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Bitcoin News Roundup for Oct. 6, 2020
As traders remain hopeful and mainstream investment funds increase their exposure to bitcoin miners, CoinDesk’s Markets Daily is back for your latest crypto news roundup!
Updated Sep 14, 2021, 10:05 a.m. Published Oct 6, 2020, 4:00 p.m.
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As traders remain hopeful and mainstream investment funds increase their exposure to bitcoin miners, CoinDesk’s Markets Daily is back for your latest crypto news roundup!
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Today's stories:
Bitcoin's Options Market Retains Long-Term Bull Bias Despite Sluggish Price
Options market data suggests the longer-term path of least resistance for bitcoin is to the higher side.
Fidelity, Vanguard, Schwab Funds Have Been Loading Up on Crypto Mining Stocks
Stock of three major cryptocurrency mining firms are appearing in Fidelity, Vanguard and Charles Schwab mutual funds.
John McAfee Arrested in Spain on US Criminal Charges
John McAfee allegedly received $11.6 million in bitcoin and ether for pumping ICOs in 2017 and 2018.
Guggenheim-Collected Artist to Release Digital Artwork on Blockchain Marketplace
A prominent Taiwanese-American multimedia artist considered a pioneer of internet-based art is releasing her work on blockchain-based platform MakersPlace.
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KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
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Cathie Wood’s ARK Invest files for two crypto index ETFs tied to CoinDesk 20
One proposed fund will attempt to exactly mimic the CoinDesk 20, but the other would track the index, excluding bitcoin.
What to know:
- ARK Invest has filed with U.S. regulators to launch two cryptocurrency ETFs tracking the CoinDesk 20 index.
- One proposed fund would track the CoinDesk 20, which provides exposure to major tokens, including bitcoin, ether, solana, XRP, and cardano. The other would track the same index, but exclude bitcoin, by pairing long index futures with short bitcoin futures.
- The funds, which would list on NYSE Arca if approved, aim to offer diversified crypto exposure without direct token custody and follow similar, still-unapproved crypto index ETF proposals from WisdomTree and ProShares.
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