Key Takeaways
- • U.S. spot Bitcoin ETFs recorded a combined net outflow of $729 million over two days, with BlackRock's iShares Bitcoin Trust (IBIT) leading the withdrawals, according to Pluang.
- • Bitcoin closed at $82,546.32 on the day of the report, after the ETF outflows pushed prices lower and Bitcoin fell below $86,000 per Paparazzi's coverage.
- • FinCEN withdrew proposed rules that would have required banks and money-service businesses to report and keep records of transactions involving unhosted wallets and cryptocurrency mixing, reducing regulatory pressure on the sector.
- • OKX secured strategic investments from Circle and Ripple, valuing the exchange at $25 billion to fund expansion and asset tokenization.
Summary
Bitcoin closed lower at $82,546.32 after U.S. spot Bitcoin ETFs experienced a combined net outflow of $729 million over two days, according to Pluang. BlackRock's iShares Bitcoin Trust led the withdrawals. Paparazzi reported that the funds lost $729 million on Wednesday and Thursday, with all funds seeing significant outflows, and that Bitcoin fell below $86,000 during the sell-off. Bitcoin Magazine described the move as investors rapidly cashing out of bitcoin exchange-traded funds that week.
In regulatory news, the Financial Crimes Enforcement Network (FinCEN) withdrew proposed rules that would have required banks and money-service businesses to report and keep records of transactions involving unhosted wallets and cryptocurrency mixing. Pluang reported that the withdrawal eases regulatory pressure on the sector. Pluang's coverage also cited a Treasury action that dropped two proposed crypto reporting rules targeting self-custody wallets and foreign mixers.
In corporate developments, OKX secured strategic investments from major players including Circle and Ripple, valuing the company at $25 billion. The capital is intended to support expansion and asset tokenization.
Pluang's market snapshot as of October 10, 2026 at 12:51 WIB showed 36 of 50 major cryptocurrencies rising. Notable gainers included THETA at Rp4.144 (up 8.20%), EOS at Rp12.649 (up 8.13%), and FIL at Rp20.657 (up 7.91%). Related coverage noted that Bitcoin and Ethereum ETFs lost $316 million in one day, and that spot Ethereum ETFs extended a nine-day outflow streak with $56.1 million withdrawn on October 9.
In regulatory news, the Financial Crimes Enforcement Network (FinCEN) withdrew proposed rules that would have required banks and money-service businesses to report and keep records of transactions involving unhosted wallets and cryptocurrency mixing. Pluang reported that the withdrawal eases regulatory pressure on the sector. Pluang's coverage also cited a Treasury action that dropped two proposed crypto reporting rules targeting self-custody wallets and foreign mixers.
In corporate developments, OKX secured strategic investments from major players including Circle and Ripple, valuing the company at $25 billion. The capital is intended to support expansion and asset tokenization.
Pluang's market snapshot as of October 10, 2026 at 12:51 WIB showed 36 of 50 major cryptocurrencies rising. Notable gainers included THETA at Rp4.144 (up 8.20%), EOS at Rp12.649 (up 8.13%), and FIL at Rp20.657 (up 7.91%). Related coverage noted that Bitcoin and Ethereum ETFs lost $316 million in one day, and that spot Ethereum ETFs extended a nine-day outflow streak with $56.1 million withdrawn on October 9.
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