Unique Wealth's Bitcoin ETF strategy highlights evolving investment trends, influencing future asset allocation and ETF market dynamics. Unique Wealth discloses $10.4 million in Bitcoin exposure in latest 13F-HR filing.
MSCI approved rules threatening Strategy's index membership as its shares trade nearly 69% below their peak. On Oct. 15, the global index provider announced that it would adopt a new methodology excluding companies classified as non-operating businesses from its Global Investable Market Indexes.
Bitcoin was quoted at 79,864.4375 Tether (USDT) at 9:55 a.m. ET (13:55 UTC).
The new $SATS instrument is linked to a potential purchase of more than 7,500 BTC.
Bitcoin traded at $82,213 in the snapshot. Binance spot also favored buyers, while Coinbase spot and OKX perpetual markets had more sell orders.
Technical indicators suggest the bullish trend remains intact, but prediction market traders are sending mix signals.
Bitcoin's resilience amid market volatility highlights its potential as a hedge against economic uncertainty and shifting monetary policies. Bitcoin steadies near $82,000 as Warsh declines to signal another Fed hike.
Twist on the Fed! The probability of a rate hike in October collapses from 48% to 13% on Polymarket.
The outflows covered Oct. 5-9. Solana's Alpenglow activation is expected Oct. 21; Chainlink's CCIP 2.0 and Standard Chartered's RLUSD custody service are live.
Santiment said on October 15 that the number of Bitcoin wallets holding between 10 and 10,000 BTC reached a record 20,338 after rising sharply since mid-July. The milestone strengthens attention on Bitcoin whale activity, with large-holder wallet growth continuing despite repeated price volatility and a more defensive trading backdrop.
Despite net outflows, robust trading volume in Bitcoin ETFs suggests resilient investor interest, indicating potential market stability. Bitcoin ETFs trade over $7.5B in a week despite $145M in net selling.
A wallet linked to Hut 8 transferred 1,966 BTC, worth approximately $161 million, to exchanges and other addresses over seven days. On-chain analysts traced the transactions to Coinbase Prime custody wallets, although the transfers do not confirm that the company sold its Bitcoin.