- Specs News
- Posts
- 10/30/24: One ETF To Rule Them All 🗿💰💸
10/30/24: One ETF To Rule Them All 🗿💰💸
Top News
BlackRock’s Bitcoin ETF hits $30B AUM in record time
Optimism Foundation grants $42M to Kraken to build new L2
Coinbase and Visa partner for real-time crypto funding

Specs’ Insights
1. BlackRock’s Bitcoin ETF hits $30B AUM in record time
JUST IN: 🇺🇸 BlackRock’s #Bitcoin ETF has surpassed $30 billion in assets in record time.
The fastest growing ETF in history 🚀
— Bitcoin Magazine (@BitcoinMagazine)
12:05 PM • Oct 30, 2024
⌐◪-◪ → Greatest ETF of all time. BlackRock’s Bitcoin ETF just surpassed $30M in assets since its launch in January, making it the fastest-growing ETF of all time.
This comes after a massive $868M in daily inflows — one of the largest since the launch. Given the hype and Bitcoin inching towards new all-time highs, we might see a new record for daily inflows soon.
To put it in perspective, Gold’s ETF took 1,790 days to reach $30B. BlackRock did it 6x faster in just 299 days.
If you’re still fading crypto, I don’t know what to tell you. Everybody gets Bitcoin at the price they deserve.
2. Optimism Foundation grants $42M to Kraken to build new L2
Optimism Foundation offered 25M OP tokens to attract Kraken’s L2 to the Superchain
via @pelimatos
— CryptoSlate (@CryptoSlate)
12:45 AM • Oct 30, 2024
⌐◪-◪ → Here we go, another L2. Kraken just received a $42M grant from the Optimism Foundation to build their own L2 called INK.
The L2 will be built on the OP Stack alongside networks like Base, Mantle, Zora, Worldcoin, and more.
To be honest, I’m getting a bit tired of the seemingly infinite new L2s. It feels like a land grab driven by greed rather than an exploration of new frontiers in crypto, NFTs, or DeFi — but maybe I’m wrong.
I just hate seeing players burn millions to build the same thing over and over with no end in sight. What do you think, chat? LMK in Specs.Chat.
3. Coinbase and Visa partner for real-time crypto funding
Excited for Visa to partner with @coinbase to help them utilize Visa Direct to fund Coinbase accounts and enable real time cash outs
investor.visa.com/news/news-deta…
— Cuy Sheffield (@cuysheffield)
12:47 AM • Oct 30, 2024
⌐◪-◪ → TradFi and DeFi are merging. Coinbase just partnered with Visa to reduce friction for crypto purchases.
This partnership lets Visa debit card users instantly fund their Coinbase accounts via Visa Direct — a real-time payment system.
The move comes after Crypto.com overtook Coinbase in July as the top centralized exchange by monthly USD trading volume.
The lines between TradFi and DeFi are more blurred than ever, with debit cards that let you onramp into Coinbase instantly and smart wallets that make it easy to spend Coinbase CEX funds onchain.
It’s still a lot of steps for the average user, but access to crypto is getting easier every day. Shoutout to Cuy Sheffield for leading the charge at VISA and setting a new bar for the entire FinTech industry.

Everything Else
⛓️ Crypto & DeFi
Bitcoin price nears new record high of $74k
Bitcoin hashrate hits new all-time high
Circle raises stablecoin fees as competition grows
MetaMask maker Consensys cuts 20% of workforce
Polymarket election market open interest surges
Stacks L2 activates long-awaited 'Nakamoto' upgrade
Bitcoin miner HIVE set to double hashrate
AgriDex partners with Stripe-acquired Bridge for crypto onramp
Binance Wealth launched by Binance for elite clients
Ethereum community doesn’t need to justify present limitations, says Vitalik
Ethereum staking rewards remain lower than other PoS chains
Celestia’s TIA braces for volatility amid $900M token unlock
Chainlink unveils modular architecture across multiple chains
🏦 Wallstreet & VC
BlackRock sees record ETF inflows amid BTC rally
Crypto trading firm DWF Labs fires partner after allegations
Coinbase Q3 earnings may suffer due to trading slump
Crypto stocks see modest gains as BTC nears record high
OKX Ventures backs $10M Telegram growth hub for TON
DePIN needed more by enterprises, says Coindesk
🏛️ Legal & Regulatory
U.S. Treasury omits crypto from new inclusion strategy
Crypto Council for Innovation boosts staking advocacy with new partnerships
Republican sweep could pave way for U.S. crypto bills, say analysts
Biden thanks Nigerian President for Binance exec release
Paxos CEO warns U.S. risks losing crypto leadership without regs
Florida CFO urges State pension funds to consider crypto
Crypto ghosted in U.S. Treasury’s financial inclusion strategy
Bitmain denies ties to Huawei supply chain investigation
🌎 Rest of the World
🖼️ NFTs & Metaverse
NBA Topshot NFT sales surge as season starts
Filecoin prepares 100M token airdrop for Glif
Tomarket Telegram game offers airdrop booster ahead of launch
Terminal of Truths developer secures tokens after hack
Rekt Drinks launches first sale via website
