Daring feat
What's being bought and sold*
TOP TRENDING ASSETS
*Trading activity in the past 24 hours on the Uphold platform, as of 8 a.m. 20th October 2026.
The combined total of buy and sell percentages can exceed 100% due to customers who engage in both buying and selling the same asset within the 24-hour time frame.
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What’s up
In Jittery Environment, Biggest Bitcoin Fund Enjoys Singularly Hefty Haul
With risk-takers unsettled over the state of the AI trade, mounting debt loads and the toll extracted by global conflict, a single ETF — BlackRock’s iShares Bitcoin Trust (IBIT) — on Monday enjoyed a truly banner session. Some $665 million came in the door, according to CoinDesk, citing SoSoValue data.
IBIT’s haul alone carried the entire U.S.-listed spot BTC ETF complex to its best single-session in nearly a month. And it happened on a day when a handful of products notched zero net flows. In fact, two funds, Fidelity’s FBTC and Grayscale’s GBTC, recorded combined net outflows of $139M. “It underscores how concentrated buying was,” CoinDesk said.
Still, BTC funds collectively remain in the hunt for a red October. Last week saw $228M worth of withdrawals. All told, about $90M has exited the cadre of ETFs on a net basis since Oct. 1.
What's down
Neocloud Firm Flops In Debut
An AI-centric cloud provider, Elice Group, sure picked a difficult day to debut its shares in South Korea. Elice is often mentioned in the same breath as CoreWeave, the heavily levered U.S. “neocloud” operator at the center of last week’s tech maelstrom. Today, Elice becomes synonymous with lousy IPO timing. Elice saw share prices plummet by 30% during its first session trading publicly.
“Investors have grown increasingly wary of artificial intelligence-dedicated computing power providers amid concerns about overcapacity,” CNBC said.
A cursory check of the data center camp at about 8 a.m. (EST) revealed a spillover of overnight jitters into premarket activity as CoreWeave and cohorts (Nebius, Iren, Vertiv) were all sliding 4%-5%.
What's next
BlackRock Proposes Bitcoin Buffer
BlackRock’s banner Monday featured a noteworthy deed meant for the faint of heart: the firm filed regulatory documents indicating plans to launch a Bitcoin ETF that would limit investors' losses while, in exchange, capping their gains.
The iShares Bitcoin Managed Protection ETF would trade under the ticker PBIT and seeks to provide upside exposure to the iShares Bitcoin Trust ETF (IBIT) and/or similar exposure “up to an approximate limit.” Meanwhile, per the filing, PBIT would seek to provide “a level of downside protection.” No fee information was given, The Block noted.
Instead of holding BTC or BTC ETF shares, PBIT would buy call options on IBIT (or similar exposure) and sell higher-priced calls to help cover the cost. Protection typically starts at about 90% of the reference asset's value thereby limiting, theoretically, initial losses to roughly 10% before fees, according to the filing.
As The Block explained, this options strategy would unfold across three overlapping tranches with staggered monthly start dates, such that every month there’d be one tranche expiring and a new one beginning.
Investors shouldn’t expect a fixed outcome, though. “The cap on gains is set by market conditions at the start of each tranche,” The Block said. “And the fund has broad discretion to change both.”
