Group 1 - Grayscale has submitted an S-1 registration statement to the SEC to convert the Aave Trust into the Grayscale Aave Trust ETF, which will be listed on NYSE Arca under the ticker GAVE with a fee rate of 2.5% [1] - Coinbase will act as the custodian and primary broker for the Grayscale Aave Trust ETF [1] - Grayscale becomes the second institution to apply for an Aave-related ETF, following Bitwise's application for the Bitwise AAVE Strategy ETF in December of last year, which plans to hold up to 60% in AAVE tokens and at least 40% in related securities [1] Group 2 - A MACD golden cross signal has formed, indicating positive momentum for certain stocks [1]

来源：市场资讯 Grayscale 向 SEC 提交 S-1 注册声明，拟将 Aave 信托转换为 Grayscale Aave Trust ETF，在 NYSE Arca 上市，代码 GAVE，费用率 2.5%，Coinbase 担任托管及主经纪商。Grayscale 成为第二家申请 Aave 相 关 ETF 的机构；Bitwise 于去年 12 月申请 Bitwise AAVE Strategy ETF，拟持 AAVE 代币最高 60% 及至 少 40% 相关证券。（Cointelegraph） （来源：吴说） ...

Core Viewpoint - BlackRock is in discussions with the U.S. Securities and Exchange Commission (SEC) regarding the tokenization of iShares ETFs, with potential developments expected within 90 days to 12 months, with a maximum timeframe of 12 months [1] Group 1 - BlackRock's CFO Martin Small indicated that progress on the tokenization discussions could emerge within a timeframe of 90 days to 12 months [1] - Bitwise's CIO Matt Hougan believes that this development could serve as a potential narrative to help the market emerge from a bear phase, positively impacting Layer 1 (L1) and decentralized finance (DeFi) sectors [1]

Core Insights - U.S. spot Solana ETFs experienced their strongest performance in nearly a month, with net inflows of $8.43 million on February 10, breaking a two-day outflow streak [1] - Despite a 3.8% drop in Solana's price, the inflows indicate a resilient interest in Solana ETFs, particularly from Bitwise and Fidelity [2] Inflows and Market Performance - Bitwise's BSOL led the inflows with $7.70 million, while Fidelity's FSOL attracted $732,040, while other major sponsors saw negligible movement [2] - Spot Solana ETFs now manage a total of $700.21 million in assets, representing approximately 1.49% of Solana's total market cap of $46.3 billion [2] Comparative Performance - Solana's inflows were modest compared to Bitcoin ETFs, which saw $166 million, and Ethereum ETFs with $13.82 million, but outperformed XRP ETFs, which recorded $3.26 million [3] - Solana's price has dropped 15.5% over the past week and 42% over the past month, currently trading at $81.33 [3] Market Sentiment - Market participants are pessimistic, with a 65.4% probability assigned to Solana's price dropping to $40, compared to a 9.1% chance of reaching a new all-time high before July [4] - The broader crypto market's fear, particularly following Bitcoin's sustained drop, has contributed to this pessimism, leading to significant liquidation events [5]

LATEST: 📊 Bitcoin ETFs saw $145 million in inflows on Monday as institutional selling pressure eased, with early BTC holders trimming positions rather than exiting, according to Bitwise CIO Matt Hougan. https://t.co/02odBJbVCg ...

Core Insights - Bitcoin price has seen a bounce due to significant inflows into ETFs, with a confirmed $145 million in institutional investments, indicating a potential stabilization in the market [1][4] - Despite nearly $1.9 billion in outflows year-to-date, institutional investors are strategically buying during market dips, suggesting confidence in the long-term outlook [2][3] - Major players like BlackRock's IBIT have been instrumental in attracting capital, contrasting with previous outflows of $318 million [4] ETF Flows and Market Sentiment - The recent inflows into Bitcoin ETFs are seen as a signal of "smart money" entering the market while retail sentiment remains fearful [3] - The slowing pace of outflows is viewed as a potential inflection point, with early Bitcoin holders strategically trimming positions rather than exiting entirely [5] - Analysts suggest that the current downturn is the "weakest bear case" in Bitcoin's history, lacking major company failures or systemic risks [6] Implications for Bitcoin Price - The inflows could provide a price floor for Bitcoin, making it difficult for bearish trends to persist [7] - Institutional appetite indicates that while volatility may continue, the long-term investment thesis for Bitcoin remains intact [7]

Overview - Assets under management for spot crypto funds have decreased to $130 billion, marking the lowest level since March of the previous year, driven by significant net outflows and a decline in Bitcoin prices [1][2]. Market Dynamics - Bitcoin has fallen over 50% from its peak in October 2025, with approximately $7 billion in outflows, but most ETF investors remain committed for the long term [2][3]. - The selling pressure is primarily from original crypto investors who have been gradually trimming their positions rather than mass selling [3]. - Currently, about 40% of spot Bitcoin ETF holders are experiencing losses and require a 50% increase in Bitcoin prices to break even [4]. Investor Sentiment - There is a prevailing negative sentiment among investors, exacerbated by the rising price of gold, which has reached all-time highs, contrasting with the performance of cryptocurrencies [5][6]. - The lack of dip buying in ETFs suggests that many investors are hesitant, with flows often reflecting the price movements of Bitcoin or Ethereum rather than counter-trend buying [7][10]. ETF Flows and Strategies - Some financial advisors are viewing the current market as an opportunity, leading to inflows in certain products, while hedge funds and traders are contributing to outflows [8][9]. - The ETF market is characterized by two distinct investor groups: those seeking short-term gains and those focused on long-term investments [10][32]. - The recent performance of spot ETFs has not provided the same price support for Bitcoin as seen in previous cycles, indicating a shift in market dynamics [10][14]. Future Trends - There is growing interest in diversified index funds within the crypto space, similar to trends seen in traditional asset classes, as investors seek broader exposure [20][21]. - The retailization of institutional strategies is becoming a significant trend, with more retail investors gaining access to complex investment strategies previously reserved for high-net-worth individuals [34][36]. - The potential for more banks to issue crypto products could enhance market flows and investor participation [28][29].

Let's just start with the broad overview from both of you. Assets under management fell to $130 billion, its lowest level since March of last year. I'm talking about those spot crypto funds.We've seen historic stretches of net outflows. Matt, I want to start with you first. Take us inside this sell-off.What's driving it. >> Yeah, absolutely. You know, the interesting thing about your question, McKenzie, is it's not the ETF investors who are driving the selloff.Assets are down, but most of that is price appr ...

Market Performance - Bitcoin (BTC) has retreated by nearly 2.5% in the past 24 hours after failing to maintain gains that pushed it back up to $71,000, and it is down more than 11% in the past seven days [1] - The wider market, represented by the CoinDesk 20 (CD20) index, dropped 13.5% over 24 hours and 13.7% in a week, indicating a significant downturn [2] Institutional Activity - Institutions have shown increased activity, with Bitwise CEO noting significant inflows as prices dropped, suggesting that new institutional investors see an opportunity to enter the market [2] - Retail sentiment remains fragile, but U.S. investors are beginning to buy back in, as indicated by the positive turn of the Coinbase Premium Index for the first time since mid-January [3] Investor Sentiment - Online search interest for terms like "crypto capitulation" spiked during the selloff, indicating heightened concern among investors and presenting a potential opportunity for value investors [4] Safe Haven Assets - Capital has flowed into traditional safe havens like gold and silver, with gold prices topping $5,000 as investors react to a weaker U.S. dollar and major purchasers, including Tether and China's central bank, accumulating assets [5] Economic Context - Stock market futures are down ahead of the open, influenced by a recent rally in Japan's equities following a ruling party's election win, which may affect risk assets including cryptocurrencies [6]

LATEST: 📊 Bitwise CEO Hunter Horsley says institutions view Bitcoin below $70,000 as a buying opportunity, with the firm seeing over $100 million in inflows on Feb. 2 alone. https://t.co/Ky55zYXG3p ...