Thailand has finalized rules for Bitcoin and Ether ETFs starting October 16, allowing trading on its main stock exchange with new investor safeguards.
The funds recorded their second consecutive trading day of withdrawals on Oct. 8, following $484.9 million in net outflows on the previous trading day.
Bitcoin miners are emerging from months of financial pressure as rising BTC prices lift daily industry revenue by 78%. According to CryptoQuant's weekly report shared with CryptoSlate, total daily mining revenue climbed from approximately $27 million at July's lows to as much as $48 million, following Bitcoin's roughly 45% recovery from $58,000 to above $83,000.
About $356 million in ETH positions were liquidated over 24 hours, more than bitcoin despite ether's market value being less than a fifth as large.
Bitcoin recovered from roughly $80,300 as oil prices also retreated after Trump said the United States would not attack Iran before the Nov. 3 midterm elections.
Bitcoin rebounded to $82,000 as Trump ruled out an Iran strike before the midterms, while crypto security experts pushed back on “bunker mode” fears.
Thailand's SEC crypto ETF rules enhance local market access, fostering domestic financial growth and investor protection while reducing reliance on foreign platforms. Thailand's SEC finalizes rules for Bitcoin and Ether ETFs.
Misinterpretations of blockchain data can lead to unfounded market rumors, highlighting the need for careful analysis and verified information. Fidelity's reported $197M Bitcoin sale has no confirmation behind it.
The transfers included 17,733 BTC and 750 WBTC over three days, while Bitcoin fell 6.9% during the same period.
The transfers also included 750 WBTC valued at $62 million. Bitcoin fell 6.9% during the same period.
The transfers covered 17,733 BTC and 750 WBTC over three days as Bitcoin fell 6.9%.
The rules are set to take effect next week, allowing crypto ETFs to trade exclusively on the Stock Exchange of Thailand.