ARP's Crypto Digest

General Digital Asset Market View:

The weekly inflow into Bitcoin spot ETFs totaled $312.8 million, but the flows saw significant fluctuations throughout the week. On January 6, the inflow peaked at $978.6 million, reflecting strong investor interest. However, the following day, January 7, saw a sharp decline to just $52.4 million. On January 8, the trend reversed, with a large outflow of $568.8 million, marking a significant withdrawal from Bitcoin ETFs.

The outflows continued on January 10, with $149.4 million leaving the funds, although at a smaller scale than January 8. Notably, BlackRock saw the largest outflow of $183.6 million, followed by Fidelity (-$16.6M), Ark (-$5.7M), and Grayscale GBTC (-$13.5M). Despite the fluctuations, the overall inflow remains positive, showcasing the volatility and investor sentiment around Bitcoin ETFs.

Macro:

We have a heavy data docket this week in the US with the latest run of pricing data (CPI, PPI, IPI) and retail sales on the agenda. IP, housing starts and the usual release of claims data will also be in focus. Elsewhere, the final Eurozone CPI print, monthly GDP data in the UK along with the latest set of pricing data and Q4 GDP in China will also be watched. From a monetary policy POV, the ECB’s account of its December meeting will be released, the Fed releases its latest Beige Book, the BOK will meet for its first meeting of 2025 and BoJ Deputy Himino will speak on Tuesday. From a politics POV, in the US, the focus will be on the Senate confirmation hearings for Trump’s cabinet nominees including Secretary of Defense, Secretary of State and Attorney General among others. In France, new Prime Minister Bayrou will deliver his General Policy Statement on Tuesday.

More Crypto:

• BTC share in TOP 10 USD Pairs: 49%

• TOP Market Player Share in Q4: 62%

• 24′ Cumulative USD Volume: $1,476bn

• Active Crypto-USD Pairs: 1593

Bitcoin’s recent rally was also driven by strong corporate interest. Companies like KULR Technology, Rumble, and Genius Group began adding Bitcoin to their balance sheets in Q4. MicroStrategy, the largest Bitcoin holder, increased its holdings from 252,220 BTC in September to 446,400 BTC by December.

Despite December’s pullback, MicroStrategy outperformed Bitcoin and other BTC-exposed firms this year. The company plans to raise a total of $42 billion over three years for further Bitcoin purchases. However, December options data suggests investor sentiment toward MicroStrategy shifted from ultra-bullish to neutral, hinting at cooling interest.

What Happened This Week:

• $USD0++, the staking coin for usualmoney ‘s stablecoin $USD0, has been depegged and is trading at $0.955.

• The US Department of Justice (DOJ) has cleared the sale of $6.5B in seized Silk Road bitcoins.

• Elixir has announced that it is enabling DeFi access for holders of private equity firm Hamilton Lane’s SCOPE fund via deUSD.

• Ripple CEO Brad Garlinghouse shared a photo on X Channel today of Ripple Chief Legal Officer Stuart Alderoty and U.S. President-elect Trump having dinner with him at Mar-a-Lago on Monday night.

• The World team unveiled an ORB with 5X AI performance powered by the latest NVIDIA Jetson chipset.

What to Look Out For:

• Coins that are only listed on Upbit or are volume-driven are seeing big gains. In one week, Steem Dollars $SBD +360%, $AQT +160%, $STRIKE +133%. $IQ, $MBL, and $STMX are also affected and pumping. 

• MANTRA announced plans to tokenize $1 billion in RWA assets for UAE real estate company DAMAC.

• Fetch AI has announced a $10M accelerator to support startups developing solutions focused on AI agents, quantum computing and high-performance tech.

• Justin Sun said that groundbreaking AI is coming to Tron and Steemit.

What we enjoyed reading and listening to:

Bitcoin is the top ranking asset across all asset classes for 10 of the last 13 years:

• 10 Charts That Capture How the World Is Changing — Link

• Everything you need to know that’s going on in the crypto AI agent landscape at the moment — Link

• It’s still a bull market relax — Link

• 2025: The Age of the Creator Economy — Link

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