A bitcoin sign (Artur Widak/Getty Images)

Bitcoin ETFs finally reverse trend, see over $330 million in inflows

The coin’s price is trending up too.

9/3/25 1:30PM

Wednesday is turning out to be a big day for bitcoin, with American Bitcoin, Hut 8 subsidiary backed by the Trump brothers, debuting today. Shares jumped 91% this morning and were up 44% in early afternoon trading.

Bitcoin spot ETFs finally reversed their outflow trend to net $332.7 million in inflows on Tuesday, according to SoSoValue, while bitcoin’s price is regaining some ground, up 1.3% in the last 24 hours.

In other bitcoin news...

Treasury, a euro-denominated bitcoin treasury company, announced it has raised $147 million, backed by Winklevoss Capital and Nakamoto Holdings. The company has acquired 1,000 bitcoin, according to the press release.
Riot Platforms announced it produced 477 bitcoin in last month, “an all-time high for Riot in the month of August” and a 48% year-over-year increase, Riot CEO Jason Les said in a press release (though August’s bitcoin production also represents a 2% month-over-month decrease). The bitcoin miner now holds 19,239 bitcoin.
Strategy announced it has increased the dividend on its perpetual preferred stock STRC to 10% from 9%. Mark Palmer, a Benchmark analyst, wrote that despite retail traders blaming the firm for mismanaging “the capital-markets side of the company’s bitcoin accumulation strategy, thereby causing the stock’s recent and uncharacteristic weakness,” he believes that “gets the causality backwards.” The stock has tumbled more than 10% in the past month. Despite the stock’s underperformance, Benchmark reiterated its “buy” rating on the company with a price target of $705 because it remains “the industry standard and benchmark due not only the size of its holdings, but also the financial architecture it has built around bitcoin,” Palmer wrote.

Meanwhile, TD analysts also reiterated their “buy” rating on Strategy. They cut their price target, though, to $640 from $680.

“Bears have pounced on the company’s return to common stock issuance, as if issuing shares at a premium to bitcoin value — in order to purchase more bitcoin — is suddenly a bad idea,” analysts wrote in a note.

Yaël Bizouati-Kennedy

26m

Bitcoin is “caught between flow deterioration and macro relief”

Sage D. Young24h

Crypto market snaps back as sentiment lifts, with altcoins from ethereum to XRP soaring

The market capitalization of the crypto industry has jumped around $83.2 billion in the last 24 hours, with privacy-focused token Zcash and worldcoin, the native cryptocurrency of the network backed by OpenAI CEO Sam Altman, leading market gains, jumping over 22%.

But the last 24 hours have been good across the board:

Ethereum has increased more than 9% to trade above $1,800, amid BitMine Immersion Technologies acquiring $139.2 million worth of ethereum.
XRP and solana have rebounded from multiyear lows, each rising roughly 10%.
HYPE has bounced up 12%.
Dog-based memecoins dogecoin and shiba inu have chased gains of more than 4%.

“Investors have been eager to see some positive signs around the Iranian conflict ending, coupled with hopeful outlooks around the CLARITY act, both breathing some life into assets,” Kairos Research cofounder Ian Unsworth told Sherwood News.

Simon Shockey, a crypto strategist at crypto wallet infrastructure firm Privy, said the upswing stems from several things converging. He pointed to how alt markets broadly were “very oversold” following the bug found in Zcash that shook confidence.

Friday, Zcash founder Zooko Wilcox said Anthropic didn’t find any more serious bugs with the Zcash protocol after Shielded Labs requested the AI firm run a security audit of the network with Mythos.

Shockey added that the pool of willing sellers has dwindled. “Even if structurally, AI is a much more compelling and asymmetric bet in the eyes of allocators, many of these crypto assets have simply run out of marginal sellers despite some shorter-term narrative-driven pumps. The only people left to sell at this point are the teams themselves and VCs.”

“Net-net: oversold conditions plus exhausted seller bases plus a macro backdrop that’s stabilized equals a snapback, especially in names that have real usage or community conviction behind them,” Shockey told Sherwood.

Yaël Bizouati-Kennedy

6/15/26

Bitcoin hits highest level in 2 weeks following news of Iran deal

Bitcoin crossed $66,500 Monday morning as the broad crypto market welcomed the return of a risk-on mood.