Bitcoin and Ethereum ETFs See $577 Million Net Inflow as BTC Surges to $82,000

U.S. spot Bitcoin (BTC) and Ethereum (ETH) ETFs recorded a net inflow of $577 million on September 18, with $433 million flowing into BTC ETFs and $144 million into ETH ETFs. Wu Blockchain reported that funds were primarily entering Fidelity and BlackRock products.

Bitcoin rose nearly 5% within a day, attempting to re-break the $82,000 level. Watcher Guru cited CoinGecko data showing a daily price increase of approximately 5%, though actual price movements and trading volume require further verification.

Circle reported that USDC supply decreased by around 300 million units over seven days, totaling 7.38 billion units as of September 17. The company stated that during the same period, approximately 9.1 billion units were issued and 9.4 billion redeemed, with reserves reaching $74 billion (about 10.26 trillion won).

The Brazilian Securities Commission (CVM) submitted a 60-day mock trial plan for security tokenization, aiming to test the tokenization process of stocks and bonds without actual securities or investors using distributed ledger technology (DLT). The trial can be extended by up to 30 days if needed.

Bastion, a stablecoin infrastructure company, began the nationwide trust bank conversion process following conditional approval from the Office of the Comptroller of the Currency (OCC), which is not yet final. Upon completion, Bastion plans to offer stablecoin custody, wallet, and payment infrastructure along with white-label issuance services.

Lumitera users claimed a $560,000 loss after accessing a phishing site via an official X post's Discord link. Wu Blockchain noted that the site prompted identity verification and wallet authentication.

Oracle Project Switchboard announced it will cease all services from September 25, with BlockBeats reporting the project effectively shut down after raising $7.5 million in Series A funding in July 2024.

The altcoin market cap increased by over 10% this week, breaking a two-year downtrend, though it still fell short of the Altseason Index threshold of 75, per AMBCrypto's report on September 19. The index stood at 46.

CoinGlass reported that $519.04 million in leveraged positions were liquidated across crypto markets within 24 hours as of 3:55 p.m. on September 19, with short liquidations accounting for 90.2% ($468.16 million) and longs at $50.88 million.

XRP's 24-hour spot trading volume reached approximately $1.36 billion (about 189 billion won), up 7%, with the price hitting $1.41, according to CoinGape. CoinGlass noted a slightly higher volume of around $1.4 billion as of 2:22 p.m. on September 19.