Bitcoin has bounced back this week, climbing to around $111,000, up about 3% in 24 hours, after the UK officially launched its first spot Bitcoin ETFs. The milestone follows the UK Financial Conduct Authority (FCA) lifting its four-year ban on retail crypto investment products earlier this month.
UK Opens Doors to Bitcoin ETFs
Several major players entered the London market on Monday. BlackRock’s Bitcoin Trust (IB1T) listed on the London Stock Exchange, joined by Bitwise, 21Shares, and WisdomTree. Bitwise also announced a fee reduction to attract investors.
This development gives UK investors regulated, direct exposure to Bitcoin for the first time and signals a major step toward mainstream crypto adoption across Europe.
US Sees Heavy Outflows
While the UK celebrates new inflows, the US Bitcoin ETFs saw over $1.2 billion in outflows last week, according to SoSoValue — the second-largest weekly loss since their launch. The contrast between the two regions highlights shifting investor sentiment and global market rebalancing.
Expert View: A Careful Optimism
David Siemer, CEO of Wave Digital Assets, says Bitcoin’s Q4 recovery depends on broader conditions.
“If we get relief on trade policy, clearer regulations, and hints of a Fed pivot, those factors could restore confidence,” he said. “But a lasting recovery needs cleaned-out leverage, new inflows, and supportive macro trends.”
Other Bitcoin Headlines
- MicroStrategy (MSTR) added 168 BTC worth $18.8 million, bringing its total holdings to 640,418 BTC, valued at $47.4 billion. 
- A solo miner successfully mined an entire block on their own earning $347,000 in rewards. 
- Bitcoin’s hash rate hit a record 1,161 exahashes per second (EH/s), showing the network’s growing strength and security. 
Bitcoin’s renewed momentum comes at a crucial moment. With institutional adoption expanding beyond the US and miners showing record resilience, the world’s largest cryptocurrency is once again proving why it remains the core of the digital asset market.
#BinanceHODLerTURTLE #MarketPullback #USBitcoinReservesSurge #Ripple1BXRPReserve $BTC
