Signal21 Charts of the Week | May 18, 2024

Hello! It’s been an exciting week in the Bitcoin Economy! Charts of the Week Bitcoin Bitcoin reaches $67,000! Up from $57,000 only a few weeks ago. While spot Bitcoin ETFs continued to show strength. The bitcoin ETFs have put together a solid two weeks with $1.3b in inflows, which offsets the entirety of the negative flows in April- putting them back around high water mark of +$12.3b net since launch. This key number IMO bc it nets out inflows and outflows (which are normal) — Eric Balchunas (@EricBalchunas) May 17, 2024 New 13F filings showed 937 financial firms are holding Bitcoin ETFs in Q1 2024, while just 95 firms hold Gold ETFs. JUST IN: 937 financial firms disclosed spot #Bitcoin ETF holdings in Q1 2024. Gold ETFs had just 95 firms invested in its first quarter. — Watcher.Guru (@WatcherGuru) May 16, 2024 Ordinals Ordinals activity slowed over the last week. Runes Runes daily transaction continue to sit in a general range between 500,000 and 200,000 daily transactions. Explore the Signal21 Bitcoin Layer 1 dashboard . Stacks Snapshot of key Stacks ecosystem tokens: Click to view the live Signal21 Stacks Overview . A new Our Network article about DeFi on Stacks featured Signal21 data. Read the article . Thanks to the rise in BTCFi on @Stacks , the platform hit two major milestones: 📈 85,000+ new accounts in April. 📈 TVL hits ATH of 100M $STX. Read more from @Rick_Sebastiaan : Chart via: @signal21btc & @DefiLlama — OurNetwork 🔎 (@ournetwork__) May 15, 2024 PoX Consensus Stacking rewards (paid in BTC) are elevated as the full Nakamoto upgrade approaches. Zest Zest is back and transactions are up! Explore the Signal21 Zest dashboard . Signal21 Updates It’s been a busy week at Signal21. We continue to onboard more and more data enthusiasts, publish new research and add more Bitcoin data. Signal21 is also expanding into node services in the Bitcoin L2 ecosystem, and is now running a Stacks signer to help support the network. Thank you to everyone for sharing those charts, and being part of the Signal21 Community! Sincerely, Jonathan Sadlowe Co-founder & CEO at Signal21 Powered by beehiiv