#Gate Latest Proof of Reserves Reaches 10.453 Billion Dollars#
Gate has released its latest Proof of Reserves report! As of June 2025, the total value of Gate’s reserves stands at $10.453 billion, covering over 350 types of user assets, with a total reserve ratio of 123.09% and an excess reserve of $1.96 billion.
Currently, BTC, ETH, and USDT are backed by more than 100% reserves. The BTC customer balance is 17,022.60, and Gate’s BTC balance is 23,611.00, with an excess reserve ratio of 38.70%.The ETH customer balance is 386,645.00, and Gate’s ETH balance is 437,127.00, with an excess reserve
Bitcoin ETF inflows are weak, and cumulative growth since the beginning of 2025 has been all but wiped out
Inflows to US Bitcoin spot ETFs have been subdued, with only five days of positive inflows recorded in February and only one day of net inflows so far in March. As a result, the cumulative net inflows of these funds since the beginning of 2025 have been almost completely wiped out, and the total value of assets has fallen by nearly 25% from their highs at the end of January as the price of Bitcoin fell.
Cumulative net inflows in 2025 are almost back to square one
According to SoSoValue, the cumulative net inflow of Bitcoin ETFs now totals $35.2 billion, just $200 million more than the $35 billion on January 2, 2025, the first trading day of the year. In other words, market volatility over the past two months has almost offset the growth in ETFs' inflows.
BRN analyst Valentin Fournier said: "This shows that investors who were initially interested in digital assets have basically completed the layout." During February, several larger Bitcoin ETFs saw significant outflows, weakening market momentum. "Next, ETFs need new market demand or broader market catalysts to reignite inflows," he further noted.
Bitcoin prices recovered and ETF asset values rose briefly
While total inflows into Bitcoin ETFs remain net outflows, the value of total assets under management has recovered recently. Since Tuesday, the price of bitcoin has risen by about 10%, driving the value of assets under management by ETFs to rise in tandem. However, this growth is mainly due to the price movement of Bitcoin itself, not the new inflow of funds from investors.
Asset managers turn to altcoin ETFs
Against the backdrop of weak inflows into Bitcoin ETFs, a number of asset managers are turning their attention to "altcoin ETFs" in search of new market opportunities. Currently, several companies have proposed ETFs that include cryptocurrencies such as Polkadot (DOT), Axelar (AXL), and AVAX (Avalanche).
Market analysts believe that among the many competitors, the ETFs of Litecoin, XRP, Solana (SOL) and Dogecoin are the most likely to receive regulatory approval. If these products are successfully launched, they could bring new liquidity and investment opportunities to the market, further affecting the flow of funds in the crypto market.
The slowdown in inflows into Bitcoin ETFs suggests that investor enthusiasm for the market has cooled, and the future performance of ETFs will depend on whether the market can welcome new demand or external headwinds. In addition, as asset managers compete to launch altcoin ETFs, the future direction of the digital asset market remains to be watched.
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