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Bitcoin ETFs recorded USD 148.69 million in net outflows, led by Fidelity’s FBTC with USD 125.58 million.
Citi raised its 12-month Ethereum target to USD 3,028 from USD 2,240 and increased its Bitcoin target to USD 113,000.
Polygon launched crypto checkout within its Open Money Stack.
The crypto market saw major developments as spot Bitcoin ETFs recorded USD 148 million in net outflows, while Citi lifted its Ethereum forecast to USD 3,028. Also, Polygon added crypto checkout to its open money stack and Zcash holds USD 1,400.
According to SoSoValue, the Bitcoin spot ETFs saw a total net outflow of USD 148.69 million yesterday. The Bitcoin spot ETF with the highest net outflow yesterday was Fidelity's FBTC, with a daily net outflow of USD 125.58 million. Its total historical net inflow currently stands at USD 10.93 billion. Bitwise's BITB recorded the second-highest net outflow at USD 13.63 million. Its total historical net inflow currently stands at USD 2.10 billion.
The total net asset value of Bitcoin spot ETFs is USD 107.98 billion, with an ETF net asset ratio of 6.42%. The historical cumulative net inflow has reached USD 57.50 billion.
Citi raised its 12-month Ether target to USD 3,028 from USD 2,240. The bank cited stronger crypto-market activity, improving macro conditions and renewed ETF demand in its latest Bitcoin and Ether forecast.
Citi also lifted its Bitcoin target to USD 113,000 from USD 82,000, suggesting its outlook has improved across the broader crypto market.
Ethereum has repeatedly failed to hold above the USD 2,800 area during the past week. A sustained move through that ceiling would put the psychologically important USD 3,000 level back in play and bring Citi’s USD 3,028 target within roughly the same technical zone.
Also Read: Corporate Bitcoin Treasuries: Why Companies Hold BTC as an Asset
Polygon has added a crypto checkout option to its Open Money Stack, the payments infrastructure it announced on September 30 in a company blog post.
The new feature lets merchants place a 'Pay with Crypto' option alongside their existing card and bank methods, so customers can settle in stablecoins or other crypto while the store receives its preferred payout currency.
Checkout is built to accept payments from any wallet, token, or chain and convert it into the currency the merchant wants to receive.
Polygon’s cross-chain routing works out the path at the time of purchase, handling any swaps, bridging, and network fees needed along the way.
The spot Bitwise NEAR ETF (NRR) made a strong debut on NYSE Arca. The company's chief investment officer, Matt Hougan, officially confirmed the milestone: after just two trading days, the fund's assets under management (AUM) surpassed USD 52.8 million, rising sharply from USD 36 million on its debut day.
Commenting on the initial results, Bitwise's CIO described the debut as a 'strong launch.' On its second day, the fund recorded net inflows of USD 13.2 million, while total trading volume reached USD 20.1 million.
For an annual fee of 0.75%, the fund offers Wall Street direct exposure to the NEAR token with built-in staking, which generates an annual yield of around 5%.
Zcash holders have approved USD 8.39 million in retroactive grants for completed work, including USD 1.5 million tied to the researcher who uncovered the critical Orchard vulnerability during an AI-assisted security audit.
OpenZcash shows that 17 of 37 proposals in the Q3 2026 Coinholder-Directed Retroactive Grants round were funded, representing 93.1% of the USD 9.01 million requested.
The largest single vote involved roughly 2.18 million ZEC, equal to 10.4% of Zcash’s maximum 21 million supply.
Zcash co-founder Zooko Wilcox wrote on October 1 that the grants rewarded people who worked on the network during this year’s security crisis. He described the vote as evidence for Zcash’s system of coinholder-directed funding and governance, though his assessment of the model’s strength represents his own view.
Also Read: Will Ethereum Hit USD 4,000 Before the End of 2026?
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.
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