The spot Bitcoin exchange-traded funds registered their third-strongest showing since October as institutional demand showed signs of renewed momentum. Demand for US spot Bitcoin exchange-traded funds (ETFs) rebounded sharply this week, signaling renewed investor appetite after months of uneven flows, even as uncertainty persists around digital asset regulation and the security of crypto self-custody. On Saturday, Bloomberg ETF analyst Eric Balchunas said the spot funds attracted roughly $1 billion in net inflows for the week, their strongest showing since April and third-best week since last October — a period he referred to as Bitcoin’s “silent IPO.” Read more
The procedural move puts crypto market structure legislation back on track as lawmakers continue negotiations over ethics and stablecoin provisions. US Senate Majority Leader John Thune has filed cloture on a motion to take up the Digital Asset Market Clarity Act, also known as the CLARITY Act, setting up a key procedural vote on the crypto market structure bill for September. The vote is expected after the Senate reconvenes on Sept. 15, giving lawmakers several more weeks to resolve disagreements that prevented a deal before the August recess. The Senate Daily Press confirmed that Thune filed cloture on the motion to bring the CLARITY Act to the Senate floor for consideration. Invoking cloture requires 60 votes, meaning Republicans will need Democratic support to clear the procedural hurdle. Read more
Crypto is growing up thanks to trading in real world assets, and Bitcoin will never dip below $60K again, says Nansen founder founder Alex Svanevik. Crypto is finally shaking off the “get rich quick” reputation that has defined the industry for more than a decade according to Nansen founder and CEO Alex Svanevik — and it’s not just because nobody’s getting rich right now. “Crypto assets have kind of been like the ‘toy world’ era of blockchains. And now we’re moving into the real-world era, where you see tokenized stocks, you see people trading indices like the S&P 500 and Hyperliquid,” Svanevik tells Magazine on the Trade Secrets show. “I think the interesting spot that blockchains are in right now is that they are basically giving a lot of room for non-crypto assets,” Svanevik says. Read more