ibit

According to Cointelegraph, the California Senate passed Assembly Bill 2409 (AB 2409) with a vote of 40 to 0, followed by the California Assembly agreeing to the Senate amendments with a vote of 78 to 0. The bill has now entered the signing stage, awaiting the governor's decision.The bill will prohibit digital asset service providers from offering meme coins issued or co-issued by federal officials or state and local officials to California residents after January 1, 2027. The bill defines meme coins as digital assets whose value primarily derives from public interest, speculation, or community participation.Meanwhile, according to consumer rights organization Public Citizen, investors in the TRUMP meme coin related to former President Trump have incurred a cumulative loss of approximately $3.2 billion. The Trump family's cryptocurrency business is also considered an obstacle to the advancement of the U.S. Digital Asset Market Clarity Act (CLARITY Act).

According to Bitcoin.com News, the "Meme Coin" regulatory bill in California has been passed by the state Assembly and Senate. The bill prohibits public officials and employees from issuing Meme Coins and bans the launch of such tokens aimed at California residents starting January 1, 2027. The AB 2409 bill has now been sent to the governor for signing.

According to SoSoValue data, yesterday (Eastern Time August 26), the total net inflow of Bitcoin spot ETFs was $232 million.The Bitcoin spot ETF with the highest net inflow yesterday was Blackrock ETF IBIT, with a net inflow of $201 million in a single day, bringing the historical total net inflow of IBIT to $63.121 billion. The second was Grayscale Bitcoin Trust ETF BTC, with a net inflow of $46.8295 million in a single day, currently having a historical total net inflow of $2.846 billion. The Bitcoin spot ETF with the highest net outflow yesterday was Grayscale ETF GBTC, with a net outflow of $50.3919 million in a single day, currently having a historical total net outflow of $27.578 billion.As of the time of publication, the total net asset value of Bitcoin spot ETFs was $98.629 billion, with an ETF net asset ratio (market value compared to total Bitcoin market value) of 6.26%, and the historical cumulative net inflow has reached $54.590 billion.

According to Bloomberg, over the past five trading days, gold and Bitcoin ETFs have attracted a record $7 billion in inflows, with the SPDR Gold ETF (GLD) seeing nearly $3.4 billion and the BlackRock Bitcoin ETF (IBIT) attracting $1.5 billion. Both ranked among the top ten U.S. ETF inflows for the week.Investors are simultaneously buying gold and Bitcoin as hedging tools against financial anxiety. U.S. Treasury Secretary Bessent announced an expansion of long-term Treasury bond repurchases, leading to a weaker dollar and declining yields, which has driven demand for scarce assets. Bernstein analyst Gautam Chhugani noted that rising interest rates and high sovereign debt levels benefit non-dilutable assets like Bitcoin.Bridgewater founder Ray Dalio advised investors to allocate up to 15% of their funds to gold and Bitcoin to hedge against the risks of the U.S. debt crisis. Bitcoin has surpassed $80,000 this month, while gold has exceeded $4,600 per ounce.

According to Forbes, Bitcoin rose about 20% in the past week, breaking the $80,000 mark for the first time since May. Robbie Mitchnick, head of digital assets at BlackRock, stated that the scale of its Bitcoin spot ETF IBIT will continue to grow as BlackRock is still expanding channels for investors to access and allocate Bitcoin. BlackRock has lowered the minimum size for investors to directly exchange Bitcoin for IBIT shares from $25 million to $1 million. This mechanism allows eligible investors to convert their held Bitcoin directly into ETF shares without having to sell Bitcoin on the market first, potentially avoiding capital gains tax from asset sales.Since its launch, IBIT has become the fastest-growing ETF at multiple scale nodes, currently representing investors holding over 765,000 Bitcoins, valued at approximately $6 billion. Mitchnick noted that real-world risks such as kidnapping, extortion, and custody failures are driving some Bitcoin holders to shift all or part of their self-custodied assets to ETFs. Recently, attacks on some Coldcard hardware wallets have further intensified market concerns about the security of self-custody.Data shows that the 13 Bitcoin spot ETFs in the U.S., led by IBIT, recorded the strongest single-week inflow in nearly 10 months. Talos researchers indicated that this week, Bitcoin's approximately 23% increase and rise in volatility are among the highest in history, with similar trends typically corresponding to above-average returns in the medium to short term. Unlike the breakthrough in May, which lacked ETF funding support and subsequently fell back, this round of increase has structural buying support that was not present before.

BlackRock has significantly lowered the threshold for investors to directly convert self-custodied BTC into shares of the spot Bitcoin ETF IBIT, with the minimum conversion size reduced from the previous $25 million to $1 million; Bitwise has also lowered the related threshold from $100 million to $3 million.This conversion is completed through "in-kind creation," allowing investors to directly deliver BTC in exchange for ETF shares, without the need to first sell BTC and then buy the ETF, thus avoiding the immediate capital gains tax triggered by the sale. Robbie Mitchnick, Head of Digital Assets at BlackRock, stated that IBIT has processed over $5 billion in such conversions, further increasing from $3 billion in October of last year.

BitcoinTreasuries.NET posted on platform X that BritishHodl will participate in the Bitcoin Treasuries Conference held in New York on September 28, and facilitate BlackRock's reduction of the minimum amount for converting Bitcoin to IBIT from $50 million to $2 million.BitcoinTreasuries.NET stated that this is a resource brought by top independent Bitcoin media figures participating in the live custody discussion.

Venture capitalist Tomasz Tunguz pointed out that the narrative of AI infrastructure resembles a slow relay race, with bottlenecks sequentially transmitting from GPUs to memory, CPUs, and storage, each link freezing the supply chain of the next for years and locking in higher baseline costs. At the beginning of 2023, the GPU shock caused H100 rental prices to exceed $9 per hour, and server shipments fell by 22%; subsequently, manufacturers shifted capacity to HBM, leading to an 80% quarterly increase in enterprise SSD prices and over a 60% rise in DRAM.By the end of 2025, the workload of intelligent agents will push the CPU to GPU ratio to about 1:1, with the average price of server CPUs rising by 27% year-on-year; in 2026, nearline HDD annual capacity will be sold out. The construction cost of data centers has risen to about $20 billion per gigawatt, with orders for long-cycle equipment such as transformers and turbines scheduled as far out as 2029 to 2031.Tunguz referred to this as the long whip effect in the hardware sector: years of manufacturing delays amplify downstream demand shocks upstream, and when pressure is relieved at a certain bottleneck, it will be delayed in transmitting to the next link, with transformers scheduled for delivery in 2027 to 2028, NAND wafer fabs, and turbine production lines potentially facing the risk of overcapacity.

According to The Kobeissi Letter, the call options volume for the Bitcoin ETF IBIT reached 1.58 million on Wednesday, setting a new single-day historical high; the volume exceeded 1 million for three consecutive trading days from Wednesday to Friday, as investors chased the crypto rebound.As a result, the call skew increased by 0.05 points over the past three days, marking the largest three-day increase in at least two years, more than three times the average three-day change since January 2025. This indicator measures the relative cost of upside versus downside options, and a significant increase in this metric indicates that investors are more willing to pay a premium for upside exposure.

According to SoSoValue data, during the last trading week (Eastern Time from August 17 to August 21), the net inflow for Bitcoin spot ETFs was $1.918 billion. The Bitcoin spot ETF with the highest net inflow last week was Blackrock ETF IBIT, with a weekly net inflow of $1.331 billion, bringing the total historical net inflow for IBIT to $62.43 billion; followed by Fidelity ETF FBTC, with a weekly net inflow of $293 million, currently having a total historical net inflow of $10.18 billion.The Bitcoin spot ETF with the highest net outflow last week was VanEck ETF HODL, with a weekly net outflow of $16.1496 million, currently having a total historical net inflow of $1.07 billion. As of the time of writing, the total net asset value of Bitcoin spot ETFs is $96.07 billion, with an ETF net asset ratio (market value compared to total Bitcoin market value) of 6.17%, and the historical cumulative net inflow has reached $53.71 billion.

Galaxy Research Director Alex Thorn posted on the X platform, stating that today, the retail buying inclination for BlackRock's Bitcoin exchange-traded fund IBIT reached its highest level in two years.

According to SoSoValue data, yesterday (Eastern Time August 17) the total net inflow of Bitcoin spot ETFs was $298 million.The Bitcoin spot ETF with the highest single-day net inflow yesterday was Blackrock ETF IBIT, with a single-day net inflow of $160 million. Currently, the historical total net inflow of IBIT has reached $61.256 billion.Next was Fidelity ETF FBTC, with a single-day net inflow of $112 million. Currently, the historical total net inflow of FBTC has reached $9.994 billion.As of the time of writing, the total net asset value of Bitcoin spot ETFs is $78.671 billion, with an ETF net asset ratio (market value compared to total Bitcoin market value) of 6.09%. The historical cumulative net inflow has reached $52.086 billion.

UBS's second quarter IBIT call option exposure increased 24 times. As of now, the bank holds 407,890 shares of IBIT, valued at $13.6 million; at the end of the first quarter, it held 364,371 shares.

The macro hedge fund Tudor Investment, founded by billionaire Paul Tudor Jones, holds 688,529 shares of BlackRock's spot Bitcoin ETF iShares Bitcoin Trust (IBIT), with a market value of approximately $22.9 million as of June 30, an increase of 18.9% from the end of the first quarter, ending a year-long trend of reduction.Tudor Investment also reduced its corresponding holdings in call options linked to IBIT from 998,000 shares to about 148,000 shares, a decrease of approximately 85%, while the put options position remained roughly flat. The 13F filing did not disclose the options' strike prices and expiration dates. Tudor Investment once held over 8 million shares of IBIT at the end of 2024, followed by a continuous reduction. Paul Tudor Jones has long viewed Bitcoin as an asset to hedge against inflation, and IBIT currently accounts for about 49% of the assets in U.S. spot Bitcoin ETFs.

Brian Armstrong posted on the X platform that Deribit has obtained a VARA brokerage license, allowing access to the market and liquidity of Coinbase Exchange. The UAE is embracing modern finance and digital assets.

Tudor Investment Corp, the macro hedge fund founded by Paul Tudor Jones, disclosed in its latest 13F filing with the U.S. Securities and Exchange Commission (SEC) that it held 688,529 shares of the BlackRock iShares Bitcoin Trust (IBIT) as of June 30, 2026, with a position value of $22.9 million.The institution's holdings this quarter increased by 18.9% compared to the 579,083 shares disclosed in the previous quarter. Tudor Investment Corp manages approximately $106 billion in assets, and its spot Bitcoin ETF holdings gain exposure to Bitcoin through the fund structure. Paul Tudor Jones first disclosed Bitcoin exposure in May 2020, when he allocated a low single-digit percentage of assets through Bitcoin futures. In October 2024, he stated that he holds gold and Bitcoin, and does not hold fixed income assets.

According to CoinDesk, Swiss banking giant UBS significantly increased its exposure to BlackRock's iShares Bitcoin Trust (IBIT) in the second quarter, with its nominal position in IBIT call options rising from 80,000 shares to approximately 1.95 million shares, an increase of over 24 times; during the same period, its directly held IBIT shares increased from 364,371 shares to 407,890 shares, an increase of about 12%.In contrast, UBS's nominal exposure to IBIT put options decreased from 303,300 shares to 143,300 shares, a decrease of about 53%. Regulatory filings did not disclose the options' strike prices and expiration dates, nor did they specify whether the changes were driven by client trading demand, market-making hedges, active management, or proprietary trading.

According to Bitcoin Magazine, investment advisory firm Edelman Financial Engines disclosed a position of approximately $34 million in a spot Bitcoin ETF, primarily allocated to the BlackRock iShares Bitcoin Trust (IBIT) and Grayscale-related products. Although this position still represents a small percentage of its overall portfolio, it has surpassed its holdings of about $25 million in Amazon. This move aligns with the public stance of the company's founder, Ric Edelman, who has advocated for a Bitcoin ETF since 2019 and established the Digital Assets Council of Financial Professionals to provide cryptocurrency and blockchain education for financial advisors.On the same day, related disclosures showed that Tudor Investment Corporation, led by legendary macro trader Paul Tudor Jones, held 688,529 shares of IBIT as of June 30, valued at approximately $22.9 million, an increase from 579,083 shares in the previous quarter. The report noted that Jones is known for his long-term analysis of inflation cycles, and the scale of this increase has garnered some market attention.

According to regulatory documents, Switzerland's largest bank UBS has increased its holdings in BlackRock iShares Bitcoin Trust (IBIT), raising its total position to over $83 million, corresponding to approximately 2.5 million shares. The bank has gradually increased its Bitcoin exposure since the approval of BlackRock's Bitcoin ETF in 2024, with the total holdings in related cryptocurrency ETFs amounting to about $90 million.BlackRock IBIT manages assets totaling approximately $47.3 billion. UBS also holds a position of about $1.5 million in the Bitcoin mining company American Bitcoin Corp., supported by Eric and Donald Trump Jr. Previously, there were reports that UBS plans to offer Bitcoin trading services to some private clients in Switzerland.

According to SoSoValue data, the total net outflow of Bitcoin spot ETFs is $61.1637 million. The Bitcoin spot ETF with the highest single-day net outflow is the Fidelity ETF FBTC, with a single-day net outflow of $46.8221 million. Currently, the historical total net inflow of FBTC has reached $9.9445 billion.The second is the Blackrock ETF IBIT, with a single-day net outflow of $14.3416 million. Currently, the historical total net inflow of IBIT has reached $61.157 billion. As of the time of writing, the total net asset value of Bitcoin spot ETFs is $77.369 billion, and the ETF net asset ratio (the market value compared to the total market value of Bitcoin) is 6.06%. The historical cumulative net inflow has reached $51.977 billion.