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SOTM Jan 18-24, 2024
Welcome to our 156th issue of State of the Market, where we provide an overview of crypto market activity from January 18 - 24, 2024. This week in crypto markets: Bitwise becomes the first ETF issuer to disclose their on-chain Bitcoin address, [...]
Tether’s Ascent: Breaking Down the Dominant Stablecoin’s Growth
In this week’s issue of Coin Metrics’ State of the Network, we delve into Tether’s recent all-time highs, exploring its primary avenues of growth, adoption, and the nature of its usage and reserve holdings to gain a holistic understanding of the stablecoin [...]
SOTM Jan 11-17, 2024
Welcome to our 155th issue of State of the Market, where we provide an overview of crypto market activity from January 11 - 17, 2024. Bitcoin spot ETFs see an aggregate $900M+ in net inflows, even when including a ~$500M outflow from [...]
A Short Guide to Bitcoin On-Chain Data for ETF Newcomers
In this edition of State of the Network, we turn our attention to the cohort of ETF newcomers now taking a closer look at bitcoin. Our focus is to introduce or reacquaint some to the field of on-chain data, underscoring the [...]
SOTM Jan 4-10, 2024
Welcome to our 154th issue of State of the Market, where we provide an overview of crypto market activity from January 4 - 10, 2024. The SEC approves 11 spot Bitcoin ETFs, with Chair Gary Gensler casting the deciding vote to accept [...]
Market Structure on the Cusp of Spot Bitcoin ETFs
In this issue of Coin Metrics’ State of the Network, we delve into the digital asset market structure and examine dynamics leading us into this exciting chapter.
SOTM Dec 28-Jan 3, 2024
Welcome to our 153rd issue of State of the Market, where we provide an overview of crypto market activity from December 28 - January 3, 2024. On Bitcoin's 15th birthday, investors anticipate imminent ETF approval, with Goldman Sachs & JP Morgan entering [...]
AARK Indexes Announcement
Index Announcement for: AARKUSDC AARKBTC AARKETH AARKMATIC Coin Metrics announces after extensive investigation and attempted solutions, we have not yet been successful in maintaining a persistent connection with Bybit’s market data. Thus, we can no longer ensure the quality of [...]
State of the Network’s 2024 Crypto Outlook
Digital assets rebounded sharply in 2023 as market conditions improved across the board and institutional interest accelerated alongside the impending launch of a spot Bitcoin ETF. Looking to 2024, there are a number of important developments on the horizon. In [...]
SOTM Dec 21-27, 2023
Welcome to our 152nd issue of State of the Market, where we provide an overview of crypto market activity from December 21 - 27, 2023. New York grants Paxos approval to offer stablecoins on Solana, while FINRA permits Prometheum to offer [...]