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The SEC's proposal would let investment advisers use state trust companies as custodians and allow self-custody under certain conditions, removing a key barrier that has kept many advisers from offering crypto to clients. This is a structural change that could open the door to a much larger pool of institutional money flowing into Bitcoin.

US spot Bitcoin ETFs recorded $2.65 billion in net inflows for September, their second-largest monthly total since October 2025. Sustained buying at this level shows that institutional demand has not cooled off even with Bitcoin trading near $85,000.

Bitget's CEO detailed how an attacker obtained internal credentials in the September 24 breach, and Bitcoin withdrawals have since resumed. The incident is still alive in the news cycle and keeps exchange security concerns front of mind for traders deciding where to keep funds.
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