US Bitcoin ETFs Pull $2.95 Billion in Net Inflows Over 30 Days
Good Morning Lions,
US Bitcoin ETFs took in money for an eighth straight day on Monday, and the 30-day net total now sits at $2.95 billion, per SoSoValue data. Eight days without a single outflow day. Meanwhile BTC is at $83,820 this morning, down 0.7% on the day.
So why isn't price running with all that demand? CoinDesk couldn't point to a catalyst either way. I think the bond market is the bigger weight right now. The 30-year Treasury yield crossed 5.6% on Tuesday, and a long bond paying that much is tough competition for anything without a coupon.
The bid is real. ETF buyers are absorbing supply while macro pulls the other way, and which side wins into October.. I have no clue. As always, 50-50.
BTC ETFs log 8 straight inflow days, $2.95B in 30. Brazil's CSD BR mirrors BTG fund records on XRPL. HANetf lists dollar-hedged BTC ETCs in Europe.
Eight straight green days for BTC ETFs
TL;DR: US Bitcoin ETFs logged an eighth consecutive day of inflows on Monday, pushing 30-day net inflows to $2.95 billion, per SoSoValue data reported by Decrypt. Demand this steady is soaking up supply even while BTC chops sideways, and the streak is the first thing to check if price breaks lower.
BTC drifts as the 30-year yield clears 5.6%
TL;DR: BTC sits at $83,820, down 0.7% over 24 hours, and CoinDesk found no obvious catalyst behind the drift as DeFi tokens reversed. The bigger number sits in bonds. The 30-year Treasury yield crossed 5.6% on Tuesday, per CNBC, and long yields that high set a tough bar for every risk asset.
Europe gets Bitcoin without the dollar headache
TL;DR: HANetf listed bitcoin ETCs on the London Stock Exchange, Xetra and Euronext Paris that hedge pound and euro exposure against the US dollar, with HSBC providing the hedge. For UK and EU investors, a BTC gain no longer gets shaved down by currency swings, and a bank like HSBC on the hedge makes it easier for the suits to sign off.
A May 2011 wallet wakes up with 20.43 BTC
TL;DR: A Bitcoin wallet untouched since May 2011 moved 20.43 BTC on Sept. 29, according to Galaxy Research, worth roughly $1.7 million. Galaxy did not identify the sender or recipient, so nobody knows yet whether these coins head to an exchange or just a fresh address. Fifteen years of hodling, frens.
A $4 trillion Brazilian registry plugs into XRPL
TL;DR: CSD BR, a Brazilian operator with more than 22 trillion reais (about $4 trillion) of registered assets, began mirroring BTG Pactual fund ownership records on the XRP Ledger, CoinDesk reported. The scope today is one manager's fund records. Still, a registry that size writing to a public chain is real tokenization progress for XRP, which trades at $1.51.
Bitcoin volatility gets its own perp on Hyperliquid
TL;DR: Volmex Finance listed perpetual futures on its Bitcoin Volmex Implied Volatility Index (BVIV) on Hyperliquid, with up to 5x leverage, hourly funding and a $2 million open-interest cap. Traders can now bet on BTC implied volatility directly without building an options position. The $2 million cap keeps it small for now.
Aztec brings back private stablecoin sends
TL;DR: Aztec Labs relaunched its self-custodial privacy wallet on Aztec Network, three years after shutting the original down. Users can send USDC, USDT or DAI privately using readable ENS-based tags instead of long hex addresses. Payment privacy is still a huge gap for stablecoins on public chains, and this goes straight at it.
If the ETF streak breaks while the 30-year holds above 5.6%, my read on this chop flips fast. Until the flows actually turn negative, the dip-buyers are the ones absorbing supply. 🦁 — Khal
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More crypto news, daily, at news.leodex.io. The Daily LEO · Written by the LEO Team, Edited by Khal.