Bitcoin sets a new all-time high

 

Remo
Remo Zuiderwijk Content Specialist

8 October 2025

Every week, Amdax summarizes what’s happening in the crypto market for you. Want to dive deeper? Click on the links in this email for more insights.

This newsletter is a co-production with our partner, Bitcoin Alpha   

Market update

Stay informed in three steps:

1. Bitcoin hits a new record
On Monday evening, bitcoin reached a new all-time high of around $126,000 (€107,000). The peaks from August and January were broken, though the breakout proved short-lived as prices slightly pulled back in the days that followed. Market sentiment remains positive, but without the strong momentum that typically marks a decisive breakout.

2. ETF inflows accelerate
October is off to a strong start for U.S. spot ETFs. In the first five trading days of the month, more than $4.3 billion flowed into bitcoin funds and $1.2 billion into ether funds. The inflows are broad-based, reflecting growing interest from both traditional and institutional investors.

3. Gold, silver, and equities continue to climb
Optimism extends beyond crypto. Gold rose to a new record of just over $4,000 per ounce, while silver traded just below $50. U.S. equity indices also reached fresh highs. Bitcoin is moving in step with this positive sentiment, although most altcoins continue to lag behind.
 

News overview

The key headlines from this week:

  • Ambitious raises €30 million for bitcoin treasury. The Amsterdam-based bitcoin treasury firm, founded by Amdax, successfully closed its first funding round. With a €30 million investment, the company will begin building an independent bitcoin reserve.
  • Grayscale introduces staking for ether ETFs. The first U.S. provider to integrate staking into its ether ETFs, allowing investors to earn yield in the form of additional ether. The feature is enabled through regulated custodians and marks another step in the institutional adoption of staking within investment products.
  • Vanguard reconsiders bitcoin exposure. After years of saying “never,” the world’s second-largest asset manager is exploring access to bitcoin ETFs for its clients. The shift is driven by persistent customer demand and a more favorable regulatory climate. Bloomberg analyst Eric Balchunas calls it a smart move and credits CEO Salim Ramji, formerly involved in launching BlackRock’s successful bitcoin fund IBIT, as the key force behind the change.
  • Eric Trump predicts an “unbelievable” Q4. In an interview, Trump claimed that “the future [is] incredible” and that bitcoin could “go to a million” before year-end. It’s not his first foray as a crypto commentator, though critics note his personal financial interests, including through his project World Liberty Finance. The message fits neatly into the media circus surrounding the Trump family.
  • Perpetuals trading on DEXs hits a record. September saw over $1 trillion in volume traded on decentralized exchanges, nearly 50% more than in August. The surge was driven by newcomers like Lighter on Ethereum and Aster on BNB Chain, which overtook Hyperliquid as the market leader. Aster alone processed $576 billion and is now considering launching its own blockchain network.
  • Avalanche Treasury merges with Mountain Lake in a $675 million deal. The new company aims to give institutional investors access to AVAX through an IPO, and will purchase $200 million in discounted tokens from the Avalanche Foundation. Over time, it plans to buy back more than $1 billion in AVAX and invest in ecosystem growth.

Amdax's take

The correction that began in August appears to have run its course. The fundamentals remain strong: ETF inflows continue, and the addition of staking to ether funds marks another step in the maturation of crypto as an asset class. While gold, silver, and equities are setting new records, crypto is still moving cautiously in tandem. Once the catch-up begins, it could move quickly.

Behind the scenes

Amdax Housewarming

On Wednesday evening, October 1, we opened the doors of our new office to a select group of clients. In a warm and welcoming setting, we celebrated the milestones Amdax has achieved in recent months over drinks and conversation.

Guests had the opportunity to explore the new office and experience a digital art collection created specially for the occasion. An inspiring evening dedicated to connection and looking ahead.

DSC08819 1
Remo
Remo Zuiderwijk Content Specialist

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