Crypto Today: ETF Boom, New S&P Index, and ICE’s $2B Tokenization Bet
1. Record ETF Inflows Fuel Market
Crypto ETFs pulled in $5.95 billion in the week ending October 4. Bitcoin led with $3.55B, followed by ether ($1.48B), solana ($706.5M), and XRP ($219.4M). The surge came right as bitcoin hit a record $126,223.
2. S&P Launches Combined Crypto-Stock Index
The S&P Digital Markets 50 debuted, blending 15 cryptos with 35 public companies tied to the digital economy. Each asset capped at 5% to prevent dominance, and Dinari plans to tokenize the index by year-end.
3. ICE Commits Big to Tokenized Prediction Markets
Intercontinental Exchange (ICE), owner of NYSE, announced up to $2 billion in funding for Polymarket, a decentralized platform for event-based prediction markets. It’s a major institutional step into tokenized finance.
4. Bitcoin Pulls Back Slightly Amid Broader Strength
After touching $126K, Bitcoin cooled to $124,234. Despite the dip, the overall crypto market stayed resilient — ETH gained slightly while SOL and XRP saw mild pullbacks.
Takeaway
October 7 shows how deep the shift runs: ETFs and indexes are building the bridge from Wall Street to Web3, while ICE’s investment highlights how tokenization is no longer theory — it’s becoming infrastructure.
