The South Korean Financial Supervisory Service (FSS) and the US Securities and Exchange Commission (SEC) are set to discuss the inclusion of Bitcoin ETFs and non-fungible tokens (NFTs) within the realm of virtual assets. This marks a pivotal moment in the realm of virtual finance, highlighting the evolving landscape of digital finance and its regulatory challenges. The exclusion of NFTs from the scope of virtual assets under the forthcoming Enforcement Decree of the Virtual Asset Act in South Korea reflects a cautious approach driven by perceived low market risks, but escalating prices and speculative fervor surrounding NFTs have spurred calls for their formal recognition as tradable assets. The outcomes of these deliberations are poised to shape the future trajectory of virtual finance.

According to BitMEX Research data, the net inflow of funds for the US Bitcoin ETF exceeded $23,230 on February 24th. Among them, the outflow of funds from Grayscale GBTC was $440 billion, the lowest level since January 11th.

According to HODL15Capital data, Canadian investors sold 199 BTC again through the Purpose Bitcoin ETF yesterday, and have sold 604 BTC in the past 7 days. Since the launch of the US Bitcoin spot ETF, nearly 5000 BTC have been sold.

According to BitMEX Research data, on February 21, all Bitcoin ETFs had a net outflow of $35.7 million.

Fred Thiel, the chairman of listed mining company Marathon Digital Holdings, discussed why he thinks a Bitcoin ETF is good for the cryptocurrency market and stated that he expects the performance of a Bitcoin ETF to be similar to that of gold as it matures, bringing "a lot of liquidity" to the market.

Last week, Bitcoin investment vehicles received over $700 million in new funds, with inflows to new spot Bitcoin ETFs offsetting the outflows from Grayscale's GBTC. BlackRock's IBTC and Fidelity's FBTC were the clear leaders among the newly issued spot Bitcoin ETFs, receiving $884 million and $674 million in weekly inflows, respectively. Meanwhile, investors withdrew $927 million from GBTC, a significant drop from the previous week's $2.2 billion. The new Bitcoin ETFs have amassed $7.7 billion in funds, more than offsetting the $6 billion outflows from incumbents.

ETF Store President Nate Geraci stated on social media that Facebook and Instagram may soon allow advertising for spot Bitcoin ETFs.

A document submitted by the US Securities and Exchange Commission on January 30th showed that Cboe BZX Exchange submitted a notice of withdrawal on January 26th. Global X, which applied for the first US Bitcoin ETF in 2021, became the first company to abandon its plan after the SEC approved 11 applications earlier this month.

The demand for Bitcoin futures has decreased since the launch of spot Bitcoin ETFs earlier this year. CME Group Bitcoin futures open interest has dropped by 24% since the introduction of 10 spot Bitcoin ETFs three weeks ago. The decline in open interest is due to the availability of spot ETFs serving a similar purpose. However, CME Bitcoin futures remain crucial, highly liquid components of the crypto market and can serve as hedging tools for authorized participants involved in managing the creation and redemption of ETF units. The introduction of spot Bitcoin ETFs has reshaped the market landscape, with the well-established Grayscale fund transitioning to an ETF format and experiencing a shift in shares.

Bitwise has released updated position data. As of January 29, 2024, its Bitcoin exchange-traded fund BITB holds 14,039.54 BTC, with a market value of $605,018,939.31. The current circulating shares of BITB are 25.75 million, with each share holding approximately 0.000545 BTC.