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#GateRedBullRacingTour# - 📢 Gate releases its latest Reserve Audit Report!
💰 Total reserves: $10.453B
🟢 Excess reserves: $1.96B — ensuring full coverage and extra security for user assets.
Gate continues to uphold 100% proof-of-reserves and full transparency.
🔗 Read the full report: https://www.gate.com/zh/announcements/article/45617
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- #Gate Latest Proof of Reserves Reaches 10.453 Billion Dollars#
Gate has released its latest Proof of Reserves report! As of June 2025, the total value of Gate’s reserves stands at $10.453 billion, covering over 350 types of user assets, with a total reserve ratio of 123.09% and an excess reserve of $1.96 billion.
Currently, BTC, ETH, and USDT are backed by more than 100% reserves. The BTC customer balance is 17,022.60, and Gate’s BTC balance is 23,611.00, with an excess reserve ratio of 38.70%.The ETH customer balance is 386,645.00, and Gate’s ETH balance is 437,127.00, with an excess reserve
BlackRock’s IBIT Leads Spot Ethereum ETFs To Highest Net Daily Inflows Since February
The spot Ethereum ETF (exchange-traded fund) belonging to asset management giant BlackRock led the US funds to their highest net daily inflows since February yesterday.
BlackRock’s IBIT saw $163.6 million enter its reserves during yesterday’s trading session, as the funds collectively recorded $240.3 million inflows on the day. This is the highest net daily inflows recorded by the ETH funds since Feb. 4, according to data from Farside Investors.
Spot Ethereum ETFs Continue Impressive Inflow Streak
Yesterday’s net daily inflows is not only the highest since February, it is also a continuation of the funds’ impressive streak. Since May 16, the US spot ETH ETFs have posted net daily inflows. The only exception is May 26, which is Memorial Day in the US
BlackRock’s IBIT, which continued to dominate during that period, was not the only fund to record net daily inflows on June 11. Fidelity’s FETH also posted $37.3 million inflows yesterday, while Bitwise’s ETHW, Grayscale’s ETHE and Grayscale’s ETH recorded net inflows of $6.5 million, $13.3 million and $19.6 million yesterday, respectively.
Overall, the funds have recorded $3.763 billion cumulative inflows since their launch last year.
Institutions Not The Only Ones Buying Ethereum
Along with strong inflows yesterday, a crypto whale opened a 25x leverage position on the leading altcoin on June 10
According to market observer Ted Pillows, the whale’s position is around $11 million, signaling confidence that ETH’s price will begin to rise
Ethereum whale opened an $11,000,000 $ETH long.
Higher. pic.twitter.com/7MKiDJQK2B
— Ted (@TedPillows) June 11, 2025
The entry price was at $2,758.35, with the total position size amounting to 4,000 ETH. This position carries a liquidation price of $2,466, offering a relatively tight margin for error
Ethereum’s price has dropped slightly since the whale opened the position to trade at $2,736.21 as of 8:00 a.m. EST, which is still above the liquidation price.
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