Coinshares

CoinDesk Daybook

The crypto market basked in a sea of green as bitcoin (BTC) flirted with the $115,000 mark early today, extending its four-day climb from $108,000. The CoinDesk 20 Index enjoyed a neat 2% uptick in the last 24 hours, while ZEC, #pi , and ENA dazzled with over 10% gains.

The #BUZZ is all about anticipation for a Fed rate cut this Wednesday and talk of the U.S.-China trade deal, both of which seem to have spurred appetite for risk assets. The upswing is once again marked by wealth rotation.

Short-term holders and big whales are scooping up coins from long-term wallets that've been steadily cashing out since BTC prices held strong above $100,000 back in June.

Speaking of big moves, defunct exchange Mt. Gox delayed creditor repayment deadline by one year to October 2026. Sharplink Gaming made waves in the ether market, snapping up a whopping 19,271 ETH ($78.3 million), according to blockchain detective The Data Nerd. That mammoth purchase shows serious confidence in ETH’s potential.

Meanwhile, privacy coin ZEC got a bullish shoutout from the ever-bold Arthur Hayes, CIO of Maelstrom Fund. He’s forecasting a meteoric rise to $10,000, a figure that makes ETH’s current struggle to breach $5,000 look like child’s play.

On the institutional front, #CoinShares reported inflows of $921 million into digital asset products last week, a hopeful sign sparked by softer-than-expected U.S. CPI data. Bitcoin led the charge, while demand for XRP, ETH, and SOL cooled.

#Stablecoins stole the spotlight with some game-changing headlines. Western Union is reportedly piloting a stablecoin settlement system to slash reliance on old-school correspondent banks and streamline efficiency via on-chain networks.

Over in #Japan , JPYC Inc. officially launched its yen-pegged stablecoin, JPYC, and Kyrgyzstan just joined the stablecoin party with its national coin, devised with Binance’s help.

In traditional markets, the frenzied demand for leverage from retail investors – evident in surging margin debt and the record number of leveraged ETFs – emerged as a key concern, even as optimism built around easing U.S.-China trade tensions.

As Morningstar noted in an article last week, "adding fuel to the fire are worries investors are taking on risk beyond what the market’s fundamentals can support." Stay alert!

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$BTC $ZEC $ENA

-According to ETF analysts Eric Balchunas and James Seyffarth, Litecoin is the most likely to be approved for a spot exchange-traded f

und (ETF).Seyffarth said in a post on X that #Litecoin has no legal problems with the U. S. Securities and Exchange Commission.
The SEC has never called Litecoin a security, so I wouldn't be surprised if Litecoin comes out on top.
Meanwhile, the path to #ETF approval for #XRP remains unclear, according to analysts. Despite recent filings from #CoinShares , Bitwise, 21Shares, WisdomTree and others, Seyfarth and Bartunas cite the ongoing legal battle between the SEC and Ripple Inc. until all of this litigation between Ripple/XRP and the SEC is resolved.... We probably won't see ETFs, Seyfarth explained.
February 6, the SEC granted several applications for cryptocurrency ETFs.
Among the applications are the Solana ETF from Grayscale, the Bitcoin ETF from BlackRock. physical redemption offer, and Cboe's application for spot XRP ETFs issued by Bitwise, 21Shares, Canary Capital and WisdomTree.
asdaq also approved CoinShares' application to list the XRP and Litecoin ETFs proposed by these developments indicate growing institutional investor interest in altcoin ETFs, but analysts warn that XRP's regulatory uncertainty could delay approval.
XRP is still under legal scrutiny, while Litecoin is already classified as a commodity by the CFTC, Seyfarth notes. While the
XRP community remains optimistic, ETF analysts believe regulatory clarity is needed to gain approval.
Read us at: Compass Investments

Canary Capital's Litecoin Spot ETF has been listed on the Depository Trust and Clearing Corporation (DTCC) under the ticker LTCC.

This DTCC listing creates the necessary trading infrastructure for the #ETF . DTCC acts as the primary provider of clearing and custody services for securities transactions in the U. S.
Canary Capital filed an application for a spot ETF for #Litecoin in October 2024, followed by similar applications from asset managers such as #Grayscale and #CoinShares . Canary's application is expected to be the first to receive a decision from the U. S. Securities and Exchange Commission.
Bloomberg ETF analysts Eric Bartunas and James Seyfarth believe the prospects for a Litecoin-based fund are more favorable compared to other cryptoasset funds. They state. The analysts note that the ETF meets approval requirements and that the light coins are already classified as a commodity by the CFTC.
Read us at: Compass Investments
#FinTechInnovations

📅 August 25 |
The crypto market is facing its biggest bloodbath in months: according to data from CoinShares, global cryptocurrency funds recorded net outflows of $1.4 billion in just one week, the highest figure since March. The news highlights the fragility of institutional confidence, just as the “crypto as a safe haven” narrative is once again under scrutiny.

📖 CoinShares' weekly report left analysts and traders stunned: $1.4 billion in outflows from cryptocurrency funds in the last week, the highest figure since March 2025. This wave of withdrawals represents a stark contrast to the inflow trend that dominated much of the year.
The most affected were Bitcoin (BTC) funds, which accounted for the majority of withdrawals, reflecting investor caution in the face of the flagship currency's volatility. According to CoinShares, more than 80% of the outflows came from BTC-based products.
Ethereum (ETH), meanwhile, also experienced outflows, albeit to a lesser extent, while altcoins such as Solana (SOL) and Avalanche (AVAX) barely registered any significant movements. The pattern is clear: investors appear to be withdrawing capital primarily from larger-cap assets, as if the strategy were to reduce overall exposure rather than rotate between chains.
The last time such large outflows were observed was in March, when macroeconomic fears linked to the Federal Reserve's monetary policy shook the markets. Now, the factors appear similar: a combination of regulatory uncertainty in the United States, mixed signals about rate cuts, and profit-taking after the recent rally.
The contrast is striking: until a few weeks ago, crypto funds showed steady inflows thanks to optimism about ETF approvals and expectations of institutional adoption. However, this abrupt turnaround highlights how fragile sentiment can be when large capitals decide to exit the scene.

Topic Opinion:
Institutional confidence is volatile, and when the big players withdraw $1.4 billion in a matter of days, it's clear that the fundamentals still coexist with a very strong speculative narrative. This doesn't mean the end of institutional appetite, but it does mean we're in a phase of readjustment, where every macroeconomic signal weighs much more than technological innovation.
💬 Do you think these massive outflows are simple profit-taking or the start of a downtrend?

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