Bitcoin ETF Sees $203 Million Net Outflow in October

Bitcoin ETFs have experienced a net outflow of $203 million as of October so far. The Polymarket US app launched a cryptocurrency price prediction market within five minutes of its release. US Treasury Secretary Janet Yellen stated that they will advance the cryptocurrency regulatory framework with the actions of the SEC and CFTC. Robinhood reported third-quarter revenue of $1.42 billion, with cryptocurrency revenue amounting to $120 million. VanEck has launched a multi-asset ETF, WBMO, targeting a 2% allocation to Bitcoin. Bank of New York Mellon supports the custody of XRP and RLUSD and is exploring tokenized trade finance with Ripple. Binance reported that it prevented multiple North Korea-related hacking attempts in the past week, with no asset losses incurred. The probability of the Federal Reserve maintaining interest rates unchanged in October is currently reported at 88.4%, with the FOMC set to announce its interest rate decision early Thursday morning.

This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.