Overview:
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Spot Bitcoin ETFs recorded USD 66.19 million in daily net inflows, led by BlackRock’s IBIT with USD 51.09 million.
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Chainlink fell around 7% to USD 14.37 as futures volume dropped sharply across Binance, OKX and Bybit.
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Morgan Stanley established a lab to test stablecoins and tokenized assets.
The cryptocurrency market witnessed significant movements as spot Bitcoin exchange-traded funds brought in USD 66 million in net inflows. Meanwhile, Chainlink experienced a 58% drop in trading volume alongside a 7% asset decline over 24 hours. Concurrently, Morgan Stanley created an internal laboratory to evaluate digital asset technologies, and crypto-backed lending expanded its presence toward the mortgage sector.
Bitcoin Witnessed USD 66 Million Inflows
Data from SoSoValue indicates that Bitcoin spot ETFs pulled in a collective net inflow of USD 66.19 million the previous day. BlackRock’s IBIT secured the top spot for daily inflows among these funds, capturing USD 51.09 million and lifting its cumulative historical net inflow to USD 65.39 billion.
Ark Invest and 21Shares’ ARKB followed with the second-highest daily net inflow at USD 33.24 million, bringing its historical total to USD 1.41 billion.
Conversely, Bitwise’s BITB led outflows for the group, shedding USD 18.14 million and moving its historical cumulative net inflow to USD 2.11 billion.
Altogether, Bitcoin spot ETFs hold a total net asset value of USD 107.96 million, reflecting an ETF net asset ratio of 6.43% and a historical cumulative net inflow reaching USD 57.64 billion.
Chainlink Drops 58% in Volume
Chainlink is cooling off following one of its most robust rallies in recent months. The token changes hands at USD 14.37—down roughly 7% over the past 24 hours—after hitting an intraday peak near USD 15.57.
Futures volume contracted significantly across platforms. Binance saw its LINK/USDT market shrink by 60.75% to USD 286.10 million, bringing total derivatives volume across exchanges to USD 848.36 million.
Parallel decreases hit OKX and Bybit, which registered drops of 63.14% and 57.09% respectively. These figures indicate that participation shrank industry-wide rather than at a single trading hub. Despite this pullback, LINK maintains gains of 28.80% across 30 days and 95.49% over 90 days.
Liquidations over the 24-hour window totaled USD 1.11 million, with long positions accounting for USD 1.05 million of that sum. Open interest stands at USD 775.33 million, while Binance’s individual open interest retreated nearly 13%, signaling that traders are exiting positions rather than initiating heavy short sales.
Also Read: Bitcoin vs Altcoins: How Trading Volume and Market Dominance Differ
Morgan Stanley Launches Lab to Rest Stablecoin Payments
Morgan Stanley has set up a Digital Asset Lab dedicated to researching stablecoins, tokenized assets, and decentralized finance. Bloomberg reported this initiative on September 29, noting that the dedicated workspace allows the institution to experiment with digital asset infrastructure separately from its core operations.
The setup provides a controlled environment to study emerging tools, including stablecoin transactions and alternative forms of tokenized currency. Morgan Stanley will evaluate stablecoins, tokenization tech, tokenized deposits, central bank digital currencies, and tokenized money-market funds.
Crypto Credit Enters Mortgages
The consideration of loans backed by Bitcoin and stablecoins for eligibility within Fannie Mae’s framework marks a notable sector development following the green light given to spot ETFs.
A risk-focused perspective reveals a more cautious reality: the authorization stems from administrative origin via an FHFA directive, implemented without an established statutory framework and while a related legislative bill remains pending in the introduction phase. Consequently, the crypto industry has not secured full access to the mortgage market; rather, it has been granted an operational window subject to ongoing review.
Regulatory counterparty risk remains the primary non-diversifiable hurdle for any crypto-native business model interacting with U.S. mortgage credit. Directives can be rescinded, bills can be shelved, and congressional majorities can shift—none of which fall under the control of the digital asset sector.
Bitget Starts USDT Withdrawals after Hack
Bitget has successfully reactivated BTC, ETH, and USDT withdrawals following a security breach that resulted in a USD 387.5 million loss. Remaining token payouts, peer-to-peer (P2P) transfers, and fiat withdrawals are slated to resume on Friday.
Bitget CEO Gracy Chen announced on September 30 that transactions for the three primary assets were live again, and confirmed the platform’s Protection Fund had recovered to over USD 300 million. She characterized operations as “gradually back to usual” following the September 24 cyberattack.
In a subsequent update, Chen verified that P2P withdrawals would reopen on Friday, October 2, alongside other features outlined in the exchange’s phased recovery blueprint.
USDT withdrawals recommenced on September 30 across the Ethereum, BNB Smart Chain, Solana, and Tron networks. Bitget’s published schedule places remaining tokens, fiat withdrawals, and P2P services in the final rollout stage on October 2.
Also Read: Ethereum 2030 Roadmap: How the Network Could Evolve
FAQs:
1. How much flowed into Bitcoin spot ETFs yesterday?
Bitcoin spot ETFs recorded USD 66.19 million in net inflows. BlackRock’s IBIT led with USD 51.09 million, while ARKB attracted another USD 33.24 million.
2. Why is Chainlink’s trading activity declining?
LINK fell roughly 7% as derivatives participation weakened, with futures volumes dropping across major exchanges. Open interest remained at USD 775.33 million, while long liquidations dominated the latest 24-hour period.
3. What will Morgan Stanley’s Digital Asset Lab test?
The lab will explore stablecoin payments, tokenized deposits, CBDCs, tokenized money-market funds and DeFi-related technologies in a controlled environment separate from the bank’s primary systems.
4. How could cryptocurrency become relevant to US mortgages?
Recent developments concern whether certain Bitcoin- and stablecoin-backed assets could be considered within mortgage qualification frameworks. The policy landscape remains subject to regulatory and legislative changes rather than representing unrestricted crypto access to mortgage markets.
5. Which withdrawals has Bitget restored after the hack?
Bitget restored BTC, ETH and USDT withdrawals, with USDT available across Ethereum, BNB Smart Chain, Solana and Tron. Remaining token, fiat and P2P withdrawal services are scheduled for staged restoration
