What a surprise! The information in this October 27 crypto market snapshot is somewhat contradictory: Bitcoin ETFs saw net outflows of 2,123 BTC in a single day (about $169 million), while Strive added 6,182 BTC last week. The original article says BTC ETFs still had net inflows of 3,344 BTC over the past seven days; Ethereum ETFs saw single-day net outflows of 6,960 ETH (about $16.07 million) and net outflows of 85,801 ETH (about $198 million) over the past seven days. Daily and weekly fund flows are moving in different directions, so one day of outflows alone is not enough to determine the trend.
As for corporate crypto holdings, Strive disclosed to the U.S. SEC that it bought 6,182 BTC at an average price of about $82,732 between October 17 and 23, bringing its total holdings to 43,000 BTC as of the 23rd. It had $504.4 million in cash and cash equivalents, up $186.9 million from the 16th. Over the same period, its Class A common shares increased by about 3.266 million to approximately 118.1 million. It also holds Strategy STRC preferred shares worth about $50.18 million. BitMNR resumed buybacks after a 10-week pause, spending $45.9 million to repurchase 2.04 million shares, while adding 10,452 ETH to bring its total holdings to 6.05 million ETH, valued at about $14 billion in the original article.
There were also developments in policy and regulation. A group of 109 Israeli economists and business leaders jointly warned Netanyahu against implementing a plan to use cryptocurrency to evade sanctions. The signatories included former Bank of Israel Governor Jacob Frenkel and 2025 Nobel Prize in Economics laureate Joel Mokyr. Netanyahu had previously said Israel should prepare an alternative economic plan in case its banks were sanctioned, and confirmed that cryptocurrency was involved. The Bank of Israel has opposed the idea, and the original article says the country’s election is scheduled for the following day. In the U.S., markets put the probability that the Federal Reserve would leave interest rates unchanged on October 28 at 90.6%—a market expectation, not a decision. CFTC Chair Mike Selig said that while Congress has yet to act, the commission is advancing a path for crypto exchanges to register voluntarily at the federal level.
On institutional participation, Swiss private bank J. Safra Sarasin disclosed that it holds more than $17.5 million worth of Bitcoin. Its assets under management total $42.6 billion. On Ethereum, researcher Toni Wahrstätter said a ChainSecurity report found compatibility and security issues with EIP-8037 and some contracts, prompting core developers to postpone the Glamsterdam upgrade on the Hoodi testnet. The issues include an increase in leftover gas after transaction execution, which could cause gas counter underflow and trigger a revert, as well as some contracts underestimating gas usage. ChainSecurity identified and disclosed 13 real-world cases. Developers will review the affected contracts and assess potential solutions this week, and project teams have also been reminded to check compatibility with EIP-8037 and EIP-8038.
For the market, short-term fund flow data is mixed. Corporate purchases and banks’ disclosures of crypto holdings show that institutional participation continues, but they do not mean prices are certain to rise. The overall outlook is neutral: ETF outflows, corporate purchases, and regulatory developments are pointing in different directions. The Ethereum upgrade delay also means the compatibility issues still need to be addressed; the delay itself should not be interpreted as proof that the problems have been resolved. Which are you watching more closely: ETF fund flows, corporate holdings, or progress on protocol upgrades?
$BTC $ETH
Source: Bitget Blog
As for corporate crypto holdings, Strive disclosed to the U.S. SEC that it bought 6,182 BTC at an average price of about $82,732 between October 17 and 23, bringing its total holdings to 43,000 BTC as of the 23rd. It had $504.4 million in cash and cash equivalents, up $186.9 million from the 16th. Over the same period, its Class A common shares increased by about 3.266 million to approximately 118.1 million. It also holds Strategy STRC preferred shares worth about $50.18 million. BitMNR resumed buybacks after a 10-week pause, spending $45.9 million to repurchase 2.04 million shares, while adding 10,452 ETH to bring its total holdings to 6.05 million ETH, valued at about $14 billion in the original article.
There were also developments in policy and regulation. A group of 109 Israeli economists and business leaders jointly warned Netanyahu against implementing a plan to use cryptocurrency to evade sanctions. The signatories included former Bank of Israel Governor Jacob Frenkel and 2025 Nobel Prize in Economics laureate Joel Mokyr. Netanyahu had previously said Israel should prepare an alternative economic plan in case its banks were sanctioned, and confirmed that cryptocurrency was involved. The Bank of Israel has opposed the idea, and the original article says the country’s election is scheduled for the following day. In the U.S., markets put the probability that the Federal Reserve would leave interest rates unchanged on October 28 at 90.6%—a market expectation, not a decision. CFTC Chair Mike Selig said that while Congress has yet to act, the commission is advancing a path for crypto exchanges to register voluntarily at the federal level.
On institutional participation, Swiss private bank J. Safra Sarasin disclosed that it holds more than $17.5 million worth of Bitcoin. Its assets under management total $42.6 billion. On Ethereum, researcher Toni Wahrstätter said a ChainSecurity report found compatibility and security issues with EIP-8037 and some contracts, prompting core developers to postpone the Glamsterdam upgrade on the Hoodi testnet. The issues include an increase in leftover gas after transaction execution, which could cause gas counter underflow and trigger a revert, as well as some contracts underestimating gas usage. ChainSecurity identified and disclosed 13 real-world cases. Developers will review the affected contracts and assess potential solutions this week, and project teams have also been reminded to check compatibility with EIP-8037 and EIP-8038.
For the market, short-term fund flow data is mixed. Corporate purchases and banks’ disclosures of crypto holdings show that institutional participation continues, but they do not mean prices are certain to rise. The overall outlook is neutral: ETF outflows, corporate purchases, and regulatory developments are pointing in different directions. The Ethereum upgrade delay also means the compatibility issues still need to be addressed; the delay itself should not be interpreted as proof that the problems have been resolved. Which are you watching more closely: ETF fund flows, corporate holdings, or progress on protocol upgrades?
$BTC $ETH
Source: Bitget Blog
