Among the stablecoins, USDT and USDC inflows diverged, with USDT inflows of 135 million and USDC continuing to show significant outflows of 300 million.USDC has been showing significant outflows for three consecutive weeks, but the size of the outflows is decreasing. It is unclear whether the outflows of the compliant USD stablecoin are related to the recent strength of the USD and lower expectations of interest rate cuts.

BTC ETFs continue to dominate with net inflows of $1 billion, while the stablecoin channel saw outflows of $169 million. So far, the US spot ETF has accumulated net inflows of $21.5 billion, with a total holding of 983,600 coins. At the current rate of inflows, it will exceed the 1 million mark around the time of the U.S. election. It should be noted that, according to EMC Labs' monitoring, the average buying cost of ETFs is $59,500.

BNB Chain Announces 35 Selected Teams for Season 8 MVB Accelerator Program

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