ibit

Bitcoin News posted on platform X that the net inflow into the U.S. spot Bitcoin ETF over the past three weeks is approximately $3.8 billion, marking the strongest three-week performance since 2026. As of now, the year-to-date capital flow is still down about $1 billion; last week saw a net inflow of $986.9 million, with $730.8 million net inflow on Thursday.Eric Balchunas stated that when IBIT rises more than 5% and trading volume reaches $3 billion to $4 billion, there is usually a significant inflow of funds. The last time this occurred, IBIT recorded a cumulative inflow of $2 billion over 10 consecutive days.

The U.S. spot Bitcoin ETF recorded the strongest consecutive three-week inflow of funds since 2026. SoSoValue data shows that as of the week ending September 5, the net inflow was $986.9 million, with a cumulative net inflow of $3.8 billion over the past three weeks, an increase of about 7% compared to the previous week. Despite a significant rebound in demand, the net inflow for Bitcoin ETFs this year is still approximately negative $1 billion.On Friday, the single-day net inflow was $174.6 million, a noticeable drop from over $731 million on Thursday. Among them, BlackRock's iShares Bitcoin Trust (IBIT) attracted $117.4 million, accounting for about 67% of the day's net inflow, while Fidelity's Wise Origin Bitcoin Fund (FBTC) had a net inflow of $57.2 million, with the remaining U.S. spot Bitcoin ETFs having no net inflow that day. On that day, Bitcoin briefly fell below $79,000, then rebounded to around $79,700, still up about 2.6% over the past 7 days.As of Friday, the total net assets of U.S. spot Bitcoin ETFs were approximately $101.3 billion, with a cumulative net inflow of $55.6 billion. Meanwhile, the inflow of funds into Ethereum and XRP spot ETFs has significantly cooled, with net inflows for the week dropping to $21.84 million and $1.9 million, respectively, a decline of about 74% and 83% compared to the previous week; their cumulative net inflows for the year are approximately $863 million and $515 million, respectively.

According to SoSoValue data, yesterday (Eastern Time September 3) the total net inflow for Bitcoin spot ETFs was $731 million. The Bitcoin spot ETF with the highest single-day net inflow yesterday was Blackrock ETF IBIT, with a single-day net inflow of $454 million, bringing IBIT's historical total net inflow to $63.939 billion.The second highest was Ark Invest and 21Shares' ETF ARKB, with a single-day net inflow of $138 million, currently bringing ARKB's historical total net inflow to $1.457 billion. The Bitcoin spot ETF with the highest single-day net outflow yesterday was VanEck ETF HODL, with a single-day net outflow of $19.5829 million, currently bringing HODL's historical total net inflow to $1.029 billion.As of the time of publication, the total net asset value of Bitcoin spot ETFs is $103.338 billion, with an ETF net asset ratio (market value compared to total Bitcoin market value) of 6.32%, and the historical cumulative net inflow has reached $55.443 billion.

According to Decrypt, Judge Rosemarie Aquilina of the Ingham County Circuit Court in Michigan has issued a preliminary injunction against the prediction market platform Kalshi, requiring it to stop offering sports betting-related contracts to Michigan residents. The court found that Kalshi's related business is essentially "sports betting disguised as investment opportunities."Under the order, Kalshi must block in-state users through a third-party geolocation service licensed by the Michigan betting regulatory agency, or face a daily fine of $500,000. The injunction also prohibits it from allowing account registration, deposits, advertising, and similar sports betting product features for Michigan residents until a final judgment is made in the case.

According to SoSoValue data, the total net inflow for Bitcoin spot ETFs is $101 million. The Bitcoin spot ETF with the highest net inflow yesterday was Blackrock ETF IBIT, with a single-day net inflow of $115 million. Currently, the historical total net inflow for IBIT has reached $63.485 billion.The second is Grayscale Bitcoin Trust ETF BTC, with a single-day net inflow of $30.416 million. Currently, the historical total net inflow for BTC has reached $2.897 billion. The Bitcoin spot ETF with the highest net outflow yesterday was Grayscale ETF GBTC, with a single-day net outflow of $56.2127 million. Currently, the historical total net outflow for GBTC has reached $27.662 billion. As of the time of writing, the total net asset value of Bitcoin spot ETFs is $97.221 billion, and the ETF net asset ratio (the market value compared to the total market value of Bitcoin) is 6.26%. The historical cumulative net inflow has reached $54.712 billion.

According to SoSoValue data, the total net outflow of Bitcoin spot ETFs is $236 million. The Bitcoin spot ETF with the highest net inflow in a single day is Bitwise ETF BITB, with a single-day net inflow of $8.3832 million. Currently, BITB's historical total net inflow has reached $2.087 billion.The Bitcoin spot ETF with the highest net outflow in a single day is Blackrock ETF IBIT, with a single-day net outflow of $201 million. Currently, IBIT's historical total net inflow has reached $63.37 billion. As of the time of publication, the total net asset value of Bitcoin spot ETFs is $97.121 billion, and the ETF net asset ratio (the market value compared to the total market value of Bitcoin) is 6.25%. The historical cumulative net inflow has reached $54.611 billion.

The Monetary Authority of Singapore (MAS) has proposed amendments to the Payment Services Act, requiring stablecoin issuers to always hold at least 100% of the circulating tokens in equivalent assets as reserves, which must be segregated from the issuer's own funds and only held with licensed financial institutions.The proposal also prohibits issuers from paying interest or other yields linked to stablecoin holdings to holders, on the grounds that stablecoins are intended for payments rather than investment or yield generation. This stance is consistent with the U.S. GENIUS Act and the EU MiCA regulation. The consultation also considers limited recognition for foreign stablecoins regulated under equivalent overseas frameworks. The consultation closes on October 16, and the implementation date has not yet been announced.MAS Deputy Managing Director Ho Hern Shin stated that trusted and well-regulated stablecoins can serve as reliable settlement assets in the tokenized financial market, while reducing risks for users and the broader financial system.

Onchain Lens posted on X that BlackRock's IBIT wallet received 1,404.5 bitcoins from Coinbase Prime, worth approximately $109.35 million.IBIT is the spot bitcoin ETF launched by BlackRock, and Coinbase Prime provides related custody and trading services to institutions.

According to data from Bloomberg and BlackRock senior ETF analyst Eric Balchunas, posted on the X platform on September 1, BlackRock's iShares Bitcoin Trust (IBIT) has achieved a cumulative return of 71% since its listing in January 2024, outperforming Vanguard's S&P 500 Index Fund (VOO), which had a total return of 66% during the same period. Balchunas described the upward trajectory of IBIT as a roller coaster ride, while the performance of VOO was much steadier in comparison.In 2024, the U.S. Securities and Exchange Commission approved 11 spot Bitcoin ETFs after a decade of rejections, and IBIT began trading that year. Currently, IBIT manages assets of $61.4 billion, making it the largest Bitcoin ETF; the second-largest, Fidelity's Wise Origin Bitcoin Fund, manages nearly $11 billion. BlackRock, which manages over $15 trillion in assets, shook the crypto market after submitting its application for a spot Bitcoin ETF in 2023, providing traditional investors with exposure to Bitcoin and showing higher daily trading activity than other similar ETFs.On the funding side, investors poured back into ETFs in August, with a total investment of over $2.8 billion from August 17 to 27, marking the highest level since Bitcoin reached an all-time high last October. Bitcoin briefly rose to $81,281 last Monday, then fell back on Friday, closing at $77,539, with a 24-hour decline of nearly 1%; Bitcoin has risen nearly 30% over the past month.

According to SoSoValue data, yesterday (Eastern Time August 31), the total net inflow of Bitcoin spot ETFs was $217 million. The Bitcoin spot ETF with the highest single-day net inflow yesterday was Blackrock ETF IBIT, with a single-day net inflow of $206 million, bringing IBIT's historical total net inflow to $63.571 billion.The second was Grayscale Bitcoin Trust ETF BTC, with a single-day net inflow of $9.4165 million, and BTC's historical total net inflow currently stands at $2.867 billion. The Bitcoin spot ETF with the highest single-day net outflow yesterday was VanEck ETF HODL, with a single-day net outflow of $13.4134 million, and HODL's historical total net inflow currently stands at $1.049 billion. As of the time of publication, the total net asset value of Bitcoin spot ETFs was $99.611 billion, with an ETF net asset ratio (market value relative to total Bitcoin market value) of 6.29%, and the historical cumulative net inflow has reached $54.847 billion.

According to SoSoValue data, last week's trading days (Eastern Time from August 24 to August 28) saw a net inflow of $924 million into Bitcoin spot ETFs.The Bitcoin spot ETF with the highest net inflow last week was Blackrock ETF IBIT, with a weekly net inflow of $938 million, bringing IBIT's total historical net inflow to $63.36 billion; followed by Grayscale Bitcoin Trust BTC, with a weekly net inflow of $81.83 million, bringing BTC's total historical net inflow to $2.86 billion. The Bitcoin spot ETF with the highest net outflow last week was Ark & 21 Shares ETF ARKB, with a weekly net outflow of $85.14 million, bringing ARKB's total historical net inflow to $1.32 billion.As of the time of writing, the total net asset value of Bitcoin spot ETFs is $97.59 billion, with an ETF net asset ratio (market value compared to Bitcoin's total market value) of 6.28%, and the historical cumulative net inflow has reached $54.63 billion.

According to Cointelegraph, the California Senate passed Assembly Bill 2409 (AB 2409) with a vote of 40 to 0, followed by the California Assembly agreeing to the Senate amendments with a vote of 78 to 0. The bill has now entered the signing stage, awaiting the governor's decision.The bill will prohibit digital asset service providers from offering meme coins issued or co-issued by federal officials or state and local officials to California residents after January 1, 2027. The bill defines meme coins as digital assets whose value primarily derives from public interest, speculation, or community participation.Meanwhile, according to consumer rights organization Public Citizen, investors in the TRUMP meme coin related to former President Trump have incurred a cumulative loss of approximately $3.2 billion. The Trump family's cryptocurrency business is also considered an obstacle to the advancement of the U.S. Digital Asset Market Clarity Act (CLARITY Act).

According to Bitcoin.com News, the "Meme Coin" regulatory bill in California has been passed by the state Assembly and Senate. The bill prohibits public officials and employees from issuing Meme Coins and bans the launch of such tokens aimed at California residents starting January 1, 2027. The AB 2409 bill has now been sent to the governor for signing.

According to SoSoValue data, yesterday (Eastern Time August 26), the total net inflow of Bitcoin spot ETFs was $232 million.The Bitcoin spot ETF with the highest net inflow yesterday was Blackrock ETF IBIT, with a net inflow of $201 million in a single day, bringing the historical total net inflow of IBIT to $63.121 billion. The second was Grayscale Bitcoin Trust ETF BTC, with a net inflow of $46.8295 million in a single day, currently having a historical total net inflow of $2.846 billion. The Bitcoin spot ETF with the highest net outflow yesterday was Grayscale ETF GBTC, with a net outflow of $50.3919 million in a single day, currently having a historical total net outflow of $27.578 billion.As of the time of publication, the total net asset value of Bitcoin spot ETFs was $98.629 billion, with an ETF net asset ratio (market value compared to total Bitcoin market value) of 6.26%, and the historical cumulative net inflow has reached $54.590 billion.

According to Bloomberg, over the past five trading days, gold and Bitcoin ETFs have attracted a record $7 billion in inflows, with the SPDR Gold ETF (GLD) seeing nearly $3.4 billion and the BlackRock Bitcoin ETF (IBIT) attracting $1.5 billion. Both ranked among the top ten U.S. ETF inflows for the week.Investors are simultaneously buying gold and Bitcoin as hedging tools against financial anxiety. U.S. Treasury Secretary Bessent announced an expansion of long-term Treasury bond repurchases, leading to a weaker dollar and declining yields, which has driven demand for scarce assets. Bernstein analyst Gautam Chhugani noted that rising interest rates and high sovereign debt levels benefit non-dilutable assets like Bitcoin.Bridgewater founder Ray Dalio advised investors to allocate up to 15% of their funds to gold and Bitcoin to hedge against the risks of the U.S. debt crisis. Bitcoin has surpassed $80,000 this month, while gold has exceeded $4,600 per ounce.

According to Forbes, Bitcoin rose about 20% in the past week, breaking the $80,000 mark for the first time since May. Robbie Mitchnick, head of digital assets at BlackRock, stated that the scale of its Bitcoin spot ETF IBIT will continue to grow as BlackRock is still expanding channels for investors to access and allocate Bitcoin. BlackRock has lowered the minimum size for investors to directly exchange Bitcoin for IBIT shares from $25 million to $1 million. This mechanism allows eligible investors to convert their held Bitcoin directly into ETF shares without having to sell Bitcoin on the market first, potentially avoiding capital gains tax from asset sales.Since its launch, IBIT has become the fastest-growing ETF at multiple scale nodes, currently representing investors holding over 765,000 Bitcoins, valued at approximately $6 billion. Mitchnick noted that real-world risks such as kidnapping, extortion, and custody failures are driving some Bitcoin holders to shift all or part of their self-custodied assets to ETFs. Recently, attacks on some Coldcard hardware wallets have further intensified market concerns about the security of self-custody.Data shows that the 13 Bitcoin spot ETFs in the U.S., led by IBIT, recorded the strongest single-week inflow in nearly 10 months. Talos researchers indicated that this week, Bitcoin's approximately 23% increase and rise in volatility are among the highest in history, with similar trends typically corresponding to above-average returns in the medium to short term. Unlike the breakthrough in May, which lacked ETF funding support and subsequently fell back, this round of increase has structural buying support that was not present before.

BlackRock has significantly lowered the threshold for investors to directly convert self-custodied BTC into shares of the spot Bitcoin ETF IBIT, with the minimum conversion size reduced from the previous $25 million to $1 million; Bitwise has also lowered the related threshold from $100 million to $3 million.This conversion is completed through "in-kind creation," allowing investors to directly deliver BTC in exchange for ETF shares, without the need to first sell BTC and then buy the ETF, thus avoiding the immediate capital gains tax triggered by the sale. Robbie Mitchnick, Head of Digital Assets at BlackRock, stated that IBIT has processed over $5 billion in such conversions, further increasing from $3 billion in October of last year.

BitcoinTreasuries.NET posted on platform X that BritishHodl will participate in the Bitcoin Treasuries Conference held in New York on September 28, and facilitate BlackRock's reduction of the minimum amount for converting Bitcoin to IBIT from $50 million to $2 million.BitcoinTreasuries.NET stated that this is a resource brought by top independent Bitcoin media figures participating in the live custody discussion.