Bitsgap blog

BTC ETF Inflows Surge, TRON Teases Big News, and More

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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.

BTC Inflow since last month.

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.

Tether has attracted US Government action 19 times

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.

Bollinger Bands in BTC

 Analysts note a tightening of Bollinger Bands in BTC, often signaling major price moves ahead.

BTC price moves

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!