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Bitcoin ETFs Add $2.7B in ‘Uptober’ Despite Tariff Fears

US spot Bitcoin ETFs demonstrated impressive performance in October, securing $2.71 billion in weekly inflows amid market fluctuations caused by President Trump's tariff announcement on Chinese imports. Despite a brief outflow in response to the tariff news, institutional interest remains high, with total assets under management for Bitcoin ETFs reaching approximately $158.96 billion, nearly 7% of Bitcoin's total market capitalization. Notably, Monday saw the largest single-day inflow of $1.21 billion since the inception of these ETFs, followed by strong inflows of $875.61 million on Tuesday. Leading the market was BlackRock’s IBIT, which recorded $74.2 million in daily inflows, while Fidelity’s FBTC and Grayscale’s GBTC experienced outflows. Analysts view the recent surge in applications, with 31 submissions to the SEC over the past two months, as indicative of a potential surge in crypto ETFs, reflecting increased institutional adoption in the sector.

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Gold-Backed Tokens Hold Firm in $19B Crypto Rout, But Rally May Be Near Exhaustion

In a recent crypto market downturn where major coins like bitcoin and ether saw significant declines, gold-backed digital assets like Paxos’ PAXG and Tether’s XAUT remained relatively stable. These tokens, tied to physical gold, provided a refuge for investors, posting over 50% gains year-to-date, reflective of gold's

Galaxy Digital Raises $460M to Build Texas AI Data Center

Galaxy Digital, led by Mike Novogratz, has raised $460 million through a private investment to transform its former Bitcoin mining operation in Texas into a large-scale AI data center. The investment, made by one of the world's largest asset managers, will fund the expansion of the Helios campus,

Bitcoin wobbles at $110K as trader says $20B liquidation rout not 'bottom'

Bitcoin remained near three-week lows following a record $20 billion liquidation event, spurring cautions that the market bottom is still not reached. Pressure on the $110,000 support level persisted, with Bitcoin (BTC) and altcoins impacted significantly by this unprecedented liquidation event. Traders indicated an ongoing cleanse of market exuberance

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