Overview
- BlackRock, 21Shares, Bitwise and WisdomTree began offering physically backed Bitcoin and Ethereum ETPs on the London Stock Exchange, with access through regulated brokers and tax‑advantaged wrappers such as ISAs and SIPPs.
- U.S. spot Bitcoin ETFs logged roughly $1.2 billion in weekly net outflows and a fourth straight day of redemptions on Oct. 20 at $40.4 million, while Ethereum funds shed about $145.7 million the same day.
- Bitcoin fell below $108,000 with roughly $320 million in forced liquidations reported on Tuesday before recovering toward $113,000 later in the day.
- Recent volatility has been linked to U.S.–China trade headlines, including a 100% tariff announcement on Chinese imports, alongside a government shutdown that delayed the CPI report to Oct. 24.
- On‑chain data from Glassnode show more than 45,000 BTC withdrawn from exchanges since early October, tightening tradable supply even as short‑term flows stayed negative.