Bitcoin ETFs log eight consecutive inflow days as August haul nears $3 billion

·1 views

U.S. spot Bitcoin ETFs have recorded eight straight days of inflows, accumulating approximately $2.8 billion during the streak. Ether ETFs have mirrored this positive trend, posting inflows on each of the same trading days. August is shaping up to be a strong month for crypto ETFs, with three trading sessions still remaining. If the momentum holds, August could become the best month for these funds since October 2025.

Read the full story at CoinDesk

This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Discussion (0)

BlackRock Digital Assets Head Bullish on Bitcoin After IBIT Hits Record Volume

BlackRock's head of digital assets expressed a strengthening macroeconomic case for bitcoin following a record-breaking trading week. The comments came after BlackRock's spot bitcoin ETF, known as IBIT, recorded its highest-ever trading volume. The positive week for IBIT coincided with renewed investor interest in bitcoin as a macro asset. BlackRock's senior digital assets executive suggested that broader economic conditions are increasingly favorable for bitcoin adoption.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Nvidia Earnings Beat Sends Shares Up 8%, Boosting Tech Stocks and Bitcoin

Nvidia reported earnings that exceeded market expectations, triggering an 8% surge in its share price. The strong results and positive forward outlook had a broad ripple effect across financial markets. Technology stocks and AI infrastructure companies saw notable gains following the announcement. Bitcoin also rose alongside the broader market rally sparked by Nvidia's performance.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

UK Plans to Give Bank of England Formal Stablecoin Oversight Role

The British government is planning to assign the Bank of England a new official objective related to stablecoins. Financial stability would continue to be the central bank's primary responsibility under the proposed framework. The new mandate would require the Bank of England to submit annual reports to Parliament on its stablecoin-related activities. The move reflects the UK's broader effort to regulate the growing digital assets sector within its existing financial institutions.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

SHRINCS Proposal Aims to Make Bitcoin Quantum-Resistant Without Clogging Network

Bitcoin researchers have put forward a new proposal called SHRINCS to address the threat posed by quantum computing to the Bitcoin network. The design would allow Bitcoin transactions to adopt larger, quantum-resistant cryptographic signatures without significantly reducing network capacity. This sets it apart from existing post-quantum signature schemes, which tend to consume more block space and crowd out regular transactions. The proposal represents an effort to future-proof Bitcoin's security while maintaining its transaction throughput efficiency.

0 comments Read more at CoinDesk