📉 First Capital Outflow From ETFs in the Last 7 Days
From 10/23 to 10/31, Bitcoin ETFs saw daily inflows of capital, which in total exceeded $3 billion, but yesterday there was an outflow of $54.9 million. A similar picture was observed from 10/11 to 10/21, when after 7 days of inflow there was an outflow. Bitcoin closed the working week below $70 thousand, but the market sentiment remains optimistic and everyone is preparing for a breakout of a new ATH.
💸 CNBC reports that investors are buying up bonds and Bitcoin ahead of the US presidential election.
✖️ Yesterday, two prominent ETF issuers advanced their XRP-based asset initiatives. Grayscale launched trading for its XRP Trust, and 21Shares filed a formal application on XRP ETF.
🤖 Microsoft is making a big bet on AI with a $10 billion deal with CoreWeave.
