BTC ETF Inflows Surge, TRON Teases Big News, and More
Institutional demand for BTC grows as ETF inflows reach $870.1M on October 29, while ETH ETFs bounce back with a $7.6M gain. BlackRock's CEO calls BTC "digital gold," and Binance expands VIP services with Binance Wealth. Catch up on today’s top crypto headlines.
October 29 saw BTC ETF inflows hit $870.1M, signaling strong institutional interest. ETH ETFs reversed previous outflows with a $7.6M inflow. Binance launched its Wealth platform for VIPs, while BlackRock’s CEO endorsed BTC as "digital gold." More market-moving updates inside.
October 29 saw a net inflow of $870.1 million into spot BTC ETFs, up from $479.4 million in the previous session. Spot ETH ETFs recorded an inflow of $7.6 million, reversing a $1.1 million outflow from the previous session, per Farside.
Binance launched Binance Wealth for VIP clients, with an initial focus on Asia and Latin America.
BlackRock CEO: "BTC is becoming the digital equivalent of gold."
Justin Sun is preparing to announce major news related to the TRON network soon.
Tether issued another $1 billion in USDT.
OKX Ventures invested $10 million in TON.
Florida’s Chief Financial Officer supports a strategic BTC reserve in the U.S., calling it “digital gold” and opposing the launch of a global CBDC.
MicroStrategy shares continue to set records, growing faster this year than BTC itself, with unrealized BTC investment gains now reaching $8.4 billion.
BTC ETF inflows have surged significantly as the U.S. election approaches, according to Bloomberg.
Analysts note a tightening of Bollinger Bands in BTC, often signaling major price moves ahead.
BTC = 80k$ already predicted by many traders.
Nomura warns that markets are mostly Trump-focused, but a surprise shift in favor of Harris could occur.
DYdX CEO Giuliano has cut 35% of the staff, promising a “turning point” for the company.
ConsenSys (Ethereum and MetaMask developer) plans to reduce its workforce by 20%.
BCG forecasts the tokenized real-world asset (RWA) market could reach $600 billion within the next five years.
Top Gainers: MKR, SUI, OM, LINK, ENA
Have a nice trading day!
