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🏆Bitcoin Funds Populate ETF Leaderboard As BTC Tests Record Highs
GM Defiers!
Four Bitcoin ETFs now rank among the top 11 spot commodity exchange-traded funds by assets under management, with BlackRock’s IBIT coming third with a $10 billion AUM. The milestone comes as BTC traded within 5% of its all-time high yesterday.
In other news, sophisticated investors are farming liquid restaking tokens for yield, the number of Ethereum Layer 2 users is at new all-time highs, Runestones is airdropping to Bitcoin ordinals users, and Tron’s fee revenue is at a record level.
Plus, Three Arrows Capital’s founders have resumed spruiking their “Supercycle” thesis on social media.
✍️ In today’s newsletter:
- Bitcoin funds climb ETF rankings
- Institutions farm LRTs
- L2beat host record users
- Ordinals hodlers qualify for airdrop
- Tron’s record revenue
- 3AC says Supercycle theory is still valid
🙏Sponsored
📈 Markets in the last 24 hrs:
| Ticker | Value | 24h |
|---|
| Ticker | Value | 24h |
|---|---|---|
| Bitcoin | $62,7541.10 | % |
| Ethereum | $3,467 1.33 | % |
| Gold | 1st Future$2,087 2.01 | % |
| S&P 500 | 5137.08 0.80 | % |
| Arch Web | 32.86 | -2.35 % |
| Learn more about Arch Indices ,[object Object] | % |
🎬 WATCH
Check out our latest episode of Crypto With Cami recapping all of last week’s hottest headlines. Also watch our podcast with Avery Ching, the co-founder and CTO of Aptos, who discusses the roadmap and controversy surrounding the Layer 1 network developed by former Facebook engineers.
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📈 Bitcoin Funds Climb Commodity ETF Rankings As BlackRock’s AUM Surpasses $10B
Bitcoin ETFs are populating the spot commodity exchange-traded fund leaderboard, with BlackRock’s IBIT ranking third behind the top two gold ETFs and Fidelity’s FBTC coming in fifth behind the top silver ETF. The milestone comes as the crypto markets continue to rally, with BTC trading within 5% of its all-time price yesterday.
🧑🌾 Institutional Investors Are Farming Liquid Restaking Tokens For Yield
In an exclusive interview with The Defiant, the COO of MEV Capital, a delta-neutral crypto asset manager, said it is heavily engaged in liquid restaking farming due to overwhelming demand from clients. The MEV Capital executive said LRTs can be mobilized in DeFi to generate significant yields while also expecting to qualify for upcoming airdrops.
👥 Active Users On Ethereum Layer 2s Surges To New Highs
The number of active users on Ethereum L2s surged to a record high of 3.5 million last week. The milestone was propelled by record activity on ZkSync Era and Linea, but has come at the expense of a spike in Layer 2 transaction fees.
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Stellar Brings Smart Contracts to Mainnet
On Feb. 20, Stellar network validators voted to upgrade Mainnet to Protocol 20, kicking off a new era for the Stellar smart contracts tech stack, which delivers a secure, batteries-included developer experience built to scale and for real-world use.
Getting to this moment has been an incredible journey. For the last two years, the Stellar Development Foundation (SDF) and the Stellar community have discussed, designed, and built new functionality transforming the Stellar network. Join the developers and projects that are building next generation everyday financial services on Stellar.
Learn more about Soroban smart contracts on Stellar
READ MORE: Smart Contracts Are Live on Stellar Mainnet
🪂 Airdrops Arrive On Bitcoin With Ordinals Project Runestones
Runestones is conducting an airdrop for Bitcoin Ordinals users, with more than 112,000 wallets holding inscriptions from at least three collections qualifying for the token. The launch of Runestones coincided with the largest Bitcoin block ever mined on March 3.
💵 Tron Hits All-time High of $2M In Daily Fees
Tron’s daily protocol revenue posted a record high of $2M late last week. Tron is a leading network by stablecoin volume, positioning it as the top network by daily active users.
🌀 Infamous Three Arrows Founders Return to Peddle ‘Supercycle’ Narrative
Kyle Davies and Su Zhu, the founders of Three Arrows Capital, the failed crypto hedge fund, are active again on social media. The duo returned to X to again peddle their infamous “Supercycle” narrative in response to the recent surge in digital asset prices.
🌍 ELSEWHERE
- DeFi poised for major comeback amid Bitcoin’s rally, predict Bernstein analysts (The Block)
- Crypto Stocks Surge as Bitcoin Approaches All-Time Highs (CoinDesk)
- Worldcoin userbase nears 4 million amid global privacy probes (CryptoSlate)
🔥 TRENDING
- Our Most Read Stories This Week: BTC Breaks 60k, UNI Fee Switch, Airdrops Come to Bitcoin, Aptos Interview
- Airdrops Arrive On Bitcoin With Ordinals Project Runestones
- Institutional Investors Are Farming Liquid Restaking Tokens For Yield
- Metis Integrates Chainlink’s Cross-Chain Interoperability Protocol Amid Restaking Push
- Ethereum Ecosystem Continues To Rally Into New Year-To-Date Highs
- Our Most Read Stories This Week: FIL/SOL Integration, UNI Spikes, ETH Burn Rate, STRK Airdrop
- Ondo To Use Blockchains as Middleware to Trade Traditional Securities
- Portal Debuts at Lofty $2.5B Valuation
- UNI Soars 60% On Fee Switch Proposal
- FIL Rockets After Filecoin Integrates With Solana
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