy will sell $2.60 billion worth of notes and use the proceeds to purchase Bitcoin.
Next news:MicroStrategy has increased its debt offering to $2.6 billion, which has contributed to its significant growth in market capitalization. The company's stock has surged over 500% year-to-date, bringing its market cap close to $100 billion. This growth has allowed MicroStrategy to break into the top 100 U.S. public companies by market cap.
Next news:

PANews, November 20 news, according to Arkham monitoring, in the past 12 minutes, Grayscale transferred 8,409 $ETH (approximately 26.42 million USD) to a Coinbase Prime address and 1,602 $ETH (approximately 503 thousand USD) to an unmarked address. In addition, Grayscale also transferred 1,546.51 $BTC (approximately 146 million USD) to 2 unmarked addresses.

PANews, November 20 news, according to Arkham monitoring, in the past 12 minutes, Grayscale transferred 8,409 $ETH (approximately 26.42 million USD) to a Coinbase Prime address and 1,602 $ETH (approximately 503 thousand USD) to an unmarked address. In addition, Grayscale also transferred 1,546.51 $BTC (approximately 146 million USD) to 2 unmarked addresses.

Next news:MicroStrategy has increased its convertible senior note offering to $2.6 billion, up from $1.75 billion, to acquire more bitcoin and for general corporate purposes. The notes, due 2029, will be issued to qualified institutional investors and are convertible into cash or stock. The offering is expected to close on Nov. 21, with an option for initial purchasers to buy an additional $400 million in notes. The proceeds could reach $2.97 billion if the option is exercised. MicroStrategy continues to use debt financing to expand its bitcoin holdings, having recently acquired 51,780 $BTC for $4.6 billion. The company now holds 331,200 $BTC, valued at $29.7 billion, purchased at an average price of $49,874 per bitcoin. MicroStrategy's share price has risen significantly, reflecting investor confidence in its strategy.
Next news:

Foresight News reports that, according to monitoring by The Data Nerd, 5 hours ago, a certain whale withdrew 69.30 billion BONK (approximately 3.70 million USD) from Binance and then transferred it to a wallet. This wallet has accumulated deposits of 610.95 billion BONK over the past month, amounting to approximately 34.13 million USD.

Foresight News reports that, according to monitoring by The Data Nerd, 5 hours ago, a certain whale withdrew 69.30 billion BONK (approximately 3.70 million USD) from Binance and then transferred it to a wallet. This wallet has accumulated deposits of 610.95 billion BONK over the past month, amounting to approximately 34.13 million USD.

Next news:

According to Foresight News, Canadian investment fund SOL Global Investments has announced that it has reached an agreement with Canaccord Genuity Corp. and Clarus Securities Inc. as co-lead underwriters and co-bookrunners, representing a group of underwriters. Under this agreement, the underwriters will issue up to 18 million shares of the company at an offering price of $0.20 per share on a "best efforts" agency basis; this issuance will raise a maximum total of $3.60 million for the company. The company plans to use the net proceeds from the issuance to purchase Solana tokens through cryptocurrency exchanges at current market prices. Additionally, the company has made it clear that the Solana tokens acquired from the net proceeds of the issuance will not be used as collateral for any current or future secured debt of the company.

Next news:Bitcoin breaks above 94,000 USDT, setting a new all-time high.

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.