Market Update aims to provide readers with the latest market reports and key digital asset data.

Article author and source: 0xArthur, ME News

ETF Directional Data

According to SoSoValue data, Bitcoin spot ETFs saw a total net outflow of $272 million yesterday (February 3rd, Eastern Time).

The Bitcoin spot ETF with the largest single-day net inflow yesterday was BlackRock ETF IBIT, with a net inflow of $60.0264 million. IBIT's total historical net inflow has now reached $62.158 billion.

The Bitcoin spot ETF with the largest single-day net outflow yesterday was the Fidelity ETF FBTC, with a net outflow of $149 million. The total historical net inflow for FBTC is currently $11.278 billion.

As of press time, the total net asset value of Bitcoin spot ETFs was $97.008 billion, with an ETF net asset ratio (market capitalization as a percentage of Bitcoin's total market capitalization) of 6.35%, and a cumulative net inflow of $55.297 billion.

According to SoSoValue data, the Ethereum spot ETF saw a total net inflow of $14.0551 million yesterday (February 3rd, Eastern Time).

The Ethereum spot ETF with the largest single-day net inflow yesterday was the BlackRock ETF ETHA, with a single-day net inflow of $42.8535 million. The total historical net inflow of ETHA has now reached $12.203 billion.

The second largest inflow was into Grayscale's Ethereum Mini Trust ETF (ETH), with a net inflow of $19.115 million in a single day. The total historical net inflow into ETH has now reached $1.646 billion.

The Ethereum spot ETF with the largest single-day net outflow yesterday was the Fidelity ETF FETH, with a single-day net outflow of $54.835 million. The current total historical net inflow for FETH is $2.586 billion.

As of press time, the Ethereum spot ETF has a total net asset value of $13.388 billion, an ETF net asset ratio (market capitalization as a percentage of Ethereum's total market capitalization) of 4.82%, and a historical cumulative net inflow of $11.986 billion.

BTC Directional Data

According to CoinFound data, 195 listed companies currently hold a total of 1,205,412 BTC, accounting for 6.06% of the total Bitcoin supply. Among them, Strategy Inc (MSTR) holds 713,502 BTC, accounting for 59.19% of the total holdings of listed companies.

Stablecoin data

According to CoinFound data:

• USDT market capitalization: US$198.57 billion
• USDC market capitalization: $71.16 billion
• Market capitalization of M: $17.11 billion
• USDS market capitalization: $10.99 billion
• USDe's market capitalization: $6.49 billion
• PYUSD market capitalization: $3.36 billion
• USD1 market capitalization: $5.09 billion

Market Dynamics:

• Crypto industry and banking representatives failed to reach an agreement on stablecoin yields under the Clarity Act.
• South Korean bank KBank has filed a trademark application for a stablecoin wallet, accelerating its expansion into the digital asset business ahead of its IPO.
• New York Attorney General (NYAG) vehemently criticizes the GENIUS Act.
• S&P Global: European banks are accelerating the development of euro stablecoins.

Summarize:

• The stablecoin market is currently in a critical window of regulatory maneuvering and institutionalization. Affected by US macroeconomic uncertainties and regulatory focus, market sentiment is cautious in the short term, and market capitalization is fluctuating slightly.

RWA Directional Data

According to CoinFound data:

• Market capitalization of commodities: $6.45 billion
• Market value of government bonds: $1.47 billion
• Market capitalization of institutional funds: US$2.6 billion
• Private lending market capitalization: $36.94 billion
• US Treasury bond market value: $10.35 billion
• Market value of corporate bonds: US$1.62 billion
• Market capitalization of tokenized stocks: $1.71 billion

Market Dynamics:

• The stalemate over the Clarity Act directly threatens the RWA revenue model.
• Tokenized gold saw a surge in liquidity after the price of gold broke through $5,000.
• Chainlink (LINK) continues to see increased holdings in spot ETFs.
• Ondo has filed a registration statement with the SEC, providing issuer-level disclosures that comply with SEC standards.

Summarize:

• The RWA market maintained steady growth from February 3rd to 4th, exhibiting counter-cyclical risk aversion characteristics. Amidst sharp fluctuations in broader markets (such as Bitcoin and crypto stocks) and tests of key support levels, the RWA sector, with its underlying real asset value, became a safe haven for institutional funds.