The cryptocurrency market witnessed significant developments today, with US spot Bitcoin ETFs experiencing record outflows, the SEC closing its investigation into Uniswap, and CryptoQuant CEO Ki Young Ju forecasting a selective altcoin season in 2025. Here’s a detailed breakdown of today’s top crypto news.
US Spot Bitcoin ETFs See Record $938M Daily Outflow Amid Market Volatility
The 11 US spot Bitcoin exchange-traded funds (ETFs) recorded their largest-ever daily net outflow of $937.9 million on February 25, as Bitcoin struggled to maintain its price above $90,000. This marked a significant shift in investor sentiment, with Bitcoin (BTC) dropping 3.4% over the past 24 hours, hitting a low of $86,140 after reaching an intraday high of over $92,000.
The Fidelity Wise Origin Bitcoin Fund (FBTC) led the outflows with a staggering $344.7 million, followed by BlackRock’s iShares Bitcoin Trust (IBIT) at $164.4 million. Grayscale’s funds also saw substantial withdrawals, with $151.9 million exiting its Grayscale Bitcoin Trust (GBTC) and Bitcoin Mini Trust ETF (BTC).
So far in February, the 11 ETFs have experienced net outflows of $2.4 billion, with only four days of net inflows. This trend highlights growing caution among investors as Bitcoin faces downward pressure.
SEC Ends Investigation into Uniswap: A Major Win for DeFi
In a landmark decision, the US Securities and Exchange Commission (SEC) has reportedly dropped its investigation into Uniswap Labs, the developer behind the leading decentralized exchange (DEX). Uniswap announced the news via a February 25 post on X (formerly Twitter), stating that the SEC concluded its probe without pursuing enforcement action.
This development marks a significant victory for the decentralized finance (DeFi) sector. Uniswap had previously received a Wells notice from the SEC in April 2024 under then-Chair Gary Gensler, signaling potential legal action.
“This is a huge win for DeFi and reaffirms what we’ve always known – that the technology we build is on the right side of the law, and our work is on the right side of history,” Uniswap stated.
The SEC has yet to issue an official statement, but this decision aligns with recent reports of the regulator closing investigations into other crypto firms, including Coinbase, Robinhood Crypto, and OpenSea.
CryptoQuant CEO Predicts Selective Altcoin Season in 2025
Ki Young Ju, founder and CEO of CryptoQuant, shared his insights on the future of altcoins, predicting a selective altcoin season in 2025. In a February 25 post on X, Ju emphasized that while most altcoins may not survive the next market cycle, projects with strong fundamentals and revenue-generating models could outperform the broader market.
“Most altcoins won’t make it,” Ju wrote, adding that the era of indiscriminate price surges across the crypto market is over. He highlighted that cryptocurrencies with potential ETF approvals, robust revenue models, and sustained investor interest are likely to lead the next rally.
This outlook comes as 24% of the top 200 cryptocurrencies have fallen to their lowest levels in over a year, raising concerns about market capitulation. Ju’s analysis suggests that investors should focus on quality over quantity when navigating the altcoin market in the coming years.
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