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#GateRedBullRacingTour# - 📢 Gate releases its latest Reserve Audit Report!
💰 Total reserves: $10.453B
🟢 Excess reserves: $1.96B — ensuring full coverage and extra security for user assets.
Gate continues to uphold 100% proof-of-reserves and full transparency.
🔗 Read the full report: https://www.gate.com/zh/announcements/article/45617
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- #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
IBIT Records $266M Daily Inflow, Tops $50B Milestone
Blackrock Bitcoin ETF (IBIT) is growing its wings rapidly after culminating Bitcoins in big numbers, recording $266 million inflows on June 16, and it has also hit the $50 billion inflows mark since it was introduced
In the BTC ETF market, IBIT holds around 54% dominance. The data from Trader T reveals that BlackRock’s IBIT took around 2,464 Bitcoins, worth $264 million. Not only this, but it also accumulated a daily trading volume of $2.3 billion in June 16 trading sessions
Currently, the total assets under management for BlackRock’s iShares Bitcoin Trust hovers at $72 billion, holding a major 54% market share from the total Bitcoin ETF AUM size of $131 billion
Other ETFs, such as Fidelity FBTC and Ark Invest’s ARK, witnessed $83 million and $41 million inflows. The Farside Investors’ data reveals that the overall inflows have reached more than $408 million across all issuers
Smashing The Rivals
The data also mentions that BlackRock entirely smashes the competition with its rival, Fidelity’s FBTC, having only $11.6 billion in inflows since its introduction. Spot Bitcoin ETFs have started to witness a new inflow streak, which is also gaining momentum
In the last six trading days, these funds have accumulated $1.8 billion in fresh investments, taking the overall inflows for the year to around $11 billion. This led to gaining momentum of IBIT share with 3.5% gains on the same day
It has also moved past the notable resistance of $60. In the past few weeks, IBIT has witnessed strong trading activity. From the April lows of $44, the stock is so far up by 40% and has crossed $60
Also, if inflows into BlackRock Bitcoin ETF remain positive, the IBIT share price can accumulate further momentum. At the current scenario, the price of Bitcoin is hovering to make a new all-time high anytime, and any such move will further lead to greater institutional inflows in the ETFs
At the press time, BTC is 0.28% down in the past 24 hours and is standing at $106,794. However, the trading volume in 24 hours is 25.63% up and is at $52.1 billion
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