Global #Bitcoin ETFs

As the cryptocurrency market faces a broader downturn, Bitcoin exchange-traded funds (ETFs) are not escaping the prevailing trends. Recent reports from Farside Investors indicate that BTC ETFs experienced substantial outflows of $52.9 million on October 2

On September 27, the US spot Bitcoin ETF market experienced a remarkable surge, registering an inflow of $494.27 million. This influx marks the seventh consecutive bullish day for Bitcoin ETFs, indicating a strong resurgence of investor confidence in the cryptocurrency market.

The Stacks (STX) token, associated with the Bitcoin-focused layer-2 smart contract platform, has seen a remarkable rally in recent days, soaring approximately 30% over the last week.

The U.S. Securities and Exchange Commission (SEC) has postponed its decision on proposed rule changes that would permit options trading for spot Ethereum exchange-traded funds (ETFs).

On September 20, a significant milestone was achieved with the SEC's approval of options trading for BlackRock's spot Bitcoin ETF, trading under the ticker IBIT on Nasdaq.

Ether (ETH) has shown resilience, rising 2.5% in the past 24 hours to trade at approximately $2,434. A significant factor in this upward movement is the cryptocurrency's robust support at the 200-week simple moving average (SMA), currently positioned at $2,298.