The market this morning

Spot Bitcoin ETFs shed $484.9 million in a day as crypto majors close October 8 in the red

By Crypto Info News

Good morning. Investors pulled $484.9 million out of spot Bitcoin ETFs in a single day, Decrypt reported, calling it the worst outflow since June. Decrypt noted the move came against a macro backdrop it described as oil near $100, bond yields at their highest since 2002, and a Federal Reserve it said is not done hiking.

The majors closed lower. Bitcoin ended the day at $81,685.88692243936, down 1.916569716337645% over 24 hours. Ether closed at $2,472.7266584392723, down 3.9057617544598013%. BNB fell 4.749866252869549% to $735.3774241016492 and XRP eased 2.924734032516942% to $1.3792568329721095. The dollar stablecoins held near their pegs: Tether at $0.999295279488782 and USD Coin at $0.9996220077805608.

The institutional picture read in more than one direction. The Block reported that JPMorgan analysts estimate around $50 billion has flowed into digital assets this year, equal to an annualized pace of $66 billion. On Strategy, The Block reported that TD Cowen kept a $260 price target, saying dilution limits the benefit of higher bitcoin forecasts.

Tokenization of traditional assets was a recurring theme. CoinDesk reported that research firm Citrini sees tokenized stocks, bonds and loans creating new markets, with fee-generating platforms positioned to benefit. Cointelegraph reported that Securitize stock jumped over 10% after launching tokenized shares of 12 U.S. companies on Solana, with dividend and voting rights. Decrypt reported that Solana firms Orca and Loopscale will merge as Formation, a New York company.

On policy, CoinDesk reported that Senator Richard Blumenthal is examining Tether's U.S. financial partnership with Cantor Fitzgerald. In Asia, Cointelegraph reported a 43-fold surge in China's peer-to-peer stablecoin wallets despite bans, and put South Korea's crypto economy at $450 billion; The Block published a Korea country profile in its 2026 competitiveness index.

In technology, Decrypt reported that Ethereum's Sepolia test network activated Glamsterdam on October 6 with a block gas limit near 200 million, over three times mainnet's 60 million, and that Vitalik Buterin argued encryption must be both quantum- and AI-resistant. Decrypt also reported that 100.02 BTC mined in July 2010, worth about $8.3 million, moved after 16 years, with nothing identifying the owner. Cointelegraph reported Netflix released a trailer for a series based on FTX's Sam Bankman-Fried and Caroline Ellison.