📊 Spot ETF inflows continue.

Despite the market decline, we see positive trends in ETF inflows. Yesterday, total net inflows into spot $BTC ETFs amounted to ~$102.58M. Total net inflows into spot $ETH ETFs amounted to ~$236.22M.

Thus, despite the sharp market decline, we see that, based on the interim monthly results, BTC fell by only 1.4%, while ETH fell by 3.7%.

Meanwhile, crypto companies raised a record $3.5B in a week.

Companies raised $3.5B through 28 funding rounds. Weekly fundraising peaked between October 6th and Sunday. This figure exceeded all previous records, including the $3B raised from July 28th to August 3rd. This surge came after seven consecutive weeks of less than $1 billion in fundraising, indicating a return to investor confidence. Over the past six months, weekly fundraising has ranged from $2.9M to $150M.

Things aren't all bad in the cryptocurrency sector yet, and as I said earlier, I don't expect a bear market just yet. Globally, we're still in a bull market, and this correction is only localized. Therefore, don't panic and sell your assets at a loss. Many may resort to this due to emotional distress. Be patient and wait for the market to return to its uptrend.