ARK 21Shares accounted for $164 million of Thursday’s Bitcoin ETF withdrawals, while Ether and Solana funds also recorded net outflows. US spot Bitcoin exchange-traded funds (ETFs) registered their largest daily outflow in nearly two months, reversing part of the $3.8 billion in net inflows recorded during the funds’ strongest three-week stretch of 2026. The spot Bitcoin (BTC) ETFs logged $282.6 million in net outflows on Thursday, marking the largest net outflow since the $424.7 million outflow recorded on July 13, according to SoSoValue data. Total net assets across the funds stood at $97.5 billion. The ARK 21Shares Bitcoin ETF (ARKB) accounted for the largest share of Thursday’s outflows, at $164 million, followed by Grayscale’s Bitcoin Trust ETF (GBTC) with $36 million and Fidelity’s FBTC with $33.6 million. Read more
Bitstamp accounted for $10.1 billion of Robinhood’s August crypto volume, while trading on the Robinhood app fell 46% from a year earlier. Robinhood’s crypto trading volume rose 61% month-on-month to $17.5 billion in August, though it remained 38% below the year-earlier level. The online brokerage said in its August 2026 monthly operating report, published Thursday, that Bitstamp accounted for $10.1 billion of the total, while the Robinhood app accounted for $7.4 billion. Bitstamp’s volume rose 53% from July but fell 30% year-on-year, while the Robinhood app volume increased 72% month-on-month but dropped 46% from August 2025. Read more
The Italian bank is reportedly seeking assistance in launching access to crypto trading, custody and tokenized investment products. UniCredit Bank is seeking a technology provider that would allow it to build infrastructure for digital asset trading, custody and access to tokenized investment products. The Italian bank’s discussions are still in the early stages, with areas of interest including crypto custody and brokerage capabilities, tokenized investment products and stablecoin-based fixed-income securities, people familiar with the matter told Bloomberg on Friday. Cointelegraph has approached UniCredit for comment on what technology provider might fill this infrastructure gap. Read more
Bitcoin HODL waves data revealed an unusually muted reaction to Bitcoin’s drop below $58,000, raising questions over its status as a bear-market floor. Bitcoin (BTC) buyers avoided “buying the dip” as BTC price fell to $57,800 in July, analysis reports. Key points: Read more
The bank expects Sky to pass five times as much value to token holders by 2028 as USDS adoption and borrowing capacity continue to expand. Standard Chartered initiated coverage of Sky’s SKY token with a $0.325 price target for the end of 2028, up fivefold from the $0.065 price cited in a Friday report shared with Cointelegraph. Geoff Kendrick, the bank’s global head of digital assets research, likened Sky, a decentralized finance (DeFi) platform formerly known as MakerDAO, to a “federal bank” because it issues stablecoins, creates a governance framework and charges borrowers a wholesale interest rate. Kendrick wrote that Sky returns value to token holders primarily through staking rewards, with token buybacks accounting for a smaller share. Read more