<p>Ch&agrave;o m&#7915;ng b&#7841;n &#273;&#7871;n v&#7899;i B&#7843;n tin S&aacute;ng c&#7911;a US Crypto News&mdash;n&#417;i cung c&#7845;p nh&#7919;ng th&ocirc;ng tin quan tr&#7885;ng nh&#7845;t v&#7873; ti&#7873;n &#273;i&#7879;n t&#7917; cho ng&agrave;y h&ocirc;m nay.</p>
<p>H&atilde;y nh&acirc;m nhi m&#7897;t t&aacute;ch c&agrave; ph&ecirc; &#273;&#7875; &#273;&#7885;c v&#7873; c&aacute;ch d&ograve;ng ti&#7873;n c&#7911;a c&aacute;c t&#7893; ch&#7913;c k&#7875; c&acirc;u chuy&#7879;n v&#7873; s&#7921; th&#7889;ng tr&#7883;, ph&#7909; thu&#7897;c v&agrave; t&iacute;ch l&#361;y s&acirc;u s&#7855;c. Trung t&acirc;m c&#7911;a c&acirc;u chuy&#7879;n l&agrave; BlackRock, &#273;ang h&#7895; tr&#7907; m&#7897;t h&#7879; sinh th&aacute;i ETF mong manh m&agrave; c&oacute; th&#7875; kh&ocirc;ng &#273;&#7913;ng v&#7919;ng n&#7871;u thi&#7871;u n&oacute;.</p>
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-crypto-news-of-the-day-ibit-s-outsized-impact-and-concentration-risk">Tin t&#7913;c ti&#7873;n &#273;i&#7879;n t&#7917; trong ng&agrave;y: T&aacute;c &#273;&#7897;ng l&#7899;n v&agrave; r&#7911;i ro t&#7853;p trung c&#7911;a IBIT</h2>

<p>IBIT c&#7911;a BlackRock &#273;&atilde; &#273;&oacute;ng g&oacute;p 28.1 t&#7927; USD v&agrave;o d&ograve;ng ti&#7873;n r&ograve;ng t&#7915; &#273;&#7847;u n&#259;m &#273;&#7871;n nay cho <a href="https://beincrypto.com/learn/what-is-bitcoin-etf" target="_blank" rel="noreferrer noopener">Bitcoin ETF t&#7841;i M&#7929;</a>, v&#432;&#7907;t qua l&#7907;i nhu&#7853;n c&#7911;a ng&agrave;nh v&agrave; ti&#7871;t l&#7897; m&#7897;t n&#7873;n t&#7843;ng mong manh cho vi&#7879;c ch&#7845;p nh&#7853;n ti&#7873;n &#273;i&#7879;n t&#7917; c&#7911;a c&aacute;c t&#7893; ch&#7913;c. Ngo&agrave;i IBIT, c&aacute;c Bitcoin ETF &#273;&atilde; g&#7863;p ph&#7843;i d&ograve;ng ti&#7873;n &acirc;m, g&acirc;y lo ng&#7841;i v&#7873; ni&#7873;m tin th&#7883; tr&#432;&#7901;ng r&#7897;ng l&#7899;n h&#417;n.</p>
<p>V&agrave;o ng&agrave;y 27/10/2025, <a href="https://beincrypto.com/learn/how-to-prepare-bitcoin-etf" target="_blank" rel="noreferrer noopener">Bitcoin ETF t&#7841;i M&#7929;</a> &#273;&atilde; ch&#7913;ng ki&#7871;n d&ograve;ng ti&#7873;n v&agrave;o 1,300 BTC (kho&#7843;ng 149.3 tri&#7879;u USD), t&#432;&#417;ng &#273;&#432;&#417;ng v&#7899;i l&#432;&#7907;ng Bitcoin m&#7899;i trong ba ng&agrave;y. &#272;i&#7873;u n&agrave;y cho th&#7845;y nhu c&#7847;u l&acirc;u d&agrave;i t&#7915; c&aacute;c t&#7893; ch&#7913;c, nh&#432;ng g&#7847;n nh&#432; t&#7845;t c&#7843; &#273;&#7873;u th&ocirc;ng qua IBIT. C&aacute;c &#273;&#7889;i th&#7911; v&#7851;n ti&#7871;p t&#7909;c &#273;&#7889;i m&#7863;t v&#7899;i th&aacute;ch th&#7913;c, ngay c&#7843; khi s&#7921; quan t&acirc;m &#273;&#7871;n <a href="https://beincrypto.com/why-is-the-crypto-market-down-today/" target="_blank" rel="noopener">t&agrave;i s&#7843;n k&#7929; thu&#7853;t s&#7889;</a> ng&agrave;y c&agrave;ng t&#259;ng.</p>
<img style="height:400px;width:640px;" decoding="async" alt="Bitcoin ETF Flows" class="wp-image-766281 lazy" loading="lazy" src="https://assets.beincrypto.com/img/kL3kgKc1wmPatrqu0BqbK8n51Zo=/smart/a69b7a19658e4e4484c36591b7ccacb3">D&ograve;ng ti&#7873;n Bitcoin ETF. Ngu&#7891;n: <a href="https://farside.co.uk/btc/" target="_blank" rel="noreferrer noopener nofollow">Farside Investors</a>

<p>S&#7889; li&#7879;u g&#7847;n &#273;&acirc;y cho th&#7845;y m&#7897;t m&ocirc; h&igrave;nh r&otilde; r&agrave;ng. IBIT c&#7911;a BlackRock &#273;&atilde; th&uacute;c &#273;&#7849;y d&ograve;ng ti&#7873;n r&ograve;ng d&#432;&#417;ng cho Bitcoin ETF t&#7841;i M&#7929;, v&#432;&#7907;t qua c&aacute;c &#273;&#7889;i th&#7911;.</p>
<p>Theo <a href="https://farside.co.uk/btc/" target="_blank" rel="noreferrer noopener nofollow">Farside Investors</a>, Bitcoin ETF t&#7841;i M&#7929; &#273;&atilde; b&aacute;o c&aacute;o d&ograve;ng ti&#7873;n r&ograve;ng 26.9 t&#7927; USD trong n&#259;m nay, nh&#432;ng 28.1 t&#7927; USD &#273;&#7871;n t&#7915; IBIT. N&#7871;u kh&ocirc;ng c&oacute; IBIT, d&ograve;ng ti&#7873;n trong c&aacute;c ETF kh&aacute;c, nh&#432; FBTC c&#7911;a Fidelity v&agrave; BITB c&#7911;a Bitwise, &#273;&#7873;u kh&ocirc;ng thay &#273;&#7893;i ho&#7863;c &acirc;m.</p>
<blockquote class="max-w-xl text-4.5 border-l-2 border-blue-600 pl-11 mb-9 select-all [&amp;_p]:!mb-0 wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
<p>&ldquo;Kh&ocirc;ng c&oacute; BlackRock, kh&ocirc;ng c&oacute; b&#7919;a ti&#7879;c? BTC ETF t&#259;ng 26.9 t&#7927; USD t&#7915; &#273;&#7847;u n&#259;m, nh&#432;ng 28.1 t&#7927; USD &#273;&#7871;n t&#7915; IBIT c&#7911;a BlackRock. Ngo&agrave;i IBIT, d&ograve;ng ti&#7873;n l&agrave; &acirc;m. BlackRock kh&ocirc;ng c&oacute; m&#7863;t trong l&agrave;n s&oacute;ng altcoin ETF s&#7855;p t&#7899;i. C&#417; h&#7897;i cho c&aacute;c &#273;&#7889;i th&#7911; &#273;&#7875; &#273;&#7843;m b&#7843;o d&ograve;ng ti&#7873;n m&#7841;nh, nh&#432;ng t&#7893;ng th&#7875;, c&oacute; th&#7875; h&#7841;n ch&#7871; d&ograve;ng ti&#7873;n chung,&rdquo; <a href="https://x.com/VetleLunde/status/1983103722873110923" target="_blank" rel="noreferrer noopener nofollow">vi&#7871;t</a> Velte Lunde, tr&#432;&#7903;ng b&#7897; ph&#7853;n nghi&ecirc;n c&#7913;u t&#7841;i K33 Research.</p>
</blockquote>

<img style="height:400px;width:640px;" decoding="async" alt="K33 Research charts BTC/ETH ETF cumulative flows (2025) and ex-IBIT breakdown" class="wp-image-766269 lazy" style="width:877px;height:auto" loading="lazy" src="https://assets.beincrypto.com/img/J8RT-qd0qwnWrC8aslrD_m8E5fw=/smart/5650dce1d0a04ae3b3a077e381862910">Bi&#7875;u &#273;&#7891; d&ograve;ng ti&#7873;n ETF t&#7915; K33 Research. Ngu&#7891;n: <a href="https://x.com/VetleLunde/status/1983103722873110923" target="_blank" rel="noreferrer noopener nofollow">Tr&#432;&#7903;ng b&#7897; ph&#7853;n nghi&ecirc;n c&#7913;u Vetle Lunde</a>

<p>S&#7921; ph&#7909; thu&#7897;c v&agrave;o m&#7897;t qu&#7929; n&agrave;y cho th&#7845;y m&#7897;t &#273;i&#7875;m y&#7871;u quan tr&#7885;ng. N&#7871;u BlackRock gi&#7843;m quy m&ocirc;, d&ograve;ng ti&#7873;n t&#7915; c&aacute;c t&#7893; ch&#7913;c c&oacute; th&#7875; nhanh ch&oacute;ng bi&#7871;n m&#7845;t. S&#7921; t&#7853;p trung n&agrave;y c&oacute; th&#7875; &#273;&#7883;nh h&igrave;nh nh&#7853;n th&#7913;c v&#7873; ni&#7873;m tin c&#7911;a c&aacute;c t&#7893; ch&#7913;c v&agrave;o <a href="https://vn.beincrypto.com/is-the-dollar-losing-its-crown/" target="_blank" rel="noopener">t&agrave;i ch&iacute;nh to&agrave;n c&#7847;u</a>.</p>
<p>V&agrave;o c&ugrave;ng ng&agrave;y v&#7899;i d&ograve;ng ti&#7873;n Bitcoin &#273;&aacute;ng ch&uacute; &yacute;, <a href="https://beincrypto.com/learn/eth-etf-explained" target="_blank" rel="noreferrer noopener">Ethereum ETF t&#7841;i M&#7929;</a> &#273;&atilde; th&ecirc;m 32,220 ETH, tr&#7883; gi&aacute; 133.9 tri&#7879;u USD theo <a href="https://farside.co.uk/eth/" target="_blank" rel="noreferrer noopener nofollow">Farside</a>.</p>
<p>M&#7863;c d&ugrave; &#273;&aacute;ng k&#7875;, kh&ocirc;ng c&oacute; Ethereum ETF n&agrave;o &#273;&#7841;t &#273;&#432;&#7907;c s&#7921; th&#7889;ng tr&#7883; c&#7911;a IBIT. &#272;i&#7873;u n&agrave;y cho th&#7845;y s&#7921; quan t&acirc;m ng&agrave;y c&agrave;ng t&#259;ng nh&#432;ng ph&acirc;n t&aacute;n h&#417;n t&#7915; c&aacute;c t&#7893; ch&#7913;c &#273;ang kh&aacute;m ph&aacute; ngo&agrave;i Bitcoin.</p>
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-institutions-treat-crypto-as-core-part-of-finance">C&aacute;c t&#7893; ch&#7913;c coi crypto l&agrave; ph&#7847;n c&#7889;t l&otilde;i c&#7911;a t&agrave;i ch&iacute;nh</h2>

<p>Trong khi &#273;&oacute;, d&#7919; li&#7879;u t&#7915; Bitwise cho th&#7845;y r&#7857;ng c&aacute;c ng&acirc;n h&agrave;ng, nh&agrave; qu&#7843;n l&yacute; t&agrave;i s&#7843;n v&agrave; c&ocirc;ng ty thanh to&aacute;n coi ti&#7873;n &#273;i&#7879;n t&#7917; l&agrave; m&#7897;t ph&#7847;n c&#7889;t l&otilde;i c&#7911;a t&agrave;i ch&iacute;nh. Chuy&#7875;n t&#7915; ng&aacute;ch sang ch&iacute;nh th&#7889;ng, c&aacute;c c&ocirc;ng ty l&#7899;n &#273;ang t&#259;ng c&#432;&#7901;ng ti&#7871;p x&uacute;c th&ocirc;ng qua l&#432;u k&yacute;, token h&oacute;a v&agrave; s&#7843;n ph&#7849;m ETF. S&#7921; thay &#273;&#7893;i n&agrave;y s&#7869; kh&oacute; c&oacute; th&#7875; x&#7843;y ra ch&#7881; v&agrave;i n&#259;m tr&#432;&#7899;c &#273;&acirc;y.</p>
<img style="height:400px;width:640px;" decoding="async" alt="Bitwise institutional participation table (banks, funds, payment giants)" class="wp-image-766270 lazy" loading="lazy" src="https://assets.beincrypto.com/img/W9OTZn0-g_vsUugQ1dNlhm2JlG4=/smart/71282eecc53c4cea8c6885f9743f1df1">H&igrave;nh &#7843;nh ch&#7845;p nh&#7853;n c&#7911;a c&aacute;c t&#7893; ch&#7913;c. Ngu&#7891;n: Bitwise qua <a href="https://x.com/kyledoops/status/1983111561154814261" target="_blank" rel="noopener">Kyle Doops</a>

<blockquote class="max-w-xl text-4.5 border-l-2 border-blue-600 pl-11 mb-9 select-all [&amp;_p]:!mb-0 wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
<p>&ldquo;C&aacute;c t&#7893; ch&#7913;c &#273;ang &acirc;m th&#7847;m &#273;&#7847;u t&#432; to&agrave;n b&#7897;. Ng&acirc;n h&agrave;ng, qu&#7929; v&agrave; c&aacute;c c&ocirc;ng ty thanh to&aacute;n l&#7899;n ti&#7871;p t&#7909;c t&#259;ng c&#432;&#7901;ng ti&#7871;p x&uacute;c m&#7895;i tu&#7847;n. Ti&#7873;n &#273;i&#7879;n t&#7917; kh&ocirc;ng c&ograve;n l&agrave; m&#7897;t c&#432;&#7907;c ph&#7909; &ndash; n&oacute; &#273;ang tr&#7903; th&agrave;nh m&#7897;t ph&#7847;n c&#7911;a h&#7879; th&#7889;ng,&rdquo; <a href="https://x.com/kyledoops/status/1983111561154814261" target="_blank" rel="noreferrer noopener nofollow">vi&#7871;t</a> nh&agrave; ph&acirc;n t&iacute;ch Kyle Doops.</p>
</blockquote>

<p>Nghi&ecirc;n c&#7913;u c&#7911;a CoinShares x&aacute;c nh&#7853;n xu h&#432;&#7899;ng n&agrave;y. C&aacute;c s&#7843;n ph&#7849;m &#273;&#7847;u t&#432; Bitcoin &#273;&atilde; thu h&uacute;t <a href="https://vn.beincrypto.com/crypto-inflows-rate-cut-optimism/" target="_blank" rel="noreferrer noopener">931 tri&#7879;u USD d&ograve;ng ti&#7873;n v&agrave;o</a> trong tu&#7847;n k&#7871;t th&uacute;c v&agrave;o ng&agrave;y 24/10/2025, n&acirc;ng t&#7893;ng s&#7889; h&agrave;ng n&#259;m l&ecirc;n 30.2 t&#7927; USD.</p>
<p>Tuy nhi&ecirc;n, d&ograve;ng ti&#7873;n ra m&#7841;nh m&#7869; trong tu&#7847;n tr&#432;&#7899;c &#273;&oacute; nh&#7845;n m&#7841;nh s&#7921; bi&#7871;n &#273;&#7897;ng li&ecirc;n t&#7909;c v&agrave; t&acirc;m l&yacute; thay &#273;&#7893;i v&#7851;n &#7843;nh h&#432;&#7903;ng &#273;&#7871;n <a href="https://beincrypto.com/why-is-the-crypto-market-down-today/" target="_blank" rel="noopener">th&#7883; tr&#432;&#7901;ng ti&#7873;n &#273;i&#7879;n t&#7917;</a>.</p>
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-chart-of-the-day">Bi&#7875;u &#273;&#7891; trong ng&agrave;y</h2>
 
<img style="height:400px;width:640px;" decoding="async" alt="BlackRock iShares Bitcoin Trust (IBIT)" class="wp-image-766294 lazy" style="width:877px;height:auto" loading="lazy" src="https://assets.beincrypto.com/img/mfUYOZcoHp2oDqWeeSnurapvW-Y=/smart/df9085c75a3745798a8ec7db28a35506">BlackRock iShares Bitcoin Trust (IBIT). Ngu&#7891;n: <a href="https://sosovalue.com/bigChart/Etf_NASDAQ_IBIT?title=iShares%20Bitcoin%20Trust(IBIT)&amp;coin=BTC&amp;page=usBTC" target="_blank" rel="noreferrer noopener nofollow">SoSoValue</a>

<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-byte-sized-alpha">Alpha k&iacute;ch th&#432;&#7899;c byte</h2>

<p>D&#432;&#7899;i &#273;&acirc;y l&agrave; t&oacute;m t&#7855;t m&#7897;t s&#7889; tin t&#7913;c crypto t&#7841;i M&#7929; h&ocirc;m nay:</p>


BlackRock giữ vững lập trường khi các quỹ ETF Bitcoin tiết lộ nền tảng mong manh | US Crypto News

<p>Ch&agrave;o m&#7915;ng b&#7841;n &#273;&#7871;n v&#7899;i B&#7843;n tin S&aacute;ng c&#7911;a US Crypto News&mdash;n&#417;i cung c&#7845;p nh&#7919;ng th&ocirc;ng tin quan tr&#7885;ng nh&#7845;t v&#7873; ti&#7873;n &#273;i&#7879;n t&#7917; cho ng&agrave;y h&ocirc;m nay.</p>
<p>H&atilde;y nh&acirc;m nhi m&#7897;t t&aacute;ch c&agrave; ph&ecirc; &#273;&#7875; &#273;&#7885;c v&#7873; c&aacute;ch d&ograve;ng ti&#7873;n c&#7911;a c&aacute;c t&#7893; ch&#7913;c k&#7875; c&acirc;u chuy&#7879;n v&#7873; s&#7921; th&#7889;ng tr&#7883;, ph&#7909; thu&#7897;c v&agrave; t&iacute;ch l&#361;y s&acirc;u s&#7855;c. Trung t&acirc;m c&#7911;a c&acirc;u chuy&#7879;n l&agrave; BlackRock, &#273;ang h&#7895; tr&#7907; m&#7897;t h&#7879; sinh th&aacute;i ETF mong manh m&agrave; c&oacute; th&#7875; kh&ocirc;ng &#273;&#7913;ng v&#7919;ng n&#7871;u thi&#7871;u n&oacute;.</p>
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-crypto-news-of-the-day-ibit-s-outsized-impact-and-concentration-risk">Tin t&#7913;c ti&#7873;n &#273;i&#7879;n t&#7917; trong ng&agrave;y: T&aacute;c &#273;&#7897;ng l&#7899;n v&agrave; r&#7911;i ro t&#7853;p trung c&#7911;a IBIT</h2>

<p>IBIT c&#7911;a BlackRock &#273;&atilde; &#273;&oacute;ng g&oacute;p 28.1 t&#7927; USD v&agrave;o d&ograve;ng ti&#7873;n r&ograve;ng t&#7915; &#273;&#7847;u n&#259;m &#273;&#7871;n nay cho <a href="https://beincrypto.com/learn/what-is-bitcoin-etf" target="_blank" rel="noreferrer noopener">Bitcoin ETF t&#7841;i M&#7929;</a>, v&#432;&#7907;t qua l&#7907;i nhu&#7853;n c&#7911;a ng&agrave;nh v&agrave; ti&#7871;t l&#7897; m&#7897;t n&#7873;n t&#7843;ng mong manh cho vi&#7879;c ch&#7845;p nh&#7853;n ti&#7873;n &#273;i&#7879;n t&#7917; c&#7911;a c&aacute;c t&#7893; ch&#7913;c. Ngo&agrave;i IBIT, c&aacute;c Bitcoin ETF &#273;&atilde; g&#7863;p ph&#7843;i d&ograve;ng ti&#7873;n &acirc;m, g&acirc;y lo ng&#7841;i v&#7873; ni&#7873;m tin th&#7883; tr&#432;&#7901;ng r&#7897;ng l&#7899;n h&#417;n.</p>
<p>V&agrave;o ng&agrave;y 27/10/2025, <a href="https://beincrypto.com/learn/how-to-prepare-bitcoin-etf" target="_blank" rel="noreferrer noopener">Bitcoin ETF t&#7841;i M&#7929;</a> &#273;&atilde; ch&#7913;ng ki&#7871;n d&ograve;ng ti&#7873;n v&agrave;o 1,300 BTC (kho&#7843;ng 149.3 tri&#7879;u USD), t&#432;&#417;ng &#273;&#432;&#417;ng v&#7899;i l&#432;&#7907;ng Bitcoin m&#7899;i trong ba ng&agrave;y. &#272;i&#7873;u n&agrave;y cho th&#7845;y nhu c&#7847;u l&acirc;u d&agrave;i t&#7915; c&aacute;c t&#7893; ch&#7913;c, nh&#432;ng g&#7847;n nh&#432; t&#7845;t c&#7843; &#273;&#7873;u th&ocirc;ng qua IBIT. C&aacute;c &#273;&#7889;i th&#7911; v&#7851;n ti&#7871;p t&#7909;c &#273;&#7889;i m&#7863;t v&#7899;i th&aacute;ch th&#7913;c, ngay c&#7843; khi s&#7921; quan t&acirc;m &#273;&#7871;n <a href="https://beincrypto.com/why-is-the-crypto-market-down-today/" target="_blank" rel="noopener">t&agrave;i s&#7843;n k&#7929; thu&#7853;t s&#7889;</a> ng&agrave;y c&agrave;ng t&#259;ng.</p>
<img style="height:400px;width:640px;"decoding="async" alt="Bitcoin ETF Flows" class="wp-image-766281 lazy" loading="lazy" src="https://assets.beincrypto.com/img/kL3kgKc1wmPatrqu0BqbK8n51Zo=/smart/a69b7a19658e4e4484c36591b7ccacb3">D&ograve;ng ti&#7873;n Bitcoin ETF. Ngu&#7891;n: <a href="https://farside.co.uk/btc/" target="_blank" rel="noreferrer noopener nofollow">Farside Investors</a>

<p>S&#7889; li&#7879;u g&#7847;n &#273;&acirc;y cho th&#7845;y m&#7897;t m&ocirc; h&igrave;nh r&otilde; r&agrave;ng. IBIT c&#7911;a BlackRock &#273;&atilde; th&uacute;c &#273;&#7849;y d&ograve;ng ti&#7873;n r&ograve;ng d&#432;&#417;ng cho Bitcoin ETF t&#7841;i M&#7929;, v&#432;&#7907;t qua c&aacute;c &#273;&#7889;i th&#7911;.</p>
<p>Theo <a href="https://farside.co.uk/btc/" target="_blank" rel="noreferrer noopener nofollow">Farside Investors</a>, Bitcoin ETF t&#7841;i M&#7929; &#273;&atilde; b&aacute;o c&aacute;o d&ograve;ng ti&#7873;n r&ograve;ng 26.9 t&#7927; USD trong n&#259;m nay, nh&#432;ng 28.1 t&#7927; USD &#273;&#7871;n t&#7915; IBIT. N&#7871;u kh&ocirc;ng c&oacute; IBIT, d&ograve;ng ti&#7873;n trong c&aacute;c ETF kh&aacute;c, nh&#432; FBTC c&#7911;a Fidelity v&agrave; BITB c&#7911;a Bitwise, &#273;&#7873;u kh&ocirc;ng thay &#273;&#7893;i ho&#7863;c &acirc;m.</p>
<blockquote class="max-w-xl text-4.5 border-l-2 border-blue-600 pl-11 mb-9 select-all [&amp;_p]:!mb-0 wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
<p>&ldquo;Kh&ocirc;ng c&oacute; BlackRock, kh&ocirc;ng c&oacute; b&#7919;a ti&#7879;c? BTC ETF t&#259;ng 26.9 t&#7927; USD t&#7915; &#273;&#7847;u n&#259;m, nh&#432;ng 28.1 t&#7927; USD &#273;&#7871;n t&#7915; IBIT c&#7911;a BlackRock. Ngo&agrave;i IBIT, d&ograve;ng ti&#7873;n l&agrave; &acirc;m. BlackRock kh&ocirc;ng c&oacute; m&#7863;t trong l&agrave;n s&oacute;ng altcoin ETF s&#7855;p t&#7899;i. C&#417; h&#7897;i cho c&aacute;c &#273;&#7889;i th&#7911; &#273;&#7875; &#273;&#7843;m b&#7843;o d&ograve;ng ti&#7873;n m&#7841;nh, nh&#432;ng t&#7893;ng th&#7875;, c&oacute; th&#7875; h&#7841;n ch&#7871; d&ograve;ng ti&#7873;n chung,&rdquo; <a href="https://x.com/VetleLunde/status/1983103722873110923" target="_blank" rel="noreferrer noopener nofollow">vi&#7871;t</a> Velte Lunde, tr&#432;&#7903;ng b&#7897; ph&#7853;n nghi&ecirc;n c&#7913;u t&#7841;i K33 Research.</p>
</blockquote>

<img style="height:400px;width:640px;"decoding="async" alt="K33 Research charts BTC/ETH ETF cumulative flows (2025) and ex-IBIT breakdown" class="wp-image-766269 lazy" style="width:877px;height:auto" loading="lazy" src="https://assets.beincrypto.com/img/J8RT-qd0qwnWrC8aslrD_m8E5fw=/smart/5650dce1d0a04ae3b3a077e381862910">Bi&#7875;u &#273;&#7891; d&ograve;ng ti&#7873;n ETF t&#7915; K33 Research. Ngu&#7891;n: <a href="https://x.com/VetleLunde/status/1983103722873110923" target="_blank" rel="noreferrer noopener nofollow">Tr&#432;&#7903;ng b&#7897; ph&#7853;n nghi&ecirc;n c&#7913;u Vetle Lunde</a>

<p>S&#7921; ph&#7909; thu&#7897;c v&agrave;o m&#7897;t qu&#7929; n&agrave;y cho th&#7845;y m&#7897;t &#273;i&#7875;m y&#7871;u quan tr&#7885;ng. N&#7871;u BlackRock gi&#7843;m quy m&ocirc;, d&ograve;ng ti&#7873;n t&#7915; c&aacute;c t&#7893; ch&#7913;c c&oacute; th&#7875; nhanh ch&oacute;ng bi&#7871;n m&#7845;t. S&#7921; t&#7853;p trung n&agrave;y c&oacute; th&#7875; &#273;&#7883;nh h&igrave;nh nh&#7853;n th&#7913;c v&#7873; ni&#7873;m tin c&#7911;a c&aacute;c t&#7893; ch&#7913;c v&agrave;o <a href="https://vn.beincrypto.com/is-the-dollar-losing-its-crown/" target="_blank" rel="noopener">t&agrave;i ch&iacute;nh to&agrave;n c&#7847;u</a>.</p>
<p>V&agrave;o c&ugrave;ng ng&agrave;y v&#7899;i d&ograve;ng ti&#7873;n Bitcoin &#273;&aacute;ng ch&uacute; &yacute;, <a href="https://beincrypto.com/learn/eth-etf-explained" target="_blank" rel="noreferrer noopener">Ethereum ETF t&#7841;i M&#7929;</a> &#273;&atilde; th&ecirc;m 32,220 ETH, tr&#7883; gi&aacute; 133.9 tri&#7879;u USD theo <a href="https://farside.co.uk/eth/" target="_blank" rel="noreferrer noopener nofollow">Farside</a>.</p>
<p>M&#7863;c d&ugrave; &#273;&aacute;ng k&#7875;, kh&ocirc;ng c&oacute; Ethereum ETF n&agrave;o &#273;&#7841;t &#273;&#432;&#7907;c s&#7921; th&#7889;ng tr&#7883; c&#7911;a IBIT. &#272;i&#7873;u n&agrave;y cho th&#7845;y s&#7921; quan t&acirc;m ng&agrave;y c&agrave;ng t&#259;ng nh&#432;ng ph&acirc;n t&aacute;n h&#417;n t&#7915; c&aacute;c t&#7893; ch&#7913;c &#273;ang kh&aacute;m ph&aacute; ngo&agrave;i Bitcoin.</p>
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-institutions-treat-crypto-as-core-part-of-finance">C&aacute;c t&#7893; ch&#7913;c coi crypto l&agrave; ph&#7847;n c&#7889;t l&otilde;i c&#7911;a t&agrave;i ch&iacute;nh</h2>

<p>Trong khi &#273;&oacute;, d&#7919; li&#7879;u t&#7915; Bitwise cho th&#7845;y r&#7857;ng c&aacute;c ng&acirc;n h&agrave;ng, nh&agrave; qu&#7843;n l&yacute; t&agrave;i s&#7843;n v&agrave; c&ocirc;ng ty thanh to&aacute;n coi ti&#7873;n &#273;i&#7879;n t&#7917; l&agrave; m&#7897;t ph&#7847;n c&#7889;t l&otilde;i c&#7911;a t&agrave;i ch&iacute;nh. Chuy&#7875;n t&#7915; ng&aacute;ch sang ch&iacute;nh th&#7889;ng, c&aacute;c c&ocirc;ng ty l&#7899;n &#273;ang t&#259;ng c&#432;&#7901;ng ti&#7871;p x&uacute;c th&ocirc;ng qua l&#432;u k&yacute;, token h&oacute;a v&agrave; s&#7843;n ph&#7849;m ETF. S&#7921; thay &#273;&#7893;i n&agrave;y s&#7869; kh&oacute; c&oacute; th&#7875; x&#7843;y ra ch&#7881; v&agrave;i n&#259;m tr&#432;&#7899;c &#273;&acirc;y.</p>
<img style="height:400px;width:640px;"decoding="async" alt="Bitwise institutional participation table (banks, funds, payment giants)" class="wp-image-766270 lazy" loading="lazy" src="https://assets.beincrypto.com/img/W9OTZn0-g_vsUugQ1dNlhm2JlG4=/smart/71282eecc53c4cea8c6885f9743f1df1">H&igrave;nh &#7843;nh ch&#7845;p nh&#7853;n c&#7911;a c&aacute;c t&#7893; ch&#7913;c. Ngu&#7891;n: Bitwise qua <a href="https://x.com/kyledoops/status/1983111561154814261" target="_blank" rel="noopener">Kyle Doops</a>

<blockquote class="max-w-xl text-4.5 border-l-2 border-blue-600 pl-11 mb-9 select-all [&amp;_p]:!mb-0 wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
<p>&ldquo;C&aacute;c t&#7893; ch&#7913;c &#273;ang &acirc;m th&#7847;m &#273;&#7847;u t&#432; to&agrave;n b&#7897;. Ng&acirc;n h&agrave;ng, qu&#7929; v&agrave; c&aacute;c c&ocirc;ng ty thanh to&aacute;n l&#7899;n ti&#7871;p t&#7909;c t&#259;ng c&#432;&#7901;ng ti&#7871;p x&uacute;c m&#7895;i tu&#7847;n. Ti&#7873;n &#273;i&#7879;n t&#7917; kh&ocirc;ng c&ograve;n l&agrave; m&#7897;t c&#432;&#7907;c ph&#7909; &ndash; n&oacute; &#273;ang tr&#7903; th&agrave;nh m&#7897;t ph&#7847;n c&#7911;a h&#7879; th&#7889;ng,&rdquo; <a href="https://x.com/kyledoops/status/1983111561154814261" target="_blank" rel="noreferrer noopener nofollow">vi&#7871;t</a> nh&agrave; ph&acirc;n t&iacute;ch Kyle Doops.</p>
</blockquote>

<p>Nghi&ecirc;n c&#7913;u c&#7911;a CoinShares x&aacute;c nh&#7853;n xu h&#432;&#7899;ng n&agrave;y. C&aacute;c s&#7843;n ph&#7849;m &#273;&#7847;u t&#432; Bitcoin &#273;&atilde; thu h&uacute;t <a href="https://vn.beincrypto.com/crypto-inflows-rate-cut-optimism/" target="_blank" rel="noreferrer noopener">931 tri&#7879;u USD d&ograve;ng ti&#7873;n v&agrave;o</a> trong tu&#7847;n k&#7871;t th&uacute;c v&agrave;o ng&agrave;y 24/10/2025, n&acirc;ng t&#7893;ng s&#7889; h&agrave;ng n&#259;m l&ecirc;n 30.2 t&#7927; USD.</p>
<p>Tuy nhi&ecirc;n, d&ograve;ng ti&#7873;n ra m&#7841;nh m&#7869; trong tu&#7847;n tr&#432;&#7899;c &#273;&oacute; nh&#7845;n m&#7841;nh s&#7921; bi&#7871;n &#273;&#7897;ng li&ecirc;n t&#7909;c v&agrave; t&acirc;m l&yacute; thay &#273;&#7893;i v&#7851;n &#7843;nh h&#432;&#7903;ng &#273;&#7871;n <a href="https://beincrypto.com/why-is-the-crypto-market-down-today/" target="_blank" rel="noopener">th&#7883; tr&#432;&#7901;ng ti&#7873;n &#273;i&#7879;n t&#7917;</a>.</p>
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-chart-of-the-day">Bi&#7875;u &#273;&#7891; trong ng&agrave;y</h2>
 
<img style="height:400px;width:640px;"decoding="async" alt="BlackRock iShares Bitcoin Trust (IBIT)" class="wp-image-766294 lazy" style="width:877px;height:auto" loading="lazy" src="https://assets.beincrypto.com/img/mfUYOZcoHp2oDqWeeSnurapvW-Y=/smart/df9085c75a3745798a8ec7db28a35506">BlackRock iShares Bitcoin Trust (IBIT). Ngu&#7891;n: <a href="https://sosovalue.com/bigChart/Etf_NASDAQ_IBIT?title=iShares%20Bitcoin%20Trust(IBIT)&amp;coin=BTC&amp;page=usBTC" target="_blank" rel="noreferrer noopener nofollow">SoSoValue</a>

<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-byte-sized-alpha">Alpha k&iacute;ch th&#432;&#7899;c byte</h2>

<p>D&#432;&#7899;i &#273;&acirc;y l&agrave; t&oacute;m t&#7855;t m&#7897;t s&#7889; tin t&#7913;c crypto t&#7841;i M&#7929; h&ocirc;m nay:</p>
