ChainCatcher news, in the first few hours of the East Asian trading day, ETH fell over 7.5% to above $3100, possibly due to ongoing market concerns about significant outflows from Grayscale's ETHE.It is noteworthy that the price movement of ETH is closely related to Nvidia's stock, which dropped over 6% today. For most of this year, cryptocurrency prices have been closely correlated with the stock performance of the company.

ChainCatcher news, according to Farside Investors monitoring, the data from the US spot Bitcoin ETF yesterday (July 23) showed that BITB had a net outflow of $70.3 million; ARKB had a net outflow of $52.3 million; EZBC had no inflows or outflows.

ChainCatcher news, Hashkey Capital Liquid Fund partner Jupiter Zheng stated that the outflow of funds from the Grayscale Ethereum Trust may put pressure on the ETH price after today's ETF launch, and it may also suppress market sentiment in the short term. However, similar to the Bitcoin ETF, investors may shift their funds to lower-cost options.

ChainCatcher news, according to Decenter, approximately $600 million flowed out of virtual asset funds last week, marking the highest weekly outflow since March.Experts analyze that the lack of interest from institutional investors in virtual assets has led to the outflow of funds.

ChainCatcher news, according to CryptoSlate's chief analyst James Van Straten, the exchange Kraken has recently experienced a significant outflow of funds, with Bitcoin trading reaching $1.6 billion.According to Arkham's data, this movement was executed through five transactions from Kraken's deposits to external addresses: three transactions of 6,000 BTC and two transactions of 5,000 BTC. The total Bitcoin transferred amounts to approximately 28,000 coins, which are currently held in the address "bc1q".

ChainCatcher news, according to CoinDesk, TradingView data shows that BTC fell more than 8% on Tuesday, marking the largest single-day drop since November 9, 2022. On that day, BTC plummeted over 14% due to the FTX collapse.The latest market data shows that BTC briefly fell below $61,000, having retreated 17% from its recent all-time high of over $73,500. The CoinDesk 20 index dropped 16% during the same period.Trader and economist Alex Kruger stated that the recent price drop of BTC was catalyzed by several factors, including outflows from spot ETF funds. Kruger posted on the X platform, stating: "The reasons for the collapse, in order of importance: 1. Excessive leverage; 2. Ethereum driving the market down (the market believes its spot ETF has a low probability); 3. Negative inflows for Bitcoin ETF (T+1); 4. Frenzy of junk coins on Solana."

ChainCatcher news, according to BitMEX Research data, Grayscale GBTC experienced an outflow of approximately $188 million on the 14th trading day.

ChainCatcher news, according to data monitoring by BitMEX Research, Grayscale GBTC experienced a capital outflow of approximately $220 million on the 13th trading day.

ChainCatcher news, according to data monitoring by BitMEX Research, Grayscale GBTC experienced a capital outflow of approximately $192 million on the 12th trading day.Bloomberg analyst James Seyffart confirmed this data and emphasized that the capital outflow from Grayscale GBTC continues to slow down.

ChainCatcher news, Bloomberg ETF analyst James Seyffart posted on X that on the 9th day of spot Bitcoin ETF trading, GBTC saw an outflow of $429 million.

ChainCatcher news, Bloomberg ETF analyst James Seyffart tweeted that GBTC saw a single-day outflow of over $640 million, marking the largest single-day outflow for GBTC to date, with a total outflow of $3.45 billion so far.

ChainCatcher news, according to a report by CoinShares, the total net outflow of funds from digital asset investment products last week was $9.1 million, marking the sixth consecutive week of net outflows. This week, Bitcoin investment products saw a net outflow of $5.9 million, Ethereum investment products had a net outflow of $2.2 million, and short Bitcoin investment products experienced a net outflow of $2.8 million.Additionally, last week, the European region saw a net inflow of $16 million, while the United States experienced a net outflow of $14.1 million.

ChainCatcher news, according to a report by CoinShares, last week saw a net outflow of $5.1 million from digital asset investment products, marking the ninth consecutive week of net outflows, with a total outflow amounting to $423 million.Among them, Bitcoin investment products experienced a net outflow of $500,000, while Ethereum investment products saw an outflow of $5 million. Blockchain concept stocks experienced the largest capital outflow since the collapse of FTX, totaling $12.3 million. (source link)

According to ChainCatcher's message and analysis from Glassnode, due to market participants massively redeeming their tokens after the LUNA crash, the overall supply of stablecoins has been experiencing significant outflows, with a peak outflow of 8.6 billion dollars within a month.However, when examining the monthly supply changes from a higher time frame, it can be seen that the outflows of stablecoins have started to decrease, which seems to indicate a rebound in demand for stablecoins, and capital is beginning to flow back into the digital asset market. (source link)

ChainCatcher news, according to a Forbes investigation, Binance has experienced a significant outflow of assets over the past two months. Forbes analysts compiled data from multiple data analysis platforms and conducted an in-depth study of Binance's wallets, discovering that the exchange has seen approximately $12 billion in outflows since last November.At the beginning of December last year, Binance CEO Changpeng Zhao assured customers that withdrawal amounts were not even among the top five at the exchange, so there was no need for concern. However, in reality, Binance has lost 15% of its assets since then. Since last November, the balance of Binance's native token BNB has halved, and the amount of the BUSD stablecoin has decreased by 40%. Forbes pointed out that the exchange's MATIC, APE, and GALA balances have also dropped by 40% to 50%. (Forbes)

ChainCatcher news, according to the "Centralized Institution Asset Ranking Special Page" of OKLink, the current total assets of Binance exchange are approximately $53.22 billion, with a net outflow of over $1.855 billion in the last 24 hours. The top three outflows are USDT ($634 million), BUSD ($522 million), and BTC ($302 million). (Source link)

ChainCatcher news, FTX founder SBF stated in an interview with Laura Shin that the current cryptocurrency market is in a wait-and-see period, with no sustained capital outflows, and no further catastrophic events have occurred following the Terra and Three Arrows Capital incidents, making the overall situation relatively stable.SBF pointed out that the event most likely to have a significant impact on the market in the future is the clarification of industry regulatory frameworks, especially in the United States. This will provide industry participants with a clear development path while ensuring that customers are adequately protected. He believes this can be achieved in the near future. (Source link)