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Bitcoin ETF Buyers Return as $80,000 Level Tests Market Rally
The investors who helped propel Bitcoin into its Wall Street era are showing signs of coming back, offering a crucial test of whether its latest rally can turn into something bigger.
About $3.5 billion poured into US-listed Bitcoin ETFs in August, the biggest monthly inflow in more than a year, even as the token struggles to hold around $80,000.
Kraken parent Payward delays IPO to second quarter of 2027 at earliest
Payward, the parent company of American crypto exchange Kraken, has delayed its widely anticipated initial public offering until next year, according to two people familiar with the matter.
The Wyoming-based company is not planning to go public until the second quarter of 2027 at the earliest, one of the people said, who spoke on condition of anonymity as the matter is private.
The delay extends an already lengthy wait for one of the crypto industry's most closely watched public-market debuts.
CoinDesk reported in March that Payward had put its multibillion-dollar IPO plans on hold as difficult market conditions weighed on crypto prices, trading volumes and valuations. At the time, sources said the company remained interested in going public but was unlikely to proceed until conditions improved.
Bitcoin & Ethereum Spot ETF Flow
The overall net inflow of the US Bitcoin spot ETF on Wednesday was $101.15 million. The total net asset value of Bitcoin spot ETFs is $97.22 billion, and the ETF net asset ratio (market value compared to total Bitcoin market value) is 6.26%.
The Bitcoin spot ETF with the highest net inflow on September 2 was iShares Bitcoin Trust (IBIT), with a net inflow of $115.45 million, according to SoSoValue.
Source: SoSoValue
The overall net outflow of the US Ethereum spot ETF on Wednesday was $48.08 million. The total net asset value of Ethereum spot ETFs is $15.00 billion, and the ETF net asset ratio (market value compared to total Ethereum market value) is 5.13%.
The Ethereum spot ETF with the highest net outflow on September 2 was iShares Ethereum Trust ETF (ETHA), with a net outflow of $53.35 million, according to SoSoValue.
Source: SoSoValue