Oct 20: Bitcoin ETFs See $500 Million in Inflows
Bitcoin remains near $81,500 as U.S. spot Bitcoin ETFs reportedly record approximately $500 million in net inflows, led by a substantial contribution from BlackRock's IBIT. Matt explains why the $80,000 region remains critical support and what Bitcoin needs to accomplish before a meaningful breakout toward $90,000 becomes possible. Institutional developments dominate today's episode, including BlackRock's proposed downside-buffered Bitcoin investment product, JPMorgan's expansion of JPM Coin onto Ethereum, Strive's additional $100 million Bitcoin purchase, Strategy's continued accumulation…
The skinny
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