Daily News | SEC Approved Three XRP Futures ETFs, Trending Layer1 Token SUI Will Welcome Large Unlocking

Crypto Daily Digest: BTC ETF has inflows of over $3 billion in a single week, and SUI will unlock nearly $260 million in tokens this week

According to Farside Investors data, last week, the U.S. Bitcoin spot ETFs received a total inflow of $3.033 billion, with a total increase of 33,462 BTC. Among them, BlackRock IBIT increased its holdings by 15,380, and Fidelity FBTC increased its holdings by 6,412. Since February of this year, BTC ETFs have exhibited a consistent net outflow trend. Last week, the capital inflow reversed for the first time, and the market sentiment for the future is relatively optimistic.

Last week, the Ethereum spot ETF received an inflow of $205 million, with a total increase of 88,400 ETH. Among them, BlackRock ETHA increased its holdings by 35,000 ETH, and Grayscale ETH increased its holdings by 19,500 ETH. After nine consecutive weeks of net inflows, the ETH ETF achieved a large net inflow for the first time.

Opinion: Low Google Bitcoin search volume shows that the current market is not driven by retail investors

Hunter Horsley, CEO of Bitwise, posted on the X platform that the price of Bitcoin has reached $94,000, but the number of searches for “Bitcoin” on Google is close to a long-term low. Data shows that this round of BTC’s rise is not driven by retail investors. The types of investors who buy Bitcoin are becoming increasingly diversified, with institutions, investment consultants, companies and national entities entering the market.

In addition, according to Cointelegraph, the market cap of stablecoins increased by $4.58 billion in just one week, approaching the $240 billion milestone. Head stablecoins such as USDT and USDC continue to drive market growth.

The US SEC has approved three XRP futures ETFs from ProShares Trust

Previously, the US SEC approved ProShares Trust’s XRP ETF, which is a series of three futures ETFs: ProShares UltraShort XRP ETF, ProShares Ultra XRP ETF and ProShares Short XRP ETF, which will provide investors with a way to gain exposure to XRP returns without directly holding XRP tokens.

The ProShares Ultra XRP ETF will provide twice the return of XRP futures prices, the ProShares UltraShort XRP ETF will provide twice the inverse return of XRP futures prices, and the ProShares Short XRP ETF will provide the inverse return of XRP futures prices. These three futures ETFs are scheduled to be officially listed and traded on April 30, 2025.

This week’s unlocking data summary: SUI will unlock tokens worth $259 million

According to Token Unlocks data, this week, tokens such as SUI, OP, and ZETA will have a one-time large-scale unlocking, including:

Sui (SUI) will unlock 74 million tokens at 8:00 on May 1, worth approximately $259 million, accounting for 2.28% of the circulation;

Optimism (OP) will unlock 31.34 million tokens at 8:00 on April 30, worth approximately $24.32 million, accounting for 1.89% of the circulation;

ZetaChain (ZETA) will unlock 44.26 million tokens at 8:00 on May 1, worth approximately $11.1 million, accounting for 5.67% of the circulation;

Ethena (ENA) will unlock 40.63 million tokens at 15:00 on May 2, worth approximately $13.98 million, accounting for 0.73% of the circulation.

Market Trends: PENGU has risen by more than 300% this month, and BTC is still suitable for fixed investment

Market Hotspots

Meme coin PENGU has been rising for several consecutive days, with a maximum increase of more than 300% from the low point at the beginning of the month, becoming one of the best performing meme coins in recent times; PENGU is the airdrop token of the well-known NFT project Pudgy Penguins, with a current circulation market cap of $780 million, ranking 84th in the entire market; the tokens issued by the NFT project itself have no other token utility and consumption scenarios except airdrops, and it is almost impossible to get out of the positive spiral upward trend. The future of PENGU remains to be seen;

The token of the BNB Chain on-chain tool Bubblemaps project, BMT, surged more than 50% in the day, and then narrowed its gains to 20%; BMT’s current circulating market cap is only $37 million, ranking 604th in the entire market; BMT was launched in late March, and its current price has fallen by more than 60% from its historical high.

Mainstream Coins

BTC has entered the adjustment range. Last week, the BTC ETF experienced a weekly inflow of over $3 billion, and market sentiment remains optimistic. Today’s AHR999 index is 0.91, indicating that the current price is suitable for long-term investors to invest;

ETH fell slightly following the market. Although ETH rose by more than $500 from its low point at the beginning of the month, the downward trend of ETH/BTC has not reversed;

Altcoins generally pulled back. Today’s market failed to form a sector-wide rise. TRUMP and MELANIA both fell back.

Macro News: US stocks rebounded strongly, focus on non-farm payroll this Friday

Last week, as Trump’s speech eased investors’ concerns about the escalation of the Sino-US trade war and the damage to the independence of the Federal Reserve, US stocks rebounded strongly. The S&P 500 index rose 4.5% for the week, the Dow Jones Industrial Average rose 2.5%, and the Nasdaq Composite Index, which is dominated by technology stocks, performed exceptionally well, climbing 6.6%.

After the major stock indexes have basically recovered the losses before the tariff announcement on April 2, the market will usher in a week of intensive release of economic data and corporate earnings reports. The U.S. ADP employment in April and the U.S. core PCE price index in March will be released on April 30 Beijing time; the U.S. non-farm payrolls and unemployment rate in April will be released on May 2.