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.
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Solana reaches record highs across major blockchain metrics, while U.S. election outcomes could influence meme coin interest. Robinhood debuts election derivatives trading.
Bitcoin and Ethereum ETFs see strong inflows, a $20M Bitcoin hack targets the US government, and new crypto regulations emerge in Pennsylvania and South Korea.
On October 21, spot BTC ETFs experienced a net inflow of $294.3M, up from $273.7M the previous session. Meanwhile, ETH ETFs saw a net outflow of -$20.8M, contrasting with the previous inflow of $1.9M, according to Farside data.
Forbes predicts Bitcoin’s market cap may reach $100 trillion if adoption rates persist. Meanwhile, SEC approves BTC ETF options, and meme coin hype reaches new highs.
Bitcoin ETPs saw their largest weekly inflows since July, totaling $1.74 billion. Ether also recorded significant gains, with $48.4 million in inflows.
Bitcoin continues to trade above its 50-day moving average, signaling a key support level. Traders are closely monitoring for a breakout or pullback as volatility lingers.
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