The total amount of Bitcoin staked in Babylon has exceeded the total net inflow of ARKB
According to the official Babylon website and Farside Investors monitoring data, the total amount of Bitcoin pledged by Babylon is 50986.3 BTC, equivalent to approximately $5.38 billion USD. The historical net inflow of ARKB, a Bitcoin spot ETF managed by Ark Invest and 21Shares, is $2.679 billion USD.
The Total Value Locked (TVL) in Bitcoin pledges by Babylon has exceeded the historical total net inflow of ARKB. At the same time, there are 143 blocks left until the end of Babylon Cap-3 pledge, which is expected to conclude within 24 hours.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Trending news
MoreUS Office of the Comptroller of the Currency: Investigation finds that large banks still refuse to provide services to legitimate crypto businesses
The Hong Kong Securities Association and the Securities and Futures Commission exchange views on virtual assets and new financial products, aiming to clarify the role of market makers.
Crypto prices
More
