flow

According to Coinglass data, Binance had a net inflow of 32,837,200 USDT in the past hour.

According to SoSoValue data, the total net outflow of Ethereum spot ETFs is $18.6542 million. The Ethereum spot ETF with the highest net inflow in a single day is Morgan Stanley Ethereum Trust MSSE, with a single-day net inflow of $14.297 million, and the historical total net inflow of MSSE currently stands at $19.4457 million.Next is the Blackrock ETF ETHA, with a single-day net inflow of $5.1632 million, and the historical total net inflow of ETHA currently reaches $11.43 billion. The Ethereum spot ETF with the highest net outflow in a single day is Fidelity ETF FETH, with a single-day net outflow of $16.0729 million, and the historical total net inflow of FETH currently stands at $2.105 billion. As of the time of publication, the total net asset value of Ethereum spot ETFs is $10.369 billion, and the ETF net asset ratio (the market value as a percentage of Ethereum's total market value) is 4.56%, with a historical cumulative net inflow reaching $11.188 billion.

According to SoSoValue data, the total net inflow of Bitcoin spot ETFs is $32.1099 million. The Bitcoin spot ETF with the highest net inflow in a single day is the Blackrock ETF IBIT, with a single-day net inflow of $89.8281 million. Currently, the historical total net inflow of IBIT has reached $60.421 billion.The Bitcoin spot ETF with the highest net outflow in a single day is the Fidelity ETF FBTC, with a single-day net outflow of $43.0832 million. Currently, the historical total net inflow of FBTC has reached $9.959 billion. As of the time of writing, the total net asset value of Bitcoin spot ETFs is $77.455 billion, and the ETF net asset ratio (the market value compared to the total market value of Bitcoin) is 6.08%. The historical cumulative net inflow has reached $51.357 billion.

Castle Labs released a report stating that since the beginning of the year, crypto protocols have generated approximately $7.42 billion in revenue, but most token prices have failed to reflect the fundamentals of the protocols. The report analyzes six protocols, including Aave, Hyperliquid, PumpFun, and Uniswap, finding that they collectively generated about $726 million in revenue in the first half of 2026. However, after accounting for token issuance, unlocks, and incentives, the net value inflow for token holders turned negative for some projects.The report points out that Hyperliquid has burned over 47 million HYPE tokens, and PUMP has completed over $315 million in buybacks, yet the token is still down about 60% from its issuance price. Protocol revenue does not necessarily translate into token value, and investors should also pay attention to factors such as value return mechanisms, token unlock pressure, and equity structure.

According to SoSoValue data, the total net inflow of the XRP spot ETF for the day is $584,700. Yesterday, only the Franklin XRP ETF (XRPZ) had a net inflow, with a daily net inflow of $584,700, bringing the historical total net inflow to $422 million.As of the time of publication, the total net asset value of the XRP spot ETF is $989 million, with an XRP net asset ratio of 1.48%, and the historical cumulative net inflow has reached $1.496 billion.

According to GMGN data, the top 5 tokens with net inflow of smart money in the past 24 hours are as follows:CATE (Ai66....ump): Net inflow of $6,000, with a 24-hour increase of 52.1%, currently priced at $0.0043.PVE (4hPR....ump): Net inflow of $1,000, with a 24-hour increase of 1373.3%, currently priced at $0.0001.OnlyMarms (HBrf....ump): Net inflow of $829, with a 24-hour increase of 3661.8%, currently priced at $0.0002.carcat (x8cK....ump): Net inflow of $500, with a 24-hour increase of 19.1%, currently priced at $0.0001.KRISPY (48wM....ump): Net inflow of $444, with a 24-hour increase of 34.7%, currently priced at $0.0001.

On July 28, Eastern Time, Morgan Stanley Ethereum Trust (MSSE) was officially listed on NYSE Arca, bringing the total number of listed ETH spot ETFs to 11.According to SoSoValue data, MSSE had a net inflow of $5.15 million on its first day of trading, with a trading volume of $19.03 million and a total net asset value of $6.18 million. The Ethereum spot ETF with the highest net inflow yesterday was Blackrock ETF ETHB, which had a net inflow of $5.91 million for the day. Currently, ETHB has a historical total net inflow of $529 million. As of the time of writing, the total net asset value of Ethereum spot ETFs is $10.5 billion, with an ETF net asset ratio (the market value as a percentage of Ethereum's total market value) reaching 4.53%. The historical cumulative net inflow has reached $11.21 billion.

According to SoSoValue data, the total net outflow of Bitcoin spot ETFs is $49.7544 million. The Bitcoin spot ETF with the highest net inflow in a single day is the Grayscale Bitcoin Trust ETF BTC, with a single-day net inflow of $5.0796 million, and the total historical net inflow for BTC has reached $2.654 billion.The Bitcoin spot ETF with the highest net outflow in a single day is the Blackrock ETF IBIT, with a single-day net outflow of $54.834 million, and the total historical net inflow for IBIT has reached $60.331 billion. As of the time of writing, the total net asset value of Bitcoin spot ETFs is $77.234 billion, and the ETF net asset ratio (the market value compared to the total market value of Bitcoin) is 6.02%, with a historical cumulative net inflow of $51.325 billion.

On July 28, Eastern Time, Morgan Stanley Solana Trust (ticker MSOL) was officially listed on NYSE Arca, bringing the total number of listed SOL spot ETFs to 9. According to SoSoValue data, MSOL had zero net inflow on its first day of listing, with a trading volume of $19.03 million and a total net asset value of $1 million. MSOL supports a cash creation/redemption mechanism, with a management fee rate of 0.14%, and plans to support the Solana staking yield mechanism.Yesterday, only the Bitwise Solana Staking ETF (BSOL) experienced net outflows, with a single-day net outflow of $18.0734 million, and the historical total net inflow currently stands at $891 million. As of the time of writing, the total net asset value of SOL spot ETFs is $852 million, with a SOL net asset ratio of 1.99%, and the historical cumulative net inflow has reached $1.127 billion.

According to the latest survey by TrendForce, in June, the top three MLCC suppliers in Japan and South Korea (Murata, Samsung Electro-Mechanics, Taiyo Yuden) achieved a monthly shipment volume that reached a nearly five-year high, with 140 billion, 98 billion, and 40 billion units respectively, and the growth momentum continued into July. AI applications are the main driving force, with CSP manufacturers maintaining strong procurement demand for self-developed ASIC platforms such as Google TPU and AWS Trainium, driving continuous growth in demand for high-capacity, low-voltage, small-sized MLCCs.At the same time, Japanese and South Korean suppliers are accelerating the shift of production capacity from consumer-grade X5R to high-end X6S/X7R specifications, resulting in a severe squeeze on the production capacity of mid-to-high capacity (1µF-22µF) consumer-grade MLCCs, with mainstream inventory days generally falling below 30 days. The overflow effect of production capacity has led channels, agents, and second- and third-tier customers to urgently pull goods, significantly increasing order visibility for Taiwanese and mainland suppliers, leading to rising prices, with agents raising prices by an average of 20-25%, and spot market prices have soared to 2-3 times the original price. TrendForce pointed out that the consumer-grade MLCC market currently shows a structural mismatch of "weak end demand, strong channel pricing."

The International Monetary Fund (IMF) stated in its financial system stability assessment report released this month that Brazil's cross-border capital flows based on cryptocurrency have continued to grow since 2017, surpassing traditional capital flows. The report indicates that these capital flows are mostly driven by stablecoins, as businesses and retail investors use stablecoins for efficiency and tax-related reasons. The flow of stablecoins is related to international and local investment indicators such as the S&P 500, VIX, and Bitcoin prices, and is also influenced by exchange rates, interest rates, policy uncertainty, and changes in tax policies.The IMF noted that the Central Bank of Brazil has taken measures to regulate the virtual asset service provider (VASP) industry, but there are still shortcomings in areas such as customer legal protection and asset segregation. Comprehensive implementation of international standards such as the travel rule for anti-money laundering and combating the financing of terrorism (AML/CFT) is still needed. The report pointed out that Brazil's cryptocurrency system is connected to the traditional financial system, and regulators need to cooperate with domestic and international regulatory bodies to establish a more robust reporting mechanism. The Brazilian Congress is preparing to review Bill 4308/2024 to regulate the status of stablecoins.

According to SoSoValue data, on July 27, Eastern Time, the total net inflow of Ethereum spot ETFs was $9.23 million. The Ethereum spot ETF with the highest net inflow in a single day was the Blackrock ETF ETHA, with a net inflow of $11.75 million, and the historical total net inflow of ETHA has reached $11.42 billion.The Ethereum spot ETF with the highest net outflow in a single day was the Invesco ETF QETH, with a net outflow of $2.52 million, and the historical total net inflow of QETH has reached $22.10 million. As of the time of writing, the total net asset value of Ethereum spot ETFs is $10.65 billion, and the ETF net asset ratio (the market value relative to the total market value of Ethereum) is 4.53%, with a historical cumulative net inflow of $11.19 billion.

According to SoSoValue data, the total net outflow of Bitcoin spot ETFs is $11.6439 million. The Bitcoin spot ETF with the highest single-day net outflow yesterday was Blackrock ETF IBIT, with a single-day net outflow of $8.8202 million. Currently, the historical total net inflow of IBIT has reached $60.386 billion.The second is Fidelity ETF FBTC, with a single-day net outflow of $2.8237 million. Currently, the historical total net inflow of FBTC has reached $10.002 billion. As of the time of writing, the total net asset value of Bitcoin spot ETFs is $78.713 billion, and the ETF net asset ratio (the market value compared to the total market value of Bitcoin) is 6.04%. The historical cumulative net inflow has reached $51.374 billion.

According to SoSoValue data, yesterday (Eastern Time July 27), the total net inflow of the SOL spot ETF was $1.0337 million. Yesterday, only the Bitwise Solana Staking ETF (BSOL) had a net inflow, with a single-day net inflow of $1.0337 million, and the historical total net inflow has reached $909 million.As of the time of writing, the total net asset value of the SOL spot ETF is $889 million, with a SOL net asset ratio of 2.01%, and the historical cumulative net inflow has reached $1.145 billion.

According to SoSoValue data, yesterday (Eastern Time July 27), the total net inflow of the XRP spot ETF was $592,500. Yesterday, only the Franklin XRP ETF (XRPZ) had a net inflow, with a single-day net inflow of $592,500, bringing the historical total net inflow to $422 million.As of the time of writing, the total net asset value of the XRP spot ETF is $1.002 billion, with an XRP net asset ratio of 1.47%, and the historical cumulative net inflow has reached $1.495 billion.

According to Farside Investors data, as of the week ending July 24, the net inflow for Ethereum spot ETFs was $103.8 million, about three times that of Bitcoin spot ETFs at $33.9 million, surpassing Bitcoin products for the second consecutive week. The gap mainly comes from BlackRock: its Ethereum fund ETHA attracted $96.3 million, while the largest crypto ETF Bitcoin fund IBIT saw a net outflow of $95.5 million, with outflows of $202.5 million and $212.2 million on Thursday and Friday, respectively.Bitcoin ETFs performed strongly at the beginning of the week (with a total inflow of about $430 million on Monday and Tuesday), but then reversed sharply. Ethereum ETFs were more stable, with continuous inflows for the first four days before a $70.7 million outflow on Friday. The weekly inflow for Bitcoin ETFs decreased by 55% compared to the previous week, while Ethereum remained flat. On-chain, the largest corporate ETH holder BitMine Immersion increased its holdings by 104,512 ETH over the past 30 days and currently holds 5.78 million ETH, accounting for 4.8% of the supply. ETH is currently priced at about $1,936, and BTC at about $64,780.

CryptoQuant analysis indicates that Binance's Bitcoin inflow data has shown significant divergence. The total inflow from whales over the past 30 days is $3.9 billion, a decrease of 44.3% from the peak of about $7 billion on June 12; retail inflows are $7.8 billion, a decrease of only 22% from about $10 billion on June 5. Retail inflows are currently about twice that of whales, with a gap of $3.9 billion.The analysis points out that this divergence coincides with the eve of the Federal Reserve's FOMC meeting. Federal funds futures are currently pricing in about a 36% probability of a 25 basis point rate hike, with maintaining the target range of 3.5-3.75% being the more likely scenario. From the perspective of Bitcoin, an unexpected rate hike could support the dollar and Treasury yields, increasing volatility in risk assets; if the rate hike is paused with dovish guidance, it may partially alleviate macro pressures. The Federal Reserve's decision on Wednesday will be a key variable in testing whether this divergence continues or begins to converge.

According to research data released by Grayscale, based on the proportion of market capitalization, the inflow of funds into the HYPE ETF is accelerating, with relative performance surpassing BTC, ETH, SOL, and XRP.Grayscale pointed out that the inflow of Bitcoin is the most consistent and stable, Ethereum has experienced sharp peaks, Solana and XRP showed healthy inflows in the early stages, while HYPE's performance at the same lifecycle stage outperformed Bitcoin, Solana, and XRP.

CryptoQuant data shows that the fund flow of USDC on exchanges has shifted back to net inflow after experiencing over two months of net outflow.This change may indicate that the purchasing power of U.S. funds is re-entering the cryptocurrency market.

According to the data panel on the ChainCatcher official website, regarding BTC wallet balances, in the past 7 days, Bybit had the largest decrease among the top 10 exchanges, at 4.08%; OKX had the largest increase, reaching 3.58%.In terms of exchange asset transparency proof, in the past 7 days, the top three net outflows were Binance (-$738 million), Bitget (-$97.65 million), and Bybit (-$68.37 million); the top three net inflows were Deribit (+$58.18 million), Bitfinex (+$24.73 million), and KuCoin (+$11.49 million).