The daily net flow of Bitcoin ETFs in the U.S. for October 22, 2024, displayed a mixture of gains and losses across various funds. Leading the charge, BlackRock’s Bitcoin ETF (Ticker: IBIT) saw a substantial increase, adding 4,869 BTC to its holdings. This was closely followed by a significant gain for VanEck (Ticker: HODL), which added 339 BTC.

On the other hand, some funds experienced reductions. Bitwise (Ticker: BITB) reported a decrease of 327 BTC, and Invesco Galaxy (Ticker: BTCO) saw a reduction of 80 BTC. Grayscale’s Bitcoin ETF (Ticker: GBTC) also faced a slight outflow, losing 27 BTC.

Despite some losses, the overall market movement was positive, with a total net inflow of 4,770 BTC across all funds, valued at approximately $321.2 million. The day ended with the total Bitcoin holdings of these ETFs reaching 962,564 BTC. This activity reflects the dynamic nature of the U.S. Bitcoin ETF market, with substantial inflows indicating strong investor confidence and strategic portfolio adjustments.

Disclaimer: Market capitalizations and data can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

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The Lightning Network is a revolutionary scaling solution for Bitcoin, enabling fast and inexpensive payments that make everyday transactions with Bitcoin possible. As the network grows, it’s essential to measure its health and efficiency accurately, so we can unlock its full potential.

Traditional metrics like node count, channel count, and capacity have been used to assess the Lightning Network, but they only tell part of the story. To truly understand the performance of this second-layer solution, we need to focus on flow—specifically, Max Flow, a metric with a long history of optimizing complex systems.

Max Flow: The Key to Understanding Lightning’s Health

Max Flow is a powerful…

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Follow Frank on X.

This morning, River announced its Bitcoin Interest on Cash feature through which it will offer a 3.8% interest rate — paid out in bitcoin — on the dollars you leave in the custody of the platform, which is FDIC insured up to $250,000.

This yield is comparable to what you’d earn in a high-yield savings account through an online bank like Ally, but again, you’re earning bitcoin with River.

If you’re like me, a Bitcoin enthusiast who…

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Company Name: Bitaxe

Founders: Skot

Date Founded: Early 2023

Location of Headquarters: North Carolina + remote team

Amount of Bitcoin Held in Treasury: N/A

Number of Employees: ~12 regular contributors

Website: https://bitaxe.org/

Public or Private? Open-source project (not a company)

Bitaxe’s founder, who goes by the nym Skot, has taken his hobby of tinkering with electronics and not only transformed it into a full-time gig but has catalyzed thousands to follow his lead.

Harnessing his training as electrical engineer and his Bitcoin enthusiasm, Skot began deconstructing Bitmain’s Bitcoin mining machines approximately two years ago. After gaining a better understanding of how they work, he…

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“It’s mostly paranoid crypto anarchists that say that.”

With these eight words, issued on the “Markets with Madison” podcast this week, Microstrategy CEO Michael Saylor evoked outrage from just about everyone in Bitcoin. 

Shinobi called him a “spook.” Carvalho was confused. Svetski claimed this will start the next Fork Wars.

Put simply, Saylor said a bad thing. He broke the taboo. He said you’re better off trusting your Bitcoin in state custody than holding your own private keys, then went further, calling out all of the businesses engaged in custody projects by…

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Bitcoin futures trading on the Chicago Mercantile Exchange (CME) has achieved a new peak, with open interest surpassing $12.26 billion as of October 18. This remarkable growth, a 36% increase in just two weeks, not only surpasses the previous record set in April but also signals a robust confidence in Bitcoin’s market prospects. The latest figures mark the highest since early April when the open interest was slightly lower at $11.84 billion.

This surge is a clear indication of heightened activity and interest from institutional investors. With CME being a leading regulated derivatives exchange, it offers the necessary regulatory clarity and structured market that attract hedge funds, asset managers, and other professional investors. The record levels of open interest represent a significant endorsement of Bitcoin’s potential, underlining its growing acceptance and adoption in mainstream financial sectors.

The Block Data