Bitcoin Strategic Reserve Plan from the US Congress
According to Bitcoin Magazine, the US Congress has introduced bill HR 5166. The bill would require the Treasury Department to create a “strategic reserve custody and management plan” for Bitcoin held by the federal government. This initiative is interpreted as the first step by the US to include Bitcoin in its official reserve strategy.
According to Coin Shares’ weekly data, digital asset investment products saw outflows totaling $352 million last week. While trading volumes declined by 27%, year-to-date inflows remain strong at $35.2 billion. Outflows from the US totalled $440 million, while Germany (+$85.1 million) and Hong Kong (+$8.1 million) recorded inflows. Bitcoin saw inflows of $524 million, while Ethereum saw outflows of $912 million. Solana recorded inflows for the 21st consecutive week, totaling $1.16 billion year-to-date. XRP saw a total inflow of $1.22 billion.
Nasdaq Seeks SEC Approval for Tokenization of Stocks
According to CoinDesk, Nasdaq has applied to the SEC to move its stocks to the blockchain. The application states that tokenized assets will be tradable on national exchanges, alternative trading systems and FINRA-regulated brokers. Transactions will be cleared through DTC and investors will receive full shareholder rights, including voting and liquidation rights. This step is seen as one of the important indicators of the mainstreaming of tokenization in the securities market.
SEC Confirms Receipt of Canary Spot Staked SEI ETF Application
According to market reports, the US SEC has confirmed that it has received the Canary Spot Staked SEI ETF application documents. The decision process has just begun and the approval schedule will be finalized in the coming weeks.
WLD Rises More Than 50% Daily
According to OKX data, WLD briefly hit $1.5919, up more than 50% on the day. Eightco’s $250 million private capital raising plan and a $20 million strategic investment from Bit Mine are said to be behind the rise.
Bit Mine Acquires Another 8,001 ETH from Galaxy Digital
According to Onchain Lens, Bit Mine received 8,001 ETH ($34.41 million) from Galaxy Digital. Bit Mine’s crypto and cash reserves exceeded $9.21 billion. These reserves include 2,069,443 ETH (≈$8.93 billion), 192 BTC and $266 million in cash.
Longling Capital Withdraws 5,000 ETH from Binance
Longling Capital withdrew 5,000 ETH ($21.57 million) from a centralized exchange after depositing 21 million USDT, Onchain analyst Ember tracked.
Ark Invest Increases Bit Mine Stake, Reduces Robinhood
According to The Block, Ark Invest bought a total of $4.46 million worth of Bit Mine shares through its three ETFs. During the same period, it sold about $5.13 million in Robinhood shares. Bit Mine stock rose 4.16% to $43.79, while Robinhood stock surged 15.8% after joining the S&P 500.
Bitcoin Spot ETFs Net Inflows of $368 Million
According to SoSoValue data, on September 8, Bitcoin spot ETFs saw inflows of $368 million and no ETF experienced outflows. Fidelity’s FBTC stood out with inflows of $157 million. Total asset value reached $145.41 billion, equivalent to 6.52% of Bitcoin’s market capitalization.
Ethereum Spot ETFs Outflows for the Sixth Consecutive Day
Ethereum spot ETFs saw net outflows of $96.7 million on September 8, according to SoSoValue data. BlackRock’s ETHA ETF suffered the highest loss with outflows of $193 million. In contrast, Fidelity FETH recorded inflows of $75.1 million, and Grayscale ETH recorded inflows of $11.3 million. Total asset value was measured at $27.39 billion, bringing ETH to 5.28% of market capitalization.
