PANews reported on October 21st that according to SoSoValue data, Bitcoin spot ETFs experienced a net outflow of $40.4683 million on October 20th, Eastern Time, marking the fourth consecutive day of capital outflows. BlackRock's IBIT saw a net outflow of $101 million, the largest ETF outflow of the day. VanEck's HODL saw a net inflow of $21.1598 million, while Bitwise's BITB saw a net inflow of $12.0520 million.
As of now, the total net asset value of Bitcoin spot ETFs has reached US$149.663 billion, accounting for 6.76% of the total market value of BTC.


BitGo’s move creates further competition in a burgeoning European crypto market that is expected to generate $26 billion revenue this year, according to one estimate. BitGo, a digital asset infrastructure company with more than $100 billion in assets under custody, has received an extension of its license from Germany’s Federal Financial Supervisory Authority (BaFin), enabling it to offer crypto services to European investors. The company said its local subsidiary, BitGo Europe, can now provide custody, staking, transfer, and trading services. Institutional clients will also have access to an over-the-counter (OTC) trading desk and multiple liquidity venues.The extension builds on BitGo’s previous Markets-in-Crypto-Assets (MiCA) license, also issued by BaFIN, and adds trading to the existing custody, transfer and staking services. BitGo acquired its initial MiCA license in May 2025, which allowed it to offer certain services to traditional institutions and crypto native companies in the European Union.Read more
