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Analysis: Liquidity Improves in Crypto Derivatives Market, Macro Environment Continues to Favor Risk Assets
Summary: According to reports, Bitcoin has shown resilience in fund flows at the end of the quarter, with listed companies continuing to increase their holdings of spot assets. Companies have purchased more BTC than ETFs for three consecutive quarters. The SEC has been active, approving Ethereum and Solana ETFs, with Grayscale's large funds transitioning to ETFs ...
According to reports, Bitcoin has shown resilience in fund flows at the end of the quarter, with listed companies continuing to increase their holdings of spot assets. Companies have purchased more BTC than ETFs for three consecutive quarters. The SEC has been active, approving Ethereum and Solana ETFs, with Grayscale's large funds transitioning to ETFs and planning to simplify and accelerate token ETF approval processes. Corporate crypto asset allocations are accelerating, with Bitmine privately raising $20 million to increase its Ethereum holdings, and DeFi Development raising $100 million to acquire Solana and buy back stocks. In the infrastructure sector, Circle has applied for a US license, Robinhood is launching new businesses in Europe, and Trump's crypto mining project has raised $220 million. In terms of market structure, liquidity in derivatives has improved, with BTC market dominance remaining high. The macro environment favors risk assets, with the Trump administration signaling loose policies and increasing risk appetite spreading to the digital asset field.
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Link: Analysis: Liquidity Improves in Crypto Derivatives Market, Macro Environment Continues to Favor Risk Assets [Copy]
