Category · 5 stories
Regulation
Bitcoin and Ether ETFs Bleed Outflows as Hawkish Fed Talk Tests $83,000 Ahead of CPI
US spot Bitcoin and Ether ETFs both posted net outflows on October 12, while Cleveland Fed President Beth Hammack argued for a restrictive policy stance. Bitcoin dipped below $81,000 before recovering to the $83,000 area as traders turned to bank earnings and Wednesday's CPI report.
Wall Street Goes Onchain as Weak Jobs Data Lifts Bitcoin
OKX and NYSE owner ICE have filed with the SEC to launch a 24/7 tokenized stock venue, while a weak US jobs report has cooled Fed hike bets and kept Bitcoin near $86,000. Here is what both stories mean for US markets.
Bitcoin Climbs Toward $87,000 as Weak Jobs Data Meets a New SEC Custody Proposal
Bitcoin rallied to around $86,700 after the U.S. added just 29,000 jobs in September, while the SEC proposed a custody framework that would let investment advisers and regulated funds hold crypto assets.
Bitcoin Stalls Near $84,000 After Best Quarter Since 2024 as Illinois Agrees to Delay Crypto Tax
Bitcoin ended a 40% quarter flat near $84,000 as soft US inflation data failed to overcome high Treasury yields, while Illinois agreed to postpone its first-in-the-nation 0.2% crypto tax until July 1.
US Regulators and Wall Street Deepen Crypto Ties as Block Seeks Bank Charter and XRP ETFs Draw Institutional Money
Block applies for a federal trust bank charter to expand Bitcoin and stablecoin custody, while Charles Schwab and other major institutions disclose growing exposure to XRP ETFs, which have now pulled in $1.8 billion since launch.