Global #spot Bitcoin ETFs

The Internal Revenue Service (IRS) has announced a new mandatory reporting system for digital asset transactions, set to take effect in 2025.

On October 14, the United States saw its largest inflow day for spot Bitcoin exchange-traded funds (ETFs) in over four months, with more than half a billion dollars flowing into the market.

The Financial Services Commission (FSC) of South Korea is set to reevaluate its long-standing ban on local spot exchange-traded funds (ETFs) and institutional accounts on cryptocurrency exchanges.

As of October 5, data from Bitcoin Magazine reveals that various funds are now managing over 911,000 BTC, signaling a significant uptick in institutional interest in the cryptocurrency.

U.S. spot Bitcoin exchange-traded funds (ETFs) faced a notable setback on Wednesday, witnessing outflows totaling $91.76 million. This decline marks the continuation of a negative trend, with two consecutive days of net outflows that raise concerns among investors about market sentiment.

On Thursday, spot Bitcoin ETFs recorded impressive daily net inflows of $365.57 million, marking the highest influx since July. Leading this charge were Ark Invest and BlackRock, both of which have played pivotal roles in driving the ongoing rally in the cryptocurrency market, as reported by Sosolvalue data.

As the financial world evolves, a noteworthy trend is emerging: a shift in investment strategies that signals a growing interest in Bitcoin. While artificial intelligence (AI) has been a key player on Wall Street over the past couple of years

The recent approval of both spot Bitcoin and Ethereum ETFs in the United States marked a significant milestone for the mainstream adoption of digital assets and the broader Web3 space.

Despite a recent decline in Bitcoin's price, long-term investors are making a notable move by withdrawing significant amounts of Bitcoin from exchanges.

Grayscale's Bitcoin Mini Trust has seen a substantial increase in assets under management (AUM), surpassing $2 billion to reach approximately $2.03 billion. This trust now holds about 31.9 million BTC and has 359.6 million shares outstanding.

The arrival of Bitcoin ETFs (Exchange-Traded Funds) in January 2024 marked a significant turning point for cryptocurrency investment. These innovative financial instruments offer a regulated and accessible way for mainstream investors to gain exposure to Bitcoin's price movements.

In the past month, cryptocurrency investment products attracted $2 billion in investments, pushing year-to-date inflows over $15 billion. The recent week alone saw $185 million invested.