Overview:
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US spot Bitcoin ETFs attracted USD 175.62 million in net inflows, led by Fidelity’s FBTC with USD 103.06 million and BlackRock’s IBIT with USD 65.89 million.
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Optimism’s OP gained nearly 20% intraday following Unichain’s transition announcement.
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Ripple signed its fourth South Korean institutional partnership with Meritz Securities.
Significant movements marked the cryptocurrency market as spot Bitcoin ETFs pulled in USD 175 million in net inflows, and Ripple secured its fourth institutional partner in Korea. Additionally, Bitway climbed 250% over a one-month period while Optimism advanced 20%.
Bitcoin Witnesses USD 175 million in Inflows
Data from SoSoValue shows that Bitcoin spot ETFs registered a combined net inflow of USD 175.62 million during the previous session.
Fidelity’s FBTC captured the highest daily net inflow at USD 103.06 million, pushing its historical cumulative net inflow to USD 10.62 billion.
BlackRock’s IBIT followed in second place with a daily net inflow of USD 65.89 million, bringing its historical total net inflow to USD 65.73 billion. Altogether, Bitcoin spot ETFs hold a total net asset value of USD 106.98 billion, representing an ETF net asset ratio of 6.38% and a cumulative historical net inflow of USD 57.22 billion.
Ripple Signs Fourth Korean Institutional Partner
Ripple entered into a strategic alliance with South Korea‘s Meritz Securities. This agreement represents Ripple’s fourth institutional pact in the country for 2026 and its inaugural partnership with a local securities institution.
Revealed in an October 14 announcement, the collaboration broadens Ripple’s footprint across South Korea’s capital markets, insurance sector, and banking industry, though neither party has confirmed immediate XRP Ledger deployment or specific XRP purchases.
According to Ripple’s disclosure, the two entities will investigate the integration of tokenization infrastructure and Ripple Custody into the existing operations of Meritz Securities. Regulated institutions utilize Ripple Custody for settling, transferring, and storing digital assets securely.
Also Read: What Does a Bitcoin Hard Fork Do? A Detailed Guide
Bitway Jumps 250%
BTW, a viral altcoin, emerged as the day’s top-performing digital asset, climbing nearly 40% in a single day and 250% across the preceding month. It currently trades near USD 2.50, backed by a market capitalization approaching USD 4 billion.
This triple-digit monthly surge has drawn intense market attention, prompting speculation that further gains may lie ahead. Conversely, numerous market participants view current levels as an ideal entry point for short positions, with specific technical indicators pointing toward a potential bearish reversal.
A crypto analyst on X known as Zayn pointed out that BTW has printed eight consecutive green candles, indicating severely overbought conditions. While the analyst anticipates a sharp correction down to USD 2 or lower, they cautioned traders about position management: “Everyone will be looking to short here, so don’t go all in. Keep your position small and keep your stop-loss and liquidation levels above USD 3.50.”
Standard Chartered Launched UAE Crypto Trading
On October 14, Standard Chartered rolled out a new cryptocurrency trading service within the UAE, enabling eligible professional investor clients to purchase and sell Ethereum and Bitcoin directly through their current bank accounts.
This service integrates access to these two digital assets into a traditional, regulated banking relationship, utilizing an internal, closed-loop ecosystem for settlement and custody. Standard Chartered defines this launch as a global milestone for the institution and the first initiative of its kind introduced by an international bank operating in the UAE.
As outlined in the bank’s statement, clients utilize their existing Standard Chartered accounts to access BTC and ETH without requiring third-party trading platforms or separate digital wallets. Execution occurs entirely within the bank’s proprietary ecosystem, where Standard Chartered oversees end-to-end custody and settlement.
Optimism Surges 20%
The native token of Optimism, OP, experienced a sharp upward move after Uniswap made public that Unichain will migrate its production workflows to OP Enterprise. This development revived buying interest, allowing the token to outpace a broader crypto market that has otherwise contended with selling pressure affecting Bitcoin and several leading altcoins.
Within a 24-hour window, OP rallied nearly 20% to peak at USD 0.1621 before retracing some of those gains later in the trading day. At the time of publication, the token exchanged hands around USD 0.1493, reflecting a 10% gain over the trailing 24 hours.
This upward extension builds upon recent performance, delivering a 28% advance over the past week and a 64% increase over the last month, even though the asset remains down roughly 68% compared to its price a year ago.
Also Read: How Ethereum Staking Rewards Work: Validators, Lockups and Risks
FAQs:
1. How much money flowed into Bitcoin spot ETFs?
US spot Bitcoin ETFs recorded USD 175.62 million in net inflows, according to SoSoValue. Fidelity’s FBTC led with USD 103.06 million, followed by BlackRock’s IBIT with USD 65.89 million.
2. Why did Bitway’s BTW token surge 250% over the month?
Bitway’s BTW token gained approximately 250% over the month and nearly 40% in a single day, trading around USD 2.50. The rally attracted speculative interest, although analysts warned that overbought conditions could increase correction risks.
3. What is Ripple’s latest partnership in South Korea?
Ripple announced a strategic partnership with Meritz Securities on October 14, marking its fourth South Korean institutional agreement in 2026. The companies will explore Ripple Custody and tokenization infrastructure, without confirming immediate XRP purchases or deployment.
4. Why did Optimism’s OP token surge nearly 20%?
Optimism’s OP token rallied after Uniswap announced that Unichain would transition its production operations to OP Enterprise. OP briefly reached USD 0.1621 before retreating toward USD 0.1493, remaining approximately 10% higher over 24 hours.
5. What cryptocurrency trading services has Standard Chartered launched in the UAE?
Standard Chartered introduced Bitcoin and Ethereum trading for eligible professional investors in the UAE on October 14. Clients can trade through existing bank accounts, with custody and settlement managed within the bank’s regulated ecosystem.
