JUST IN: DTCC lists Fidelity's Solana ETF and Canary's $XRP ETF. ...

Industry Activity - Financial giant Fidelity started mining Bitcoin in 2014 [1]

FUN FACT: Financial giant Fidelity started mining #Bitcoin in 2014 https://t.co/rP8onn5MIh ...

Cryptocurrency ETF Flows - Bitcoin ETFs saw a net inflow of 6,324 BTC, equivalent to $724.56 million [1] - Ethereum ETFs experienced a net inflow of 32,292 ETH, totaling $143.05 million [1] Individual ETF Performance - Fidelity's Bitcoin ETF inflows amounted to 2,638 BTC, valued at $302.23 million, with total holdings reaching 203,206 BTC, worth $23.28 billion [1] - iShares (Blackrock) Ethereum ETF inflows were 17,243 ETH, equivalent to $76.39 million, with current holdings of 3,688,553 ETH, valued at $16.34 billion [1]

Group 1 - U.S. spot Bitcoin ETFs experienced over $1 billion in net inflows in the past week, coinciding with Bitcoin prices remaining strong above $110,000, indicating a potential test of supply and demand dynamics if the Federal Reserve cuts rates [1][2] - Farside Investors reported a total of $741.5 million in inflows, with Fidelity's FBTC at $299.0 million and BlackRock's IBIT at $211.2 million, reflecting significant interest in Bitcoin ETFs [2][6] - The recent inflow of $757 million translates to approximately 6,640 BTC, which represents nearly 15 days of new issuance at the post-halving rate of about 450 BTC per day [3][4] Group 2 - The upcoming Federal Reserve policy decisions are critical, with a Reuters poll indicating a 25 basis point cut anticipated on September 17, which could further stimulate demand for Bitcoin [4][5] - The supply side of Bitcoin has become more predictable post-halving, with the current block subsidy set at 3.125 BTC and an average of 144 blocks mined daily, establishing a limit on organic supply available for ETF demand [7][8] - The SEC's approval of in-kind creations and redemptions for crypto ETPs has improved the operational mechanics of Bitcoin and ether products, aligning them with traditional commodity ETPs [8]

RT Bitcoin Archive (@BTC_Archive)FIDELITY: One Bitcoin may be worth $1 billion by 2038. 🤯 https://t.co/1yA4DA7Lse ...

Market Overview - The cryptocurrency market capitalization has risen by 1.4% to $4.06 trillion, with a total trading volume of $164 billion [5][15] - 90 of the top 100 coins have increased in value over the past 24 hours, including all top 10 coins [4][15] Bitcoin and Ethereum Performance - Bitcoin (BTC) is currently trading at $114,132, having appreciated by 1.4% [3][15] - Ethereum (ETH) is trading at $4,435, up by 2.6% [4][15] - BTC has corrected just 8% from its mid-August all-time high (ATH) of $124,128, indicating a relatively shallow correction compared to previous instances [6][7] Institutional Inflows - US Bitcoin spot ETFs recorded significant inflows of $757.14 million, the highest since mid-July, with nine of the twelve ETFs seeing inflows [10][11] - US Ethereum ETFs also saw inflows of $171.54 million, with eight of the nine funds experiencing positive flows [11] Regulatory Developments - South Korea has lifted a seven-year ban, allowing crypto-related companies to apply for venture capital funding, reflecting the changing global status of the crypto industry [12] Market Sentiment - Despite caution in the market, there is an increase in bullish sentiment, as indicated by the rise in the crypto fear and greed index from 43 to 47 [9][10] - Market participants are awaiting key US inflation data and decisions from the Federal Reserve, which could impact market dynamics [4][12]

Economic Outlook - The likelihood of a recession in 2026 is fluctuating, with the Conference Board predicting that higher tariffs will negatively impact GDP growth into the next year [1] - Fidelity and J.P. Morgan have noted a significant decrease in the likelihood of a recession in recent months, with Fidelity stating that current signals do not indicate an imminent recession [1] Financial Planning - Fidelity emphasizes the importance of having a financial plan that accommodates various scenarios for reassurance [1]

ETF Holdings - Fidelity spot ETFs purchased 2,680 BTC on September 10 [1] - Fidelity spot ETFs purchased 11,490 ETH on September 10 [1]

BREAKING: 🇺🇲 BLACKROCK AND FIDELITY JUST BOUGHT $124 MILLION WORTH OF $ETH. ...