According to asset management firm Coin Shares’ weekly report, global crypto exchange-traded products (ETPs) recorded approximately $6 billion in net inflows last week. This marked the highest level ever on a single-week basis and brought the total assets under management to a record $254 billion. The main driver behind the strong inflows was Bitcoin (BTC) reaching a new all-time high of $125,750. US-based digital asset products continued to lead with a record net inflow of $5 billion, with $3.55 billion flowing into Bitcoin ETFs alone.
Strategy paused Bitcoin accumulation this week
According to The Block, Strategy CEO Michael Saylor confirmed that the company paused its regular Bitcoin purchases this week. Saylor stated on the X platform, “No new orange dot this week—just $9 billion in unrealized profits reminding us why we should HODL.” Prior to the pause, the company had purchased an additional $22.1 million worth of Bitcoin, bringing its total holdings to 640,031 BTC, valued at approximately $47.35 billion.
Alameda Research wallets still hold $1.2 billion in assets
According to Protos data, despite FTX and its affiliate Alameda Research being in bankruptcy proceedings, Alameda wallets still hold $1.2 billion worth of digital assets. Approximately $1 billion of this is in Solana (SOL). Additionally, FTX’s wallets outside of Alameda hold approximately $600 million worth of crypto assets.
XRP’s market value briefly surpassed BlackRock
According to a report by Finbold based on CoinMarketCap data, XRP’s market value reached $183.4 billion, briefly surpassing the market value of BlackRock (approximately $180 billion), the world’s largest asset manager.
Analysts believe this rise stems from Ripple accelerating its application for a national trust bank license in the US.
Japan’s new prime minister could be a potential catalyst for the crypto market
According to Coin telegraph, Sanae Takaichi’s election as Japan’s prime minister has raised expectations for a rise in risky assets—particularly cryptocurrencies. Takaichi’s “growth-oriented” approach, which includes low interest rates, tax cuts, and expansionary fiscal policies, could increase Japanese investors’ interest in digital assets. The Nikkei index reached record levels after the election. Takaichi had shown a positive attitude towards cryptocurrencies during her tenure as Minister of Internal Affairs.
According to a report by the Financial Times, the European Commission is planning a comprehensive reform that would give the European Securities and Markets Authority (ESMA) direct oversight authority.
This reform will cover stock exchanges, cryptocurrency companies, and clearing houses. ESMA Chair Verena Ross stated that the plan aims to “end fragmentation in European financial markets and increase global competitiveness.” However, small countries such as Luxembourg and Malta oppose the plan on the grounds that it will harm their local financial sectors.
British Bitcoin treasury company The Smarter Web Company plans to raise $16.48 million
According to BitcoinTreasuries.NET data, UK-based The Smarter Web Company plans to launch a new financing round worth $16.48 million.
Publicly traded companies globally purchased $678 million worth of Bitcoin last week
According to SoSoValue data, publicly traded companies, excluding mining companies, purchased a total of $678 million worth of Bitcoin last week. While Strategy did not make any purchases during this period, Japan’s Metaplanet invested $616 million, purchasing 5,268 BTC at an average price of $116,900. Companies such as ANAP, BHODL, and Zooz Power also increased their Bitcoin portfolios. The total Bitcoin holdings of global publicly traded companies reached 864,210 BTC (approximately $107.4 billion), accounting for 4.34% of the circulating supply.
Kaixin Holdings announced its digital asset strategy for BTC and ETH investments
According to Globenewswire, Nasdaq-listed Kaixin Holdings announced that it will begin investing in BTC and ETH as part of its new digital asset treasury strategy. The company also plans to invest in high-value projects in the Web3 space and make strategic acquisitions.
Australia’s Monochrome spot Bitcoin ETF assets reached 1,076 BTC
According to Monochrome’s official statement, the IBTC ETF’s assets rose to 1,076 BTC as of October 3. The fund’s market value exceeded 195 million Australian dollars.
CEX trading volumes fell in September, market activity slowed
According to The Block’s report, spot and derivatives trading volumes on centralized exchanges (CEX) declined in September compared to the previous month. This decline indicates that market sentiment has become cautious, and liquidity has weakened in the absence of major new catalysts.
Long-term bond yields continue to rise as the US government shutdown enters its second week
As the US federal government shutdown enters its second week, long-term US Treasury bond yields are rising. Important economic data such as non-farm payrolls are still not being released due to the government shutdown. However, private sector indicators are showing a mixed picture for employment.
