Gate.com Blog Daily News | PI Market Cap Exceeded $18 Billion, Ethereum ETF Funds Experienced Net Outflow For The First Time This Week

Daily News | PI Market Cap Exceeded $18 Billion, Ethereum ETF Funds Experienced Net Outflow For The First Time This Week

21 February 12:22

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## Crypto Daily Digest: PI token circulation market cap exceeded $18 billion, Ethereum ETF funds experienced net outflows for the first time this week
As of press time, according to Farside Investors data, the U.S. <a href="/price/bitcoin-btc" target="_blank" class="blog_inner_link">Bitcoin</a> spot ETF had a net outflow of $252 million yesterday, of which Fidelity FBTC had a net outflow of $88 million and Ark ARKB had a net outflow of $98 million; the U.S. <a href="/price/ethereum-eth" target="_blank" class="blog_inner_link">Ethereum</a> spot ETF had its first net outflow after four consecutive days of net inflows, with a net outflow of $13 million, of which Grayscale ETHE had a net outflow of $10.3 million.

**Australian operator BetaShares launched BTC ETF**

According to HODL15 Capital, Australian ETF operator BetaShares has launched a new <a href="/price/bitcoin-btc" target="_blank" class="blog_inner_link">Bitcoin</a> ETF (QBTC), which will provide investors with <a href="/price/bitcoin-btc" target="_blank" class="blog_inner_link">Bitcoin</a> investment opportunities through Bitwise's BITB.

**PI tokens are listed, with the highest circulating market cap exceeding $18 billion **

Yesterday, the PI token was listed for trading, and the price rose to $2.88. According to the official browser data of PI Network, the current circulation of PI is 6308350348.75509, which means that the market cap of Pi has risen to $18 billion. According to Gate.io data, the price of PI tokens has fallen back to $0.82 as of press time, down more than 70% from the high point.

**Grayscale Spot <a href="/price/xrp-xrp" target="_blank" class="blog_inner_link">XRP</a> ETF has been officially filed in the Federal Register**

Grayscale Spot <a href="/price/xrp-xrp" target="_blank" class="blog_inner_link">XRP</a> ETF (19b-4 Application) has been officially filed in the Federal Register. The 19b-4 application is a formal document submitted by Grayscale to the SEC.

According to regulations, the SEC needs to make a decision by October 18, during which time the SEC may communicate with Grayscale to request more information or clarify related issues.

## Market Trends: New coins generally rose, and short positions were liquidated for $170 million in the past 24 hours
### Market Hotspots
According to Coinglass data, in the past 24 hours, the entire network had a liquidation of $250 million, with long orders liquidated at $78 million and short orders liquidated at $170 million. <a href="/price/bitcoin-btc" target="_blank" class="blog_inner_link">Bitcoin</a> liquidation ranked first, reaching $51.31 million, followed by IP tokens, with a liquidation of $40.34 million.

Affected by the market recovery, the tokens of newly launched projects have seen a general rise recently. Among them, IP has risen 89% in 24 hours and is currently priced at $5.16; KAITO has risen 60% in the past 6 hours and is currently priced at $1.39; BERA has risen 30% in 24 hours and is currently priced at $8.49.

### Mainstream Coins
Bitcoin's recovery trend continued, rising 1.57% in 24 hours. As of press time, it was quoted at $98,330, close to the pressure level of the oscillation range of $98,500. It is necessary to pay close attention to the subsequent trend.

<a href="/price/ethereum-eth" target="_blank" class="blog_inner_link">Ethereum price</a> trend follows the broader market, with little price fluctuation. It has risen by 0.16% in 24 hours and is currently quoted at $2,740, remaining below the $2,760 pressure level. Investors need to pay close attention to subsequent trends.

Altcoin prices generally rose, with the AI sector up 7% in 24 hours, including TAO tokens up 6.7% and VIRTUAL up 16%; the RWA and Layer1 sectors also performed well, up 5.6% and 3.7% respectively in 24 hours.

## Macro news: Initial unemployment claims exceeded expectations, Walmart fell more than 6%
Trump's tough talk on Ukraine, as well as renewed tariff threats and inflation concerns, have increased market uncertainty and fueled risk aversion. The three major U.S. stock indexes all fell; Walmart fell 6.5% as its earnings outlook for fiscal 2026 was lower than analysts' expectations, dragging the Dow Jones Industrial Average down 450 points.

In terms of economic data, the number of first-time unemployment claims in the United States increased by 5,000 to 219,000, higher than the expected 215,000. The expansion of the Philadelphia Fed manufacturing industry slowed down, and the Philadelphia Fed manufacturing index fell sharply by 26.2 points to 18.1 in February, the largest drop in nearly five years.

<div class="blog-details-info">
<div>Author:**Rooick Z.**, Gate.io Researcher
<div>Translator:Joy Z.
<div class="info-tips">\*This article represents only the views of the researcher and does not constitute any investment suggestions. All investments carry inherent risks; prudent decision-making is essential.
<div>\*Gate.io reserves all rights to this article. Reposting of the article will be permitted provided Gate.io is referenced. In all cases, legal action will be taken due to copyright infringement.
</div>

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Daily News | PI Market Cap Exceeded $18 Billion, Ethereum ETF Funds Experienced Net Outflow For The First Time This Week

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