Digital asset markets declined this week as US Bitcoin and Ether ETFs recorded $1.22bn in combined weekly outflows, reversing part of the recent recovery in investment demand. Meanwhile, Securitize launched its first portfolio of tokenised US equities on Solana, Standard Chartered introduced custody for Ripple’s dollar stablecoin in Dubai, Samsung announced plans to integrate USDC into Samsung Wallet and Thailand finalised rules for domestic Bitcoin and Ether ETFs.
US Bitcoin and Ether ETFs record $1.22bn in weekly outflows
- US spot Bitcoin and Ether ETFs recorded approximately $1.22bn in combined net outflows during the week ending 9 October. Bitcoin products lost $681.1m, ending three consecutive weeks of inflows, while Ether funds recorded withdrawals of $542.1m.
- Ether ETFs extended their outflow streak to nine trading days, with BlackRock’s ETHA accounting for approximately $477m of the weekly withdrawals.
Securitize launches first portfolio of third-party US equities on Solana
- Securitize launched Securitize Stocks, bringing its first portfolio of 12 major third-party US public equities, including Apple, Microsoft, Nvidia and Tesla, onto Solana.
- Trading initially takes place through Securitize’s regulated broker-dealer platform, with settlement in USDC and Jump Trading supporting liquidity.
Standard Chartered launches RLUSD custody in Dubai
- Standard Chartered launched institutional custody for Ripple’s US dollar stablecoin, RLUSD, on the XRP Ledger through its Dubai International Financial Centre branch. The service operates under Dubai Financial Services Authority oversight, adding bank-provided custody to the infrastructure supporting institutional stablecoin use.
- The bank is also working with Ripple and LMAX Group to enable eligible RLUSD holdings to support trading through collateral mirroring, allowing assets to remain in bank custody while their value is recognised by the trading venue.
Samsung announces USDC integration for Samsung Wallet
- Samsung announced plans to introduce USDC functionality within Samsung Wallet from the final week of October, covering approximately 82 million compatible US Galaxy devices. Eligible users will be able to transfer USDC to supported wallets and send money to bank accounts in more than 60 countries, with recipients receiving local currency.
- Bastion will provide the stablecoin account and payment infrastructure, supported by custody through Coinbase Prime Vault.
Thailand finalises rules for domestic Bitcoin and Ether ETFs
- Thailand’s Securities and Exchange Commission finalised rules for domestic crypto ETFs, initially covering Bitcoin and Ether, effective from 16 October 2026. Funds will trade on the Stock Exchange of Thailand, use SEC-regulated digital asset custodians and maintain average annual net exposure of at least 80% to a single eligible crypto asset.
- The framework also permits mutual funds and private funds to invest in domestic crypto ETFs, extending their existing access to foreign products. Requirements covering asset management, custody and disclosure establish a regulated local investment channel, while margin loans for ETF purchases will be prohibited.
This weekly financial roundup is for informational purposes only and is not financial, investment, or legal advice. Information is taken from public sources and Nickel takes no responsibility for its veracity. The information was sourced around the time of publication but may become out of date, even over short periods of time. Consult a professional before acting.