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US spot Bitcoin ETFs drew $1.08 billion over three trading sessions to push October flows back above water. US spot Bitcoin exchange-traded funds (ETFs) attracted $528 million in net inflows on Wednesday as Bitcoin briefly surged above $84,700 before retreating. The funds extended their inflow streak to three sessions, adding $23 million on Tuesday and $526.6 million on Monday, according to SoSoValue data. The three sessions drew in a combined $1.08 billion. Wednesday’s inflows brought October’s net inflows to approximately $461 million, while year-to-date net inflows reached $1.34 billion. According to Farside Investors data, BlackRock’s iShares Bitcoin Trust (IBIT) led Wednesday’s inflows with $235 million, followed by the Fidelity Wise Origin Bitcoin Fund (FBTC) with around $213 million. The latest inflows followed two consecutive weeks of withdrawals, with Bitcoin ETFs shedding $228 million last week and $681 million the week before. Bitcoin’s rally on Wednesday took it to an intraday high of $84,777 before it pulled back to $82,485 at the time of publication, according to CoinGecko. Altcoin ETFs also recorded modest inflows.

Maxx Kettner, HSBC’s chief multiasset strategist, says the investors need to understand the goal posts are constantly moving with AI investing.

Skip to main contentCrypto NewsOct 22, 2026, 2:24 a.m. EDT2 min readSummaryChinese prosecutors are seeking to confiscate more than 61,800 BTC and other assets linked to an alleged $5.7 billion fraud that affected more than 102,000 investors. Prosecutors say Qian Zhimin’s company sold unlicensed wealth-management products, used investors’ money to repay earlier participants and buy assets, and left victims with nearly 20 billion yuan in losses. A British court ruled that Chinese law should govern victims’ claims to the Bitcoin seized in Britain, while a Chinese court has opened a six-month period for interested parties to join the confiscation case. Chinese prosecutors have moved to seize more than 61,800 Bitcoin linked to a massive fraud case worth over 40 billion yuan, roughly $5.7 billion, according to reporting by Chinese outlet The Paper. The case centers on Qian Zhimin, the alleged controller of Tianjin Lantian Gree Electronic Technology. Prosecutors say that from 2014 to 2017, the company sold unlicensed wealth-management products across China, promising guaranteed principal and high returns.

AI could unleash a flood of short-lived crypto “meme games,” attracting the same speculative traders who helped push memecoins to record highs in late 2024, according to Illuvium co-founder Kieran Warwick. Speculative crypto games such as Wolf Game and Fishing Frenzy, where players compete for financial rewards, once took months to develop. But Warwick says AI tools have reduced the time and cost of creating similar games to just days and around $1,000. He predicts as many as 100,000 such games could launch within a year, with many designed to survive for only a few days — long enough for their creators to turn a profit. “Like you have serial deployers of memes, you’ll get serial deployers of games,” Warwick told Cointelegraph. But whether that flood would benefit crypto gaming and the broader industry is less clear. Cheaper development could make niche games viable and revive attention across the sector, but a wave of disposable crypto games could leave a lot of speculators “holding the bag.”“There will be ridiculous gains, and people will get absolutely f****ing rinsed,” Warwick wrote on X on Monday. A memecoin-style boom… and bust?