On September 21, iShares Bitcoin Trust rose 4.54% in regular trading, trading at $48.045/share, with turnover of $788 million. The rally tracks a broad surge in Bitcoin, which reclaimed $82,078 during the Asian session, approaching its four-month high.

The primary catalyst is the SEC's announcement of a five-year \"Innovation Exemption\" permitting tokenized U.S. stock trading on blockchain-based platforms via licensed automated market makers and liquidity pools. The decision arrived after the CLARITY Act failed in the Senate and the Fed delivered its first rate hike since July 2023, lifting the federal funds rate to 3.75%-4.00%. Markets chose to embrace the regulatory positive: approximately $4.7 billion in short positions were liquidated within 24 hours as Bitcoin rallied from $76,000 to above $81,000.

U.S. spot Bitcoin ETFs absorbed roughly $593 million on Thursday and Friday alone, flipping the weekly flow to a slim net positive of about $6 million after heavy mid-week redemptions. Fidelity's FBTC captured 72% of Thursday's $433 million single-day inflow, with BlackRock's IBIT adding $108 million. JP Morgan noted Bitcoin's upside potential now exceeds gold's, citing unrecovered ETF outflows and elevated short interest that could trigger further squeezes.

The iShares Bitcoin Trust seeks to reflect generally the performance of the price of bitcoin.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)