Prop firm news

SkyAI sold all of its SOL and allocated $201.3 million to buy back its own securities

SkyAI (formerly Sharps Technology) has completely exited its Solana reserves - more than 2 million SOL - and instead of buying coins, is launching a buyback of shares and warrants worth up to $201.3 million

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.

BitMine has brought its holdings to 6.04 million ETH - nearly 5% of the entire supply

Tom Lee's company bought another 12,535 ETH over the past week and has come close to its stated goal of holding 5% of all existing Ethereum coins on its balance sheet.

JPMorgan has launched its deposit token JPMD on the Ethereum mainnet

On October 19, the largest US bank, JPMorgan Chase, launched its deposit token JPM Coin (JPMD) on the Ethereum mainnet. Access is granted only to the bank's approved institutional clients.

$549 million outflow in a week: spot Ethereum ETF loses money for the third week in a row

US spot exchange-traded funds (ETF - a fund through which an asset is bought like a regular stock on an exchange) lost $549 million over the past week. Outflows from Ethereum funds in October reached $955 million - the worst month of 2026.

In October, more than $1 billion was withdrawn from spot Bitcoin and Ethereum ETFs, BTC holds at $81,200

Since the start of October, investors have pulled more than $1 billion from US spot ETFs (exchange-traded funds through which Bitcoin and Ethereum are bought like an ordinary stock). BTC is trading at $81,266 and is 35.54% below its record high of $126,080.

MSCI drops Strategy and Metaplanet from indices: date - November 30

MSCI (the largest provider of stock indices used by funds managing trillions of dollars) approved a rule on October 15: companies whose balance sheets are dominated by a single asset will lose their place in the MSCI Global Investable Market indices starting November 30, 2026. Bitcoin holders Strategy and Metaplanet are affected

$434 million flowed out of crypto funds in a week after hot US inflation

According to a CoinShares report, crypto asset investment products (exchange-traded funds and trusts through which institutions buy crypto like a stock) lost $434 million in net outflows in the week to October 16. The sell-off accelerated after the October 14 inflation data.

MSCI approved rules under which Strategy could be dropped from the indices

Index provider MSCI has adopted a new methodology for selecting companies: businesses that are essentially a cryptocurrency vault rather than an operating company will undergo a separate review. Strategy (MSTR) is under threat - the largest public holder of Bitcoin in the world.

Three-day decline interrupted: gold price rebounded above $4,150 on a weak dollar

XAU/USD rose to $4,165 at the start of the Asian session on Friday, October 16, ending a three-day losing streak. The trigger was a weaker dollar and a sharp drop in US Treasury yields