Prop firm news

The dip was bought: all 17 inflow leaders are equity funds, $1.28 billion left Bitcoin ETFs

Over the past five trading days, exchange-traded funds (ETFs - a fund that trades on an exchange like a regular stock) took in an average of about $12 billion per day. The money went into stocks, while Bitcoin funds were losing capital at the same time.

Daily inflows into Bitcoin ETFs reached $526.7 million - the highest since late September

On Monday, October 19, US exchange-traded funds on Bitcoin (funds through which institutions buy the asset like a regular stock on an exchange) attracted $526.7 million - the best daily inflow in almost a month. Almost the entire volume went into a single BlackRock fund.

In a week, $1.25 billion was withdrawn from US spot ETFs on Bitcoin, Ethereum, and Solana

In the week through October 9, investors withdrew about $1.246 billion from US spot ETFs on Bitcoin, Ethereum, and Solana. A week earlier, these same products recorded net capital inflows.