Galaxy Research Director: Net inflow of Bitcoin ETF reached $355 million year to date

Bitcoin ETFs have flowed out nearly $1 billion in the past two weeks, leading to negative performance in October.

[Main Password: Multi platform main force is secretly laying out BTC, what is the direction?] Main funds quietly active, multi-platform moves show subtle game; short-term market may face unique challenges...

The US Department of Justice has reached a deferred prosecution agreement with Roger Ver, who is required to pay a fine of $49.9 million to withdraw fraud and tax evasion charges. Roger Ver bought Bitcoin at a cost of $3 million in 2011 and held at least 131000 bitcoins worth over $70 million when he renounced his US citizenship in 2014. Roger Ver only declared $1.03 million in taxes and underestimated the company's assets. After the US Internal Revenue Service discovered his tax evasion behavior, the tax, fines, and interest were recovered. (Source: US Department of Justice)

The head of Galaxy Research stated on X platform that the net inflow of Bitcoin ETF has remained positive since the beginning of the year, reaching $355 million, and has since turned positive again in September.

Analytics firm Allium said stablecoin payments hit $482 billion this year so far, up 45%, as card spending surges and global payment firms add crypto rails.