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 inflow of $258 million yesterday (February 24, Eastern Time).
The Bitcoin spot ETF with the largest single-day net inflow yesterday was the Fidelity ETF FBTC, with a single-day net inflow of $82.8138 million. The current total historical net inflow of FBTC is $11.017 billion.
The second largest inflow was into the BlackRock ETF IBIT, with a net inflow of $78.935 million in a single day. IBIT's total historical net inflow has reached $61.265 billion.
As of press time, the total net asset value of Bitcoin spot ETFs was $81.302 billion, with an ETF net asset ratio (market capitalization as a percentage of Bitcoin's total market capitalization) of 6.31%, and a cumulative net inflow of $54.067 billion.
According to SoSoValue data, the Ethereum spot ETF saw a total net inflow of $9.2271 million yesterday (February 24, Eastern Time).
The Ethereum spot ETF with the largest single-day net inflow yesterday was the Grayscale Ethereum Mini Trust ETF (ETH), with a single-day net inflow of $11.0795 million. The current total historical net inflow of ETH is $1.713 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 $1.8524 million. The current total historical net inflow of FETH is $2.462 billion.
As of press time, the total net asset value of the Ethereum spot ETF was $10.474 billion, with an ETF net asset ratio (market capitalization as a percentage of Ethereum's total market capitalization) of 4.67%, and a cumulative net inflow of $11.484 billion.
BTC Directional Data
According to CoinFound data, 200 listed companies currently hold a total of 1,207,063 BTC, accounting for 6.06% of the total Bitcoin supply. Among them, Strategy Inc (MSTR) holds 717,722 BTC, accounting for 59.46% of the total holdings of listed companies.
Stablecoin data
According to CoinFound data:
- USDT market capitalization: US$195.55 billion
- USDC market capitalization: $76.08 billion
- EURC's market capitalization: $12.29 billion
- USDS market capitalization: $11.58 billion
- USDe's market capitalization: $6.18 billion
- PYUSD market capitalization: $4.12 billion
- USD1 market capitalization: $4.7 billion
Market Dynamics:
- Trump's Peace Commission plans to pilot a dollar stablecoin in Gaza.
- USDC issuer Circle (NYSE: CRCL) released its 2025 financial report today.
- The Trump-backed stablecoin USD1 recovered quickly after being attacked.
- Stablecoin payment company RedotPay plans to raise over $1 billion in a US IPO.
- Circle joins the Agentic AI Foundation.
Summarize:
The stablecoin market has remained relatively stable, but its growth momentum has slowed, reflecting the broader impact of declining risk appetite and tightening liquidity in the crypto market. Regulatory factors are a key driver, with the White House's push for compromises on stablecoin yields potentially accelerating the legislative process. In the short term, the market may face some liquidity pressures before potentially recovering.
RWA Directional Data
According to CoinFound data:
- Market capitalization of commodities: $7.04 billion
- Market value of government bonds: US$1.61 billion
- Market capitalization of institutional funds: US$2.5 billion
- Market capitalization of private lending: $31.07 billion
- US Treasury bond market capitalization: $10.86 billion
- Market value of corporate bonds: US$1.62 billion
- Market capitalization of tokenized stocks: $1.72 billion
Market Dynamics:
- Binance announced the official listing of Ondo Finance's tokenized stocks, funds, and commodities on its Binance Alpha platform.
- Kraken's tokenized stocks (xStocks) have seen trading volume exceeding $25 billion.
- China is defining compliant pathways for offshore asset tokenization (RWA) financing through channels such as Hong Kong.
- HashKey Group launches a one-stop RWA distribution solution to fully support Hong Kong in becoming a global RWA innovation hub.
- Meta plans to relaunch its stablecoin business in the second half of 2026.
Summarize:
The RWA market as a whole has remained stable and resilient, exhibiting defensive characteristics against the backdrop of cryptocurrency market volatility. Instead of experiencing dramatic fluctuations, the market has continued to attract institutional inflows, providing real yield and on-chain utility.
