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Bitcoin ETFs Record Strongest Inflows Since July, Push Holdings to New High

Bitcoin exchange-traded products globally logged net inflows of 20,685 BTC last week, the strongest weekly intake since July 22, according to digital assets firm K33 Research.

The renewed momentum lifted U.S. spot bitcoin ETFs’ combined holdings to 1.32 million BTC, surpassing the previous peak set on July 30.

U.S. Bitcoin ETF products contributed nearly 97% of last week’s 20,685 BTC ETP inflows, highlighting the surge in demand ahead of the FOMC meeting. 

SharpLink Adds to $3.8 Billion Ethereum Treasury, Buys Back More Shares

Ethereum treasury firm SharpLink Gaming continued its share buybacks, repurchasing one million shares of SBET at an average price of $16.67 while its ETH holdings expanded modestly, the firm announced on Tuesday. 

The Minneapolis, Minnesota-based firm has now repurchased 1.93 million shares of SBET in the last two weeks, using nearly $32 million of the $1.5 billion it approved for a share repurchase program in August. 

Meanwhile, it has added just 922 ETH or around $4.1 million to its treasury, since August 31. 

It currently holds 838,152 ETH valued at around $3.7 billion based on ETH’s current price of $4,448.

Cathie Wood's Ark Invest Acquires $8.3 Million Worth of Bullish Shares

Cathie Wood-led Ark Invest purchased $8.27 million worth of Bullish shares on Tuesday through its exchange-traded funds.

In its latest trade filing, Ark disclosed that its ARK Innovation ETF (ARKK) bought 120,609 shares of Bullish, while ARK Next Generation Internet ETF (ARKW) purchased 40,574 shares.

Ark has ramped up its exposure to Bullish since the crypto exchange made its New York Stock Exchange debut last month. During the week of Bullish's $1.1 billion IPO, Ark acquired around $172 million worth of shares across three ETFs. 

Citi Forecasts Ether's Year-End Target at $4,300

Citigroup has set a year-end price target of $4,300 for ether, the world's second-largest cryptocurrency, citing investor demand and growing interest in ethereum-based use cases such as stablecoins and tokenization.

The Wall-Street brokerage's target is still below ether's record high of $4,955.14, which it hit last month.

Citi said ether's recent price strength may be driven more by sentiment than fundamentals.

Coinbase, Ethereum Foundation Throw Weight Behind Google AI Agent Payments Protocol

Google launched an open-source protocol to let AI agents handle financial transactions, backed by Coinbase, PayPal, American Express, and the Ethereum Foundation.

The protocol expands Google’s Agent2Agent framework with payment support for cards, stablecoins, and real-time bank transfers, plus a crypto-specific x402 extension.

The Ethereum Foundation says the effort aligns with its ERC-8004 standard to help AI agents securely discover, verify, and transact on Ethereum.

Circle Launches USDC Natively on Hyperliquid

Stablecoin issuer Circle is bringing a native version of its dollar-pegged token to the largest decentralized derivatives trading platform, Hyperliquid. The move comes as Circle becomes a "direct stakeholder" via its first token investment.

The integration will begin by rolling out USDC on Hyperliquid’s Ethereum-compatible HyperEVM network on Tuesday with plans to expand to HyperCore in the coming weeks, Circle CEO Jeremy Allaire wrote in a blog post. Additionally, Circle is integrating its upgraded Cross-Chain Transfer Protocol (CCTP v2) into Hyperliquid.

USDC is currently the dominant dollar-backed stablecoin on Hyperliquid, with nearly $6 billion worth of USDC reserves held by the platform, according to DefiLlama data.

Binance Nears Deal to Escape Compliance Monitor Imposed by DOJ

Binance Holdings Ltd., the world’s largest crypto exchange, is moving toward a potential deal with the US Justice Department that would allow it to drop a key oversight requirement in its $4.3 billion settlement of allegations that it didn’t do enough to prevent money laundering, according to people familiar with the matter.

Federal prosecutors are in discussions with Binance over a requirement to maintain an outside compliance monitor, said the people, who asked not to be identified because the talks are confidential. The shift would mark the latest in a softening approach to the use of independent oversight that has seen the DOJ eliminate several monitors that had been appointed by the Biden administration.

After agreeing to pay one of the biggest corporate fines in US history to resolve its case in 2023, Binance has been working to win over US authorities.

Bitcoin & Ethereum Spot ETF Flow

The overall net inflow of the US Bitcoin spot ETF on Tuesday was $292.27 million. The total net asset value of Bitcoin spot ETFs is $153.78 billion, and the ETF net asset ratio (market value compared to total Bitcoin market value) is 6.61%.

The Bitcoin spot ETF with the highest net inflow on September 16 was iShares Bitcoin Trust ETF (IBIT), with a net inflow of $209.18 million, according to SoSoValue.

Source: SoSoValue

The overall net outflow of the US Ethereum spot ETF on Tuesday was $61.74 million. The total net asset value of Ethereum spot ETFs is $29.60 billion, and the ETF net asset ratio (market value compared to total Ethereum market value) is 5.45%.

The Ethereum spot ETF with the highest net inflow on September 16 was Bitwise Ethereum ETF (ETHW), with a net inflow of $6.75 million, according to SoSoValue.

Source: SoSoValue