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Crypto

Litecoin marks 15 years of uninterrupted operations as ETF conversion accelerates

Litecoin has operated without interruption for 15 years since its genesis block, drawing renewed attention to its network durability and prospects for broader institutional products. On-chain data showed about 156,000 daily transactions as of Oct. 7, while MWEB pool size topped 563,000 LTC. Grayscale runs the Grayscale Litecoin Trust (LTCN) and filed an amended application in September to convert it into a spot ETF listed on NYSE Arca. SEC approval remains undecided.

Crypto

Robinhood makes first $25 million bitcoin purchase to hold on balance sheet

Robinhood has for the first time added $25 million, or about 33.5 billion won, worth of bitcoin to its balance sheet. Bitcoin Magazine reported the purchase is the company’s first bitcoin holding that is not client property. Johann Kerbrat, Robinhood’s senior vice president and general manager for crypto and international, disclosed the purchase in an interview. Robinhood did not reveal the amount bought, and on-chain analysis distinguishes it from client assets held in custody.

Crypto

Bitcoin spot ETFs return to net inflows in a day; Ethereum outflows widen

Bitcoin spot exchange-traded funds returned to net inflows despite a price drop, logging $119 million of net inflows on Oct. 6 after $90 million of net outflows a day earlier, Cointelegraph reported. Bitcoin slid to around $83,100, down about 2.7 percent in 24 hours. Ethereum spot ETFs saw weaker flows, with $202 million of net outflows on Oct. 6. Outflows extended to six sessions, with cumulative net outflows at about $408 million.