Cryptocurrency
Why Zero Flows for Spot Bitcoin ETFs Don’t Really Matter

Preliminary data from Farside Investors revealed that four of the new spot Bitcoin ETFs had another day of zero flows on April 16.
These were Bitwise (BITB), Invesco Galaxy (BTCO), WisdomTree (BTCW), and Hashdex (DEFI).
Additionally, Grayscale’s GBTC and ARK 21Shares’ ARKB had outflows of $79.4 million and $12.9 million respectively.
Nevertheless, Bloomberg ETF analyst James Seyffart said this was perfectly normal.
To all those people emailing us, saying we have a bug, because that many flows cannot be zero and its too much of a coincidence. See this thread from @JSeyff
Bitcoiners clearly do not understand ETFs, we are so early… https://t.co/aLhTiJX3IS
— Farside Investors (@FarsideUK) April 16, 2024
Why Zeros Don’t Matter
On April 16, Seyffart said that on any given day, the vast majority of ETFs will have a flow number of zero, adding that “this is very normal.”
He said that there are around 3,500 ETFs in the US, and on April 15, 2,903 of them had a flow of exactly zero. Moreover, nine of the newly launched eleven spot Bitcoin ETFs, including Fidelity (FBTC), had a flow of zero that day.
He explained that shares are produced or destroyed in creation units, which only happens when there is a mismatch in supply and demand.
“That mismatch has to be large enough to justify tapping the underlying market,” and a bigger mismatch than a creation unit, he added.
Moreover, creation units are the lots that ETF shares are created and redeemed in. Every ETF can have different-sized creation units. In the case of the spot Bitcoin ETFs, they are blocks of shares ranging from 5,000 to 50,000 shares, he said.
“A creation or redemption will only happen if there is a large enough mismatch in supply and demand AND the cost to make a market by doing that creation or redemption is lower than simply hedging and making markets the old fashioned way.”
Okay too many questions about #Bitcoin ETFs and zero flows — a few quick thoughts:
1. On any given day, the vast majority of ETFs will have a flow number of ZERO — this is very normal. There are ~3,500 ETFs in the US. Yesterday 2,903 of them had a flow of exactly zero
— James Seyffart (@JSeyff) April 16, 2024
Third Day of Outflows
Minor mismatches will see the market makers handle trading of shares just like they would a stock, Seyffart explained. However, “it needs to be lopsided and more than a creation unit in either direction for market makers to tap the underlying market,” he added.
Therefore, when these mismatches are large enough, there will be significant inflows or outflows of the underlying asset, and when they are too small, there will be zeros.
Nevertheless, April 16 was the third trading day in a row with an outflow as a net aggregate of $58 million left spot Bitcoin ETFs. This was due to a tiny inflow of $25.8 million for BlackRock (IBIT) and outflows from GBTC and ARKB.
The underlying asset, BTC, recovered marginally, briefly reclaiming $64,000 during the Wednesday Asian trading session, but slipped in the following hours.
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Cryptocurrency
3 Months Post-Launch: Nexchain’s AI-Powered Blockchain Gains Traction as One of the Best Presale Cryptos in 2025

Nexchain is leading the next wave of blockchain innovation by integrating artificial intelligence directly into its core architecture. Launched as the world’s first AI-powered blockchain platform, Nexchain aims to solve long-standing challenges in speed, scalability, and decentralization.
At the heart of this ecosystem is the NEX token, now in an active presale in stage 14. Whether it’s powering AI services, enabling lightning-fast smart contract execution, or connecting dApps across multiple blockchains, Nexchain sets a new benchmark for what Web3 platforms can achieve.
With a successful presale already underway, Nexchain is quickly trying to position itself as one of the best crypto presales in 2025.
Nexchain Brings AI to the Blockchain World
Nexchain is the first AI-powered blockchain platform that leverages machine learning to deliver lightning-fast, highly secure, and adaptable network operations. Built to overcome the limitations of traditional blockchain systems, Nexchain introduces a hybrid consensus model that merges Proof-of-Stake with AI algorithms. This combination ensures real-time optimization, network stability, and maximum efficiency for every transaction and smart contract.
One of Nexchain’s defining features is its unmatched transaction throughput—up to 400,000 transactions per second. This speed is achieved through parallel processing and predictive resource allocation, allowing for instant transfers even under heavy network load. It positions Nexchain as a go-to platform for DeFi, gaming, and AI-based decentralized applications.
Another core advantage is Nexchain’s low fees. Thanks to its energy-efficient architecture and AI-enhanced operations, the platform offers transaction costs as low as $0.001. This makes it accessible to users and developers across all markets.
Finally, Nexchain supports true interoperability. Through cross-chain bridges and seamless blockchain integrations, Nexchain enables developers to create dApps that connect across multiple networks.
From Ethereum to Solana, Nexchain ensures fluid communication and asset transfer across platforms. Combined, these features make Nexchain a powerful, future-ready platform that aligns AI with decentralized finance and development.
NEX Token Presale Gains Momentum
The NEX token is the engine that powers the entire Nexchain ecosystem. Currently priced at $0.054, it has entered its 13th stage of presale and has already raised $2.6 million. This steady fundraising success reflects strong investor confidence in Nexchain’s AI-powered blockchain vision.
NEX serves multiple functions within the platform. It is used to pay transaction fees, stake in the network’s hybrid consensus mechanism, access AI services, and participate in decentralized governance. Token holders can vote on proposals and upgrades and even influence how resources are allocated within the platform, empowering the community from the ground up.
With each presale stage, the token’s price increases, potentially rewarding early adopters and encouraging long-term participation. Given its technical capabilities and real-world utility, NEX is more than just a token—it’s a core component of a scalable, intelligent blockchain network.
As demand for AI-integrated solutions grows, the team behind Nexchain is attempting to position its fundraise as one of the top crypto presale opportunities of 2025.
Nexchain Emerges as a Top Crypto Presale for 2025
With over $2.6 million raised and a rapidly growing user base, Nexchain is making a strong case as one of the more interesting presale tokens of 2025. It combines the speed and scalability of advanced blockchain systems with the intelligence and adaptability of artificial intelligence—something few other platforms can offer.
As the NEX token fuels every layer of the network, from staking and governance to smart contract execution and AI service payments, it offers tangible value to holders from day one. Its low transaction fees, ultra-fast performance, and cross-chain capabilities make it highly relevant in today’s fast-evolving crypto economy.
What sets Nexchain apart is its focus on long-term utility, developer support, and community empowerment. Rather than chasing trends, it is building foundational infrastructure for the AI-powered Web3 era. For investors looking for a future-proof crypto project with real-world potential, Nexchain stands out as one of the more interesting projects of the year.
Disclaimer: The above article is sponsored content; it’s written by a third party. CryptoPotato doesn’t endorse or assume responsibility for the content, advertising, products, quality, accuracy, or other materials on this page. Nothing in it should be construed as financial advice. Readers are strongly advised to verify the information independently and carefully before engaging with any company or project mentioned and do their own research. Investing in cryptocurrencies carries a risk of capital loss, and readers are also advised to consult a professional before making any decisions that may or may not be based on the above-sponsored content.
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Cryptocurrency
XRP and DOGE ETFs Face SEC Review Extension as Public Comment Sought

The US Securities and Exchange Commission (SEC) has extended its review timeline for proposed spot cryptocurrency exchange-traded funds (ETFs), tied to XRP and DOGE.
After temporarily halting decisions originally slated for May 21 and 22, the Commission is now seeking public comments on them.
Ruling on XRP, DOGE ETFs
The delay affects the 21Shares Core XRP Trust, Grayscale XRP Trust, and Grayscale Dogecoin Trust. All three aim to offer investors exposure to their respective digital assets via ETF shares backed exclusively by XRP or DOGE, with index tracking and custodial services provided by industry-standard partners such as Coinbase Custody and CoinDesk Indices.
While the SEC has stated that this move does not suggest a leaning toward approval or denial, it is calling for public comments to assess better whether the proposals meet the standards of investor protection and market integrity outlined in the Exchange Act.
In the filings, the agency explained,
“Institution of proceedings is appropriate at this time in view of the legal and policy issues raised by the proposed rule change. The institution of proceedings does not indicate that the Commission has reached any conclusions with respect to any of the issues involved. Rather, the Commission seeks and encourages interested persons to provide comments on the proposed rule change.”
Besides, the agency also postponed a decision on Bitwise’s proposal to allow staking in its Ethereum ETF, continuing a trend of extended timelines as the SEC sifts through an increasing number of crypto-related filings.
ETF Delays Are Routine, Not Surprising
Industry observers, including Bloomberg ETF analyst James Seyffart, weighed in on the SEC’s latest delay and noted that such extensions are routine. According to Seyffart, while several XRP-related products have upcoming review dates, early approvals are unlikely.
He added that the securities watchdog typically uses the full allotted time to evaluate 19b-4 filings, making October the more realistic window for final decisions. Seyffart also said that any approvals before late June or early July would be considered unusual, regardless of the SEC’s current stance toward crypto. In his view, early action, not delays, would be the real deviation from standard regulatory procedure.
Seyffart even went on to say that Litecoin ETF has a “higher likelihood” of getting approved first before all the other crypto ETFs.
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Cryptocurrency
Ethereum Shows No Spike in Network Engagement Despite Successful Pectra Upgrade

It’s been exactly two weeks since Ethereum successfully completed its Pectra upgrade, but the network has yet to feel the impact of the hard fork on user engagement.
According to an analysis by crypto data and insights platform Glassnode, Ethereum has not registered any new or returning users so far. In fact, user engagement has plunged since developers deployed the upgrade.
What Did the Pectra Upgrade Do?
Pectra introduced 11 Ethereum Improvement Proposals (EIPs) geared towards improving user experience and creating a future-proof network. The upgrade brought the execution and consensus layers together after incorporating a range of technical improvements.
Following the success of Petra, traditional crypto wallets, also known as externally owned accounts, now behave like smart contracts, enabling account abstraction. Validators can stake more than 32 ether (ETH) and up to 2,048 ETH, while there is enhanced compatibility between layer-1 and layer-2 chains.
In addition, there are reduced data verification costs for layer-2 rollups, and nodes can verify large data availability without a full download. Users can also sponsor transaction costs and pay gas fees in crypto assets other than ETH.
It is worth mentioning that Pectra was initially scheduled to go live on April 30. However, several technical and finality issues resulted in developers pushing the date forward to May 7.
Ethereum User Engagement is Down
Since Petra went live, the average number of new and resurrected addresses has fallen compared to their year-to-date (YTD) values. New Ethereum addresses have fallen 1.8%, while the resurrected ones have plummeted 8.4%.
However, churned addresses have also declined by 8.5%. Churned addresses refer to wallets that previously held ETH but have reduced their balance to zero. This often happens when more users embrace private crypto storage options. Although Pectra has not brought in new or returning users so far, the plunge in churned addresses raises the question of whether this is part of a broader cycle trend, which remains to be seen.
Meanwhile, Ethereum’s Realized Cap shows a reversal in a downward trend seen in the last three months. Glassnode noted that the metric, which tells the total capital stored in ETH, has risen from $240.8 billion to $244.6 billion since May 7, reflecting a $3.8 billion or 1.6% rise.
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