TLDR: Bitcoin ETF’s Negative Net Cash Flow, Grayscale GBTC Liquidates $2B, MakerDAO Introduces Endgame for $DAI, The SEC Launches Campaign Against Ethereum, MANTRA Chain $11M Funding to Drive Tokenization of RWA’s, SOURCE Verified on Osmosis, Solana Memecoin Sector Reach $6B Valuation, Solmedia Announces Integrating with Solana and Filecoin, Avalanche and Alipay+ Team Up, Avalanche Co-Founder Warns on Crypto Integrity, Ark Invest Rebalances Its Investment Portfolio & TON Launches Incentives Program.

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Bitcoin Highlights of the Week

Bitcoin ETF’s Negative Net Cash Flow

The introduction of BTC exchange-traded funds (ETFs) has significantly fueled the recent cryptocurrency surge. Since their launch on January 11th; BTC ETFs have witnessed a net inflow of $11.3B. Naturally, this impacted the BTC price, which in the same period surged from $42,700 to $62,700, marking a 46.8% increase. However, it seems the pumping has halted for now. BTC ETFs have experienced four consecutive days of outflows. Consequently, BTC has seen an 8% decline over the week.

Grayscale GBTC Liquidates $2B 

Its been a challenging week for the BTC ETF’s; in particularly Grayscale. Grayscales’ GBTC sees significant outflows with nearly $2 billion exiting GBTC. This event contributed to a challenging week of overall ETF outflows, yet analysts believe the worst may have passed.

Coinbase Launches Bitcoin Futures

Coinbase Derivatives plans to initiate futures trading for Dogecoin, Litecoin, and Bitcoin Cash starting April 1st. The exchange is utilizing self-certification with the CFTC to expedite listing, ensuring adherence to regulatory standards. These selections likely stem from their derivation from Bitcoin, recognized as a commodity by the SEC.

Pension Funds Diversification into Bitcoin

The largest pension fund in the world, Japan’s Government Pension Investment Fund (GPIF), has begun considering Bitcoin as a potential asset for diversification. With total assets under management exceeding $1.5 trillion, even a modest allocation of 1% to Bitcoin could significantly impact BTC's market price quite significantly. These developments underscore the accelerating institutional adoption of cryptocurrencies.

VanEck Bitcoin ETF Sale Sparks Frenzy

VanEck Bitcoin Trust (HODL) announced a zero-fee policy for its Bitcoin ETF over the next 12 months. This move has led to a twentyfold surge in trading volume compared to their typical average.

Ethereum Highlights of the Week

MakerDAO Introduces Endgame for $DAI

MakerDAO, a leading DeFi platform established in 2014 and known for its stablecoin DAI, has dedicated significant efforts over the past year to streamline its mission and elevate its goals. This they call; The Endgame. The Endgame initiative aims to draw in fresh users and capital to the protocol by broadening its applications and enhancing incentives. This endeavor seeks to enhance DAI’s standing within the industry, boosting its market share to rival centralized stablecoins such as USDT and USDC, while simultaneously decreasing dependency on centralized collateral.

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