Altcoin News Daily Official TheBitTimes.com

Cash is pouring into crypto exchange-traded funds at a record rate. A whopping $5.95 billion in weekly inflows entered institutional funds in just one week, reports CoinShares, with Bitcoin leading the pack. BTC pulled in $3.55 billion from September 29th to October 3rd, the second-highest week ever. Ethereum funds drew $1.48 billion, boosting year-to-date ETP inflows to $13.7 billion. That’s three times higher than last year’s total. Meanwhile, Solana set a new high with $706.5 million, while XRP nabbed $219.4 million. The US poured in $5 billion, with Switzerland at $563 million and Germany at $312 million. Overall, total crypto assets under management have topped $254 billion. Rapid inflows in recent months have left the amount of Bitcoin on exchanges hit a six-year low, with 114,000 BTC worth about $14 billion leaving platforms in two weeks, per Glassnode. Follow us on X, Facebook and Telegram Source: https://thebittimes.com/crypto-etfs-shatte...

Misinformation about MicroStrategy securities is rampant on social media, and a claim about an incredible delay in purchase orders for the company’s Strife (STRF) is the latest, egregious example. According to Josh Mandell, the $6 trillion asset manager and brokerage Fidelity didn’t fill his market buy order for STRF for over seven minutes. Moreover, in his dubious view, the actual best offer that Fidelity quoted to him could not be real and, due to the ostensible delay, “is obviously higher than quoted.” If true, the reasons for such an extended delay would have had more to do with how stock markets function than MicroStrategy , its founder, Michael Saylor, or the company’s preferred stock. A market buy is an exchange-regulated order to a broker to immediately fill a specified number of shares at the best available prices among prevailing offers. However, exchanges only set rules on the orders that brokers accept during their hours of operation. Unlike di...