US spot bitcoin ETFs recovered more than one billion dollars of net inflows over three sessions, erasing the previous week’s outflows. Bitcoin then slipped back below 82,000 dollars on Thursday. Our own market data put the cryptocurrency at $80,250 at 10:48 GMT on 25 October, down 0.46 percent on the previous close and its lowest in 31 days.
The week also brought a shift in Germany. From 19 October, first clients of the Sparkassen savings banks could buy bitcoin in their banking app. DekaBank handles the trading and custody. The rollout is targeted for full deployment in the first half of 2027, and the banks count around 50 million Germans among potential customers.
Regulators move on tokenised stocks and yields
The SEC unveiled its first three candidate platforms for tokenised stocks. None of them has yet received SEC approval. Separately, a final rule from the OCC under the GENIUS Act dropped the presumption that yields paid by platforms or third parties were illegal.
In France, authorities proposed regulating rewards paid on stablecoins as part of a revision of MiCA. The proposal arrives as the debate over stablecoin yields moves from Washington to Paris.
Retail losses and French debt
About 400,000 retail traders on Hyperliquid lost a combined 280 million dollars. Only 21 percent of Phantom wallet traders were in gain, according to the newsletter.
On the bond side, the French 10-year borrowing rate crossed 5 percent during the week. Moody’s maintained France’s rating on Friday evening. Reuters reported that all economists it surveyed expect a Fed rate hike in December.
Related: Bitcoin ETFs draw $526.7 million as Ether and Solana funds bleed · US Bitcoin ETFs record $635.5 million outflow, largest since June
Data: CoinGecko
