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Crypto News Today: Bitcoin Inflow, Pi Network Below USD 0.09, TRON Hit 30 Trillion Transfer Volume

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Crypto News Today: Bitcoin Inflow, Pi Network Below USD 0.09, TRON Hit 30 Trillion Transfer Volume

Spot Bitcoin ETFs recorded USD 346.98 million in net inflows, while spot Ethereum ETFs attracted another USD 105 million.

Pi Network slipped below USD 0.09 after its latest recovery attempt lost momentum.

The crypto market saw major developments as spot Bitcoin ETFs recorded USD 346 million in net inflows, while Polygon burned 100 million tokens. TRON also hit USD 30 trillion in transfer volume, and Ethereum ETFs recorded USD 105 million in net inflows. 

According to SoSoValue, the Bitcoin spot ETFs saw a total net inflow of USD 346.98 million yesterday. 

The Bitcoin spot ETF with the highest net inflow yesterday was BlackRock's ETF IBIT, with a daily net inflow of USD 166.29 million, and the total historical net inflow of IBIT currently stands at USD 65.02 billion. 

The second-highest was Fidelity's ETF FBTC, with a daily net inflow of USD 143.24 million, and the total historical net inflow of FBTC currently stands at USD 11 billion. 

The total net asset value of Bitcoin spot ETFs is USD 108.66 billion, accounting for 6.42% of the total ETF market. The historical cumulative net inflow has reached USD 57.22 billion.

Polygon burned 100 million POL tokens this Wednesday via a direct transaction on its blockchain. The Executive Director of the Polygon Foundation, Sandeep Nailwal, confirmed the execution in a post on his X account.

The transfer originated from an address marked with the contractual suffix (0xDEAD) and was routed to the core POL token contract. Through this technical procedure, the assets were rendered entirely irrecoverable for any future secondary market circulation.


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