1. ETH falls below $3,100

According to a research report by Grayscale, tokenization refers to registering ownership of assets on the blockchain infrastructure. Assets can benefit from the functionality of the blockchain in the form of tokenization, including more efficient settlement and the ability to interact with smart contracts. In most cases, modern financial systems are already quite efficient, and tokenization itself may not immediately lead to efficiency gains. Instead, we believe the main benefits may come from integrating users, assets, and applications into a common global platform. From the perspective of the crypto market, while various assets may benefit from the trend of tokenization, the most promising assets may be protocols that can provide a universal global platform. Currently, Grayscale research believes that the Ethereum blockchain is most likely to achieve this goal in the future. In addition, the report states that the first application of tokenization technology is stablecoins, which tokenize the simplest and most liquid asset: cash. Following stablecoins, the next tokenized asset to be widely adopted is gold. The latest wave of tokenization is mainly concentrated in two different markets: US government bonds and closely related assets, as well as credit products.

According to Arkham data monitoring, the grayscale address transferred about 411 BTC to Coinbase Prime last night, and about 14 hours ago transferred 1003 BTC to Coinbase Prime address again, worth about $64.18 million.

Official data from Grayscale shows that as of April 26th local time, GBTC's Bitcoin holdings have fallen below the 300,000 BTC mark to 298,445.4699 BTC, a decrease of approximately 2,167 BTC from the previous day. Additionally, GBTC's assets under management (non-GAAP) have decreased to $19,052,609,573.56, and its circulating shares have decreased to 335,190,100.

Farside Investors data shows that since the launch of the spot Bitcoin ETF, GBTC has accumulated a net outflow of 17.1022 billion US dollars. According to Coinglass data, GBTC's asset management scale has dropped to 19.443 billion US dollars.

1. Ordinals’ cumulative fee income exceeds 6,700 BTC, an increase of approximately $80 million in the past three days

Official data from Grayscale shows that as of April 19th, GBTC holds 304,970.433 BTC. In addition, GBTC's assets under management (non-GAAP) are $19,614,091,057.16, with circulating shares of 342,420,100.

According to data monitored by Arkham, Grayscale transferred about 1202 BTC to Coinbase and Coinbase Prime this morning. The data shows that Grayscale transferred about 1050 BTC to Coinbase about 9 hours ago, worth about $66.96 million, and then transferred about 151.416 BTC to Coinbase Prime about 7 hours ago, worth about $9.76 million.

Official data from Grayscale shows that as of April 12th local time, GBTC held 314,145.2013 BTC, a decrease of about 1785.816 from the previous trading day. GBTC's asset management scale (non-GAAP) is $21,006,980,711.46, with circulating shares of 352,620,100.

Grayscale CEO Michael Sonnenshein stated that the fees for Grayscale's flagship Bitcoin ETF will be reduced. Currently, it is the highest among all US spot Bitcoin ETFs, but it will only be lowered when these products "begin to mature."