The introduction of Bitcoin's latest Exchange-Traded Funds (ETFs) on January 11 has stirred controversy, as the intense trading activity appears to have minimal impact on the actual growth of BTC prices. Despite concerns from some quarters, Bloomberg analyst Eric Balchunas contends that the raw data itself provides a clear perspective. Examining the net inflows and outflows, the trend reveals continuous sales from the recently transformed Grayscale Bitcoin Trust (GBTC), now functioning as an ETF. BitMEX research data highlights BlackRock's iShares Bitcoin Trust (IBIT) as the standout performer, showing a notable increase of $700 million in just three days. Conversely, GBTC has experienced net outflows surpassing $1.1 billion, a phenomenon attributed to investors shifting between ETF products due to the higher fees associated with GBTC.

🎙We've got some exciting ecosystem news to share with you from this past week! 🍀 Axelar and Base have teamed up to bring you $axlOP on Base to trade and use $OP onchain! 👍

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🥲 Progrmd Capital's thesis on Axelar enabling the globalisation of blockchain is out now, check it out: 👍

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🆕 You can now perform seamless and lighting fast cross-chain swaps directly on the Lucid DEX thanks to Squid! 👍

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🔷 Axelar is excited to be a $CHRP Ethereum launch backer, providing an efficient cross-chain experience and opening the doors to cross-chain swaps: 👍

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We are proud to see @BrillionFi become the official smart wallet and $RWA wallet for @Vanarchain . The work and progress achieved by the team is truly amazing. Brillion will serve as the connectivity layer between the AllianceBlock technology & ecosystem and @Vanarchain . $NXRA…