Overview:
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Bitcoin ETFs recorded USD 148.69 million in net outflows, led by Fidelity’s FBTC with USD 125.58 million.
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Citi raised its 12-month Ethereum target to USD 3,028 from USD 2,240 and increased its Bitcoin target to USD 113,000.
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Polygon launched crypto checkout within its Open Money Stack.
The digital asset market experienced notable developments as spot Bitcoin ETFs registered USD 148 million in net outflows, while Citi revised its Ethereum forecast upward to USD 3,028. Additionally, Polygon integrated a crypto checkout feature into its open money stack, and Zcash trades around USD 1,400.
Bitcoin Witnessed USD 148 Million in Outflows
Data from SoSoValue indicates that Bitcoin spot ETFs experienced a combined net outflow of USD 148.69 million yesterday. Fidelity’s FBTC saw the largest single-day net outflow among Bitcoin spot ETFs, losing USD 125.58 million. This brings its cumulative historical net inflow to USD 10.93 billion. Bitwise’s BITB logged the second-highest net outflow at USD 13.63 million, taking its total historical net inflow to USD 2.10 billion.
Currently, the collective net asset value of Bitcoin spot ETFs sits at USD 107.98 million, representing an ETF net asset ratio of 6.42%. Total historical cumulative net inflows have climbed to USD 57.50 billion.
Citi Lifted its Ethereum Forecast
Citi upgraded its 12-month Ether target from USD 2,240 to USD 3,028. In its updated forecasts for Bitcoin and Ether, the institution pointed to heightened cryptocurrency market activity, improving macroeconomic conditions, and renewed demand for exchange-traded funds.
Furthermore, Citi raised its Bitcoin price target from USD 82,000 to USD 113,000, signaling a more optimistic outlook across the wider digital asset sector.
Over the past week, Ethereum has repeatedly struggled to maintain positions above the USD 2,800 threshold. Successfully breaching that barrier would clear the path toward the psychologically significant USD 3,000 level, aligning closely with Citi’s technical target of USD 3,028.
Also Read: Corporate Bitcoin Treasuries: Why Companies Hold BTC as an Asset
Polygon Launches Crypto Checkout
Polygon has introduced a crypto checkout tool to its Open Money Stack, the payment infrastructure originally unveiled in a September 30 corporate blog post.
The new functionality enables merchants to embed a ‘Pay with Crypto’ button alongside traditional credit card and bank payment options. This lets buyers complete transactions using stablecoins or alternative cryptocurrencies while retailers receive settlements in their currency of choice.
The checkout system is engineered to process payments originating from any wallet, token, or blockchain network, converting the funds into the merchant’s desired denomination.
Polygon’s cross-chain routing automatically determines the most efficient transfer route during the transaction, managing any required token swaps, bridging processes, and network fees seamlessly.
NEAR Crosses USD 52.8 Million ETF Threshold
The spot Bitwise NEAR ETF (NRR) had a strong introduction on NYSE Arca. Matt Hougan, the firm’s chief investment officer, confirmed that the fund’s assets under management (AUM) crossed USD 52.8 million after only two days of trading, up significantly from the USD 36 million recorded on launch day.
Characterizing the initial performance as a ‘strong launch,’ the Bitwise CIO noted that the fund brought in USD 13.2 million in net inflows on its second trading day alongside USD 20.1 million in overall trading volume.
Carrying an annual management fee of 0.75%, the fund gives Wall Street participants direct exposure to the NEAR token accompanied by native staking features that yield an annualized return of roughly 5%.
Zcash Holds Near USD 1,400
Zcash tokenholders have voted to approve USD 8.39 million in retroactive grants dedicated to completed projects, which includes USD 1.5 million awarded to the security researcher who identified the severe Orchard vulnerability during an AI-supported security review.
Figures from OpenZcash indicate that 17 out of 37 proposals put forward during the Q3 2026 Coinholder-Directed Retroactive Grants cycle received funding, accounting for 93.1% of the total USD 9.01 million requested.
The single largest voting block accounted for approximately 2.18 million ZEC, equivalent to 10.4% of the maximum 21 million Zcash supply.
On October 1, Zcash co-founder Zooko Wilcox stated that the grants properly compensated contributors who supported the network through the security incidents earlier in the year. He framed the vote as validation of Zcash’s coinholder-directed funding and governance model, though this perspective on the model’s effectiveness reflects his personal opinion.
Also Read: Will Ethereum Hit USD 4,000 Before the End of 2026?
FAQs:
1. How much did Bitcoin spot ETFs record in net outflows?
According to SoSoValue, US spot Bitcoin ETFs recorded USD 148.69 million in daily net outflows. Fidelity’s FBTC accounted for USD 125.58 million of the total.
2. What is Citi’s latest Ethereum price target?
Citi raised its 12-month Ethereum target from USD 2,240 to USD 3,028. The bank also increased its Bitcoin target from USD 82,000 to USD 113,000.
3. What is Polygon’s new crypto checkout feature?
Polygon’s checkout allows merchants to accept crypto alongside traditional payment methods. Its infrastructure can handle cross-chain routing, swaps, bridging and network fees during payment.
4. How much does the Bitwise NEAR ETF manage?
The Bitwise NEAR ETF surpassed USD 52.8 million in assets under management after two trading days. It recorded USD 13.2 million in second-day net inflows and USD 20.1 million in trading volume.
5. How much did Zcash holders approve in retroactive grants?
Zcash holders approved USD 8.39 million across 17 of 37 proposals in the Q3 2026 funding round. The approved amount represented 93.1% of the USD 9.01 million requested.
