As of March 12, Ethereum spot ETFs recorded a total net inflow of $57.012 million on March 11, 2023, in Eastern Time, with all nine ETFs experiencing no net outflows. Among them, the Fidelity ETF had the highest net inflow at $19.1332 million, with a total net inflow of $2.333 billion. Grayscale Ethereum Mini Trust ETF followed, with a single-day net inflow of $19.0788 million and a total net inflow of $1.842 billion. Currently, the total net asset value of Ethereum spot ETFs is $11.85 billion, with a net asset ratio of 4.75%.

Gate News bot message: According to the latest Gate TradFi data, USDZAR has risen 0.5% in the short term, with current volatility significantly higher than recent average levels, indicating increased market activity.

Gate DEX will launch the USDD staking campaign from March 12 to April 11. Users can earn 5% APY and an additional 20,000 USDD rewards through USDD Earn staking, with rewards settled daily. The platform is scheduled to launch in 2025 and will support multiple token staking.

Gate News Report, March 12 — According to Gate Market Data, as of press time, GTC (Gitcoin) is trading at $0.11, up 34.89% in the past 24 hours, reaching a high of $0.12 and a low of $0.08. The 24-hour trading volume is $6.1 million. The current market cap is approximately $9.95 million, an increase of $2.57 million from yesterday. Gitcoin is an authoritative reference library for the Ethereum funding ecosystem, focusing on providing reliable directories and reference resources for the funding mechanisms, platforms, case studies, and research of the next-generation internet. The platform integrates contemporary trends such as crowdfunding, AI, Ethereum, open-source software, stablecoins, decentralized networks, participatory budgeting, and 21st-century collective action. Gitcoin offers users over 120 case studies.

SEC Chairman Paul Atkins stated in a podcast that distributed ledger technology can enable T+0 settlement and improve the efficiency of financial services, but caution is needed regarding fraud risks. He mentioned liquidity and the applicability challenges in traditional markets, emphasized that tokenized securities must comply with federal securities laws, and pointed out that the SEC is coordinating regulatory responsibilities with the CFTC.

Gate News Report, March 12 — According to Gate Market Data, as of press time, AVNT (Avantis) is trading at $0.18, up 24.13% in the past 24 hours. The highest price reached $0.20, while the lowest dropped to $0.15. The 24-hour trading volume is $101 million. The current market capitalization is approximately $58.6 million, an increase of $11.4 million from yesterday. AVNT is the native utility and governance token of Avantis. Avantis is the largest derivatives exchange on Base, focusing on RWA and crypto asset trading, offering a global market and unlimited leverage trading experience. Users can trade cryptocurrencies, forex, metals, commodities, indices, and other assets directly from their wallets. The AVNT token is used for protocol incentives, trader rewards, and community-driven development.

Gate News Report, March 12 — According to Gate Market Data, as of press time, MMT (Momentum) is currently priced at $0.15, up 27.37% in the past 24 hours. The highest price reached $0.15, while the lowest dropped to $0.11. The 24-hour trading volume is $28 million. The current market capitalization is approximately $30.7 million, an increase of $6.6 million from yesterday. Momentum is a financial operating system built for the tokenized future, supporting the new era of global finance by tokenizing assets and enabling seamless connection and trading within a single platform. The platform’s core products include Momentum DEX (the core exchange of the Move ecosystem, providing deep liquidity and low fees for trading on Sui), automated yield Vaults, and capital-efficient liquid staking.

Patrick Witt, Executive Director of the U.S. President's Digital Asset Advisory Committee, stated that stablecoins compliant with the GENIUS Act will bring deposit inflows to the U.S. banking system, rather than outflows as warned by the banking industry. He mentioned the huge global demand for the US dollar and the provision in the bill that prohibits stablecoin issuers from engaging in bank-like lending.

Gate News bot message, according to the latest Gate TradFi data, VIX has risen by 4.5% in the short term, and the current volatility is significantly higher than the recent average level, indicating increased market activity.

Gate News bot message, trader 0x985f deposited another 4M $USDC into Hyperliquid 45 minutes ago to continue shorting oil. The trader now holds approximately $35M in xyz:CL and xyz:BRENTOIL short positions, and is currently down $1.87M.