💞 #Gate Square Qixi Celebration# 💞
Couples showcase love / Singles celebrate self-love — gifts for everyone this Qixi!
📅 Event Period
August 26 — August 31, 2025
✨ How to Participate
Romantic Teams 💑
Form a “Heartbeat Squad” with one friend and submit the registration form 👉 https://www.gate.com/questionnaire/7012
Post original content on Gate Square (images, videos, hand-drawn art, digital creations, or copywriting) featuring Qixi romance + Gate elements. Include the hashtag #GateSquareQixiCelebration#
The top 5 squads with the highest total posts will win a Valentine's Day Gift Box + $1
Net outflow of 670 million US dollars in a single day! BTCSpot ETF 'bleeding heavily' hits the worst since listing
The US BTCSpot ETF experienced a significant loss of funds on Thursday, the largest since its listing in January this year, while the premium of CME BTC futures also dropped to single digits, reflecting a significant weakening in short-term market demand.
According to Farside Investors data, on December 19th, Eastern Time, the net inflow of funds for 15 consecutive days of the 11 BTCSpot ETFs in the United States came to a halt, with a total net outflow of 671.9 million US dollars, setting a new record for the highest single-day net outflow since its launch on January 11th this year.
In this wave of capital withdrawal, FBTC under Fidelity and GBTC under Grayscale suffered the most severe blood loss, with outflows of USD 208.5 million and USD 188.6 million, respectively. Other ETF funds also faced varying degrees of withdrawal pressure, while IBIT under BlackRock experienced the embarrassing situation of zero inflows for the first time in weeks.
BTC continued its decline today (20th), further testing $94,600, a drop of over 12% from the historical high of $108,135 reached earlier this week.
The market sentiment downturn is not only reflected in Spot trading, but also spread to the derivatives market. According to Amberdata, the annualized premium of CME's one-month BTC futures fell to 9.83%, hitting a new low in over a month.
This means that the trading returns from arbitrage through 'buying Spot, shorting futures' have significantly shrunk, which may further weaken investors' demand for ETF in the short term.
Ether Spot ETF was not spared either, with a net outflow of $60.5 million on Thursday, the first capital outflow since November 21. Since the Federal Reserve announced its latest interest rate policy, Ether has plunged by over 20% from above $4,100.
"Single-day net outflow of 670 million US dollars! BTCSpot ETF 'hemorrhage' hits the worst since its listing" This article was first published in "Blocklike".