1. πΉ Bitcoin Holds Steady Above $118,000; Ethereum Surges Past $3,800
Bitcoin has rebounded from a dip near $116K to hover securely above $118K, even as the Federal Reserve held interest rates steady. Ethereum outperformed, trading above $3,800 thanks to strong ETF inflows and renewed institutional demand.
2. β SEC Approves InβKind Creations & Redemptions for Bitcoin & ETH ETFs
In a major regulatory shift, the SEC now allows in-kind transactions for Bitcoin and Ethereum spot ETFsβmeaning institutional investors can now exchange the underlying coins directly when creating or redeeming shares. This boosts liquidity and aligns crypto ETFs with traditional commodity fund mechanics.
3. ποΈ White House Unveils 166βPage Crypto Blueprint, Skips Bitcoin Reserve Updates
The Trump administration released a comprehensive federal roadmap advocating for crypto integration across U.S. financial systemsβcovering initiatives in taxes, banking, retirement, and stablecoins. However, the previously mentioned federal Bitcoin reserve was left out of the plan.
4. πΌ Syz Capital to Raise 2,000 BTC for Hedge Fund Relaunch
Syz Capital is gearing up to reopen its BTC Alpha crypto hedge fund in October, targeting 2,000 BTC (~$200M+) in fresh investor commitments. Approximately 1,800 BTC have already been pledged by family offices, corporate treasuries, and crypto foundationsβunderscoring strengthened institutional appetite.
