ETFs News: Bitcoin ETFs Take $217 Million as Ether ETF Streak Reaches 11 Days and Japan's 10-Year Hits 3%
US spot Bitcoin ETFs pulled in about $217 million on Monday, resuming inflows after roughly $202 million left the funds on Friday, according to SoSoValue. That outflow ended a nine-day buying run stretching back to August 19 — matching the longest inflow streak of the year.Ether ETFs never broke stride. Monday's $88 million marked an 11th consecutive day of net buying worth $1.6 billion, the longest run for the products since a 20-day streak that ended in July 2025.The One-Day Break Reads as an Adjustment, Not a ReversalFriday's single red day came after Warsh's Jackson Hole remarks pushed rate-hike expectations higher. Monday's rebound suggests allocators treated it as a one-session adjustment rather than the start of a reversal.That distinction is the week's open question. The May-to-July outflow period — which left the funds net negative for 2026 by roughly $2.5 billion — began the same way, with isolated red days before the pattern set. This week's prints settle which reading holds.Bitcoin ETF net assets closed August just under $100 billion, having crossed above that line on August 27 before Friday's selling pulled them back. Cumulative net inflows since the funds launched in January 2024 now sit near $55 billion.August finished as the strongest month of 2026 for Bitcoin ETFs by a wide margin — more than double April's total.Bitcoin Falls to $77,900 as Oil Extends and Bond Yields SurgeRisk assets are under pressure as the oil rally gathers pace and the global bond rout deepens.Bitcoin declined to $77,900 from an Asian session high above $79,000, trading nearly 1% lower since midnight UTC. Nasdaq futures fell 0.9%. NYMEX WTI crude traded 2.5% higher at $87.90, the highest since July 24.Bond yields are rising across the advanced world, posing a threat to fiscal and financial market stability.Japan's 10-Year Yield Hits 3% for the First Time Since 1996The selloff in Japanese government bonds pushed the 10-year JGB yield to 3% on Tuesday — a level last seen in 1996.The latest upswing followed comments from Treasury Secretary Scott Bessent that he expects action from Tokyo and the Bank of Japan to support the falling yen.This is the more consequential development for crypto than the oil move. The yen has long funded positions in US stocks and Treasuries through the carry trade, and JGB yields at three-decade highs compress the spread that trade depends on. Bessent warned last week that a disorderly yen market could feed through to higher US interest rates.The yen breached 160 per dollar Monday with strategists placing intervention triggers at 161 and then 162-163. More than half the gains from the July 31 coordinated US-Japan operation — the first joint yen buying since 1998 — have already unwound.DeFi Development Seeks $20 Million for SOL Purchases at 13%DeFi Development Corp., which holds the second-largest Solana treasury, is preparing to raise about $20 million through an offering of perpetual preferred stock.Proceeds are earmarked for additional SOL purchases, other crypto investments and general corporate purposes. The firm currently holds 2.23 million SOL worth over $226 million.The offering covers 2.2 million "CHAD" shares at $9 apiece with a stated value of $10. The stock would initially pay cumulative dividends at an annual rate of 13% on stated value, payable each business day when declared, with the board able to adjust the rate at least monthly.The structure mirrors what is working in the sector. Strive's SATA pays 13% annualized with daily distributions and has held its $100 par value for over a week, allowing the company to issue through its at-the-market program and fund Bitcoin purchases. Strategy's STRC pays 12% semi-monthly and trades at $97.34 despite $635.2 million in repurchases.The daily-payment, 13% template is being adopted because it works — par-priced preferred stock is a funding mechanism, while below-par preferred consumes capital to support the price.What This Week DecidesBitcoin at $77,900 sits inside the zone Bitfinex identified as where "a squeeze has run into a defined population of sellers," with spot demand absorbing overhead supply between $77,100 and $80,000.Glassnode data shows nearly 8% of Bitcoin's supply was acquired between $80,000 and $82,000 — the largest concentration at any comparable range — with the US spot ETF cohort's average cost basis in the same band and the 50-week moving average at $81,081.Friday's August payrolls report is the variable. July printed −23,000 with May and June revised down by a combined 103,000, and September hike odds sit at 58%. Bloomberg Chief Economist Anna Wong has argued there is no modern precedent for the Fed hiking after two consecutive negative readings.
