Looking for the biggest developments in crypto today? Here is a roundup of the latest news affecting Bitcoin, crypto ETFs, blockchain, DeFi, Web3 and digital asset regulation.
The main stories include fresh inflows into U.S. spot Bitcoin ETFs, a new SEC proposal on crypto custody rules and a regulatory cooperation agreement between New York and Wyoming.
Bitcoin ETFs Start October With $103 Million Inflow
U.S. spot Bitcoin exchange-traded funds returned to net inflows on the first trading day of October.
Bitcoin ETFs recorded approximately $102.7 million in net inflows on Thursday after posting $148.7 million in net outflows the previous day, according to SoSoValue data.
Combined net assets across the funds climbed to around $109.3 billion.
Cumulative net inflows reached approximately $57.6 billion.
Bitcoin ETFs Record Strong Third Quarter
The positive start to October followed a strong third quarter for U.S. spot Bitcoin ETFs.
The funds attracted approximately $6.34 billion in net inflows during the quarter.
September alone accounted for around $2.65 billion.
Bitcoin also delivered a strong performance during the period, gaining about 42.7% over the quarter.
Bitcoin Price Holds Near $86,000
Bitcoin traded near $85,900, gaining around 2.1% over the previous 24 hours.
Meanwhile, the Crypto Fear & Greed Index remained in “Greed” territory.
The index slipped to 72 from 74 a day earlier, suggesting that investor sentiment remained relatively optimistic despite the small decline.
SEC Proposes Changes to Crypto Custody Rules
Crypto regulation also returned to the spotlight after the U.S. Securities and Exchange Commission proposed changes to custody rules for investment advisers.
The proposal could make it easier for advisers and investment funds to offer digital asset exposure to clients.
Under the proposed framework, investment advisers could be allowed to hold certain crypto assets directly when no eligible crypto custodian is available.
State-chartered trust companies could also potentially qualify as crypto custodians.
SEC Targets Crypto Investment Barrier
One of the major challenges for investment advisers has been finding qualified custodians for certain digital assets.
Without an approved custodian, advisers may be unable to offer specific crypto investments to their clients.
The SEC proposal aims to reduce that obstacle while maintaining conditions around how digital assets are held.
SEC Chair Paul Atkins said the crypto market has grown into a multi-trillion-dollar asset class and argued that existing regulations have not kept pace with the industry’s development.
Crypto Industry Has Raised Custody Concerns
The lack of qualified crypto custodians has previously drawn criticism from industry groups.
The Digital Chamber raised concerns with the SEC in 2025, noting that some investment advisers had declined token allocations because suitable custody arrangements were unavailable.
In some cases, portfolio companies were reportedly asked to hold tokens until an approved custody solution became available.
The SEC’s latest proposal could therefore expand the range of digital assets that regulated investment advisers can offer.
New York and Wyoming Coordinate Crypto Regulation
New York and Wyoming have also agreed to strengthen cooperation over crypto regulation.
Regulators in the two states will coordinate oversight of digital asset companies operating across both jurisdictions.
The agreement covers licensing reviews, regulatory examinations and potential enforcement actions.
Crypto Firms Could Receive Faster Licensing
The New York State Department of Financial Services and the Wyoming Division of Banking will be able to share supervisory and historical examination information.
The regulators could also coordinate examination schedules or conduct joint reviews.
Crypto companies that are already regulated in one state may receive a faster approval process in the other.
Companies that have held a license or charter for at least three years without facing enforcement action could qualify for an expedited review.
Regulators are targeting a decision within six months for eligible firms.
New York and Wyoming Take Different Crypto Approaches
The partnership is notable because New York and Wyoming have historically taken different approaches to digital asset regulation.
New York has operated its strict BitLicense framework since 2015.
Wyoming, by contrast, has introduced several crypto-friendly laws and specialized banking charters designed for digital asset businesses.
Despite those differences, the new agreement could make regulatory oversight more coordinated for crypto companies operating in both states.
Crypto Market Watches Regulation and ETF Flows
For the crypto market, ETF demand and regulation remain two important themes to watch.
Fresh Bitcoin ETF inflows could provide additional support for institutional demand, while proposed changes to custody rules may make digital assets more accessible to regulated investment firms.
At the same time, closer cooperation between state regulators shows that oversight of the crypto industry continues to evolve.
