ETFs are using perps to offer exposure to OpenAI and Anthropic. Two US ETFs launched this month use swaps linked to perps for that exposure. 21Shares also launched an Anthropic ETP in Europe. This is a huge success case for crypto! It will bring even more liquidity to perps, making them even more important for price discovery of pre-IPO assets. Huge usecase when we bring illiquid (pre-IPO assets) and making them liquid and instantly tradable globally. And obviously, more fees -> buybacks to our onchain perp tokens: $LIT, $VAR, $HYPE etc

ETF FLOWS: THE BIG PICTURE October’s ETF flows have been highly inconsistent. Bitcoin attracted hundreds of millions in daily inflows, only to see much of that momentum reverse within days. Key moves: ☑ Oct. 7: BTC ETFs lost $484.9M. ☑ Oct. 19: BTC ETFs gained $526.7M. ☑ Oct. 20: BTC ETFs gained $23.2M. ☑ Oct. 21: BTC ETFs gained another $524.8M. ☑ Oct. 22: BTC ETFs lost $635.6M. ☑ Oct. 23: BTC ETFs lost another $137.9M. The trading week of October 19–23 ended with Bitcoin ETFs still net positive by approximately $301.2M, despite the late-week redemptions. Ethereum told a different story. ETH ETFs lost approximately $220.7M during the same trading week, while Solana ETFs recorded roughly $17.6M in outflows. What the data tells us: ➠ Bitcoin ETF demand remains highly volatile. ➠ Ethereum flows have faced more persistent pressure. ➠ Large daily inflows do not guarantee sustained demand. ➠One session is not enough to confirm a lasting trend. The next signal to watch is whether Bitcoin flows stabilize and ETH outflows begin to ease.

ETF buyers came back in size yesterday. US spot bitcoin:native ETFs took in $663M, the most in a day since September, and all of it went into BlackRock's IBIT. That single day erased the funds' net outflows for October. Follow-through would confirm the demand is back.

ETF question nobody on the street can answer? Ask us instead. Expense ratios. Comparing ETFs. Index vs. active. Bring your questions to r/iShares on Reddit: #ETFs# #Investing#

ETF Creator Mode is live. You can now launch your own ETF that anyone can buy, and earn a share of the fees generated by the entire fund. Turn any thesis into an ETF that rewards you.