Crypto Markets See Major Inflows and Record Lows Amid Market Volatility

Bitcoin spot ETFs saw significant inflows of $4.89 million in net inflows, led by BlackRock's IBIT with a daily net inflow of $50.20 million.

The total historical net inflow for the Bitcoin spot ETF has reached $61.17 billion, while the total net asset value stands at $77.46 billion and the ETF net asset ratio is 6.06%.

Ravencoin fell to a record low of $0.002754 after an exploited consensus vulnerability raised concerns about invalid blocks being accepted by nodes.

Bitwise Asset Management cut its workforce by 14%, reducing its global team to around 155 employees, while CEO Hunter Horsley stated that the layoffs position the company well for growth in a downturned crypto market.