Bitcoin ETFs Record $731M Single-Day Inflow, Assets Cross $103 Billion

·1 views

U.S. spot Bitcoin ETFs collectively attracted $731 million in net inflows on Thursday, marking their strongest single day since January. Every fund in the category posted gains of nearly 6%, pushing total net assets above $103 billion for the first time. BlackRock's IBIT ETF led the surge, accounting for more than half of the day's total inflows. The milestone reflects renewed investor appetite for Bitcoin exposure through regulated fund products.

Read the full story at CoinDesk

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

Discussion (0)

OpenAI Invests $1 Billion in Cyber Defense, Launches AI That Finds Zero-Day Flaws

OpenAI has announced a $1 billion commitment toward cybersecurity defense efforts. The company has unveiled an AI system called Astra, which is capable of independently discovering previously unknown software vulnerabilities, known as zero-days, and converting them into functional exploits. Alongside this, OpenAI is subsidizing user access to its Daybreak security platform. The move signals OpenAI's growing focus on both offensive AI security research and broader cyber defense infrastructure.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Bitcoin Hits 18-oz Gold Ratio, Highest Since January Amid Debt Fears

Bitcoin's value has climbed to the point where one coin can purchase just over 18 ounces of gold, the strongest such ratio since January. Both bitcoin and gold are rallying simultaneously, reflecting growing investor anxiety. The gains are being driven by fears that governments may inflate away their debt burdens rather than by movements in bond yields. This parallel rise highlights shifting sentiment toward hard assets as hedges against fiscal risk.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Bitcoin Tops $81,000 as Fed Rate Hike Bets Ease; Zcash Surges 15%

Bitcoin climbed back above $81,000 on Friday as broader crypto markets saw gains across all major tokens. The rally coincided with traders scaling back expectations of a Federal Reserve interest rate hike in September, with odds falling to roughly 50-50. Zcash outperformed the market, posting the sharpest rise among notable cryptocurrencies with a 15% jump. Despite Friday's positive momentum, most major tokens remained relatively flat when measured across the full week.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

OCC Grants Provisional Charter to Crypto-Native Bank OpenReserve

The Office of the Comptroller of the Currency (OCC) has given blockchain-focused bank OpenReserve initial approval to operate as a full-service bank. The provisional charter marks a significant regulatory milestone for the crypto-native institution. OpenReserve joins a growing list of digital asset-oriented banks receiving formal recognition from U.S. banking regulators. The move reflects a broader trend of crypto-focused financial institutions gaining legitimacy within the traditional banking framework.

0 comments Read more at CoinDesk