The yield on U.S. Treasury bonds continued to rise, starting from Wednesday, following Treasury Secretary Scott Bessent's announcement that the government would purchase bonds maturing in 10 to 20 years for $6 billion. The yield on 10-year U.S. bonds rose to 4.857%, while the yield on 30-year bonds reached 5.309%.
Oil prices also continued to rise: Brent traded above $102 per barrel, WTI above $97, both slightly more expensive for the day. Futures on tech stocks dipped slightly, continuing the decline that began on Wednesday. Bitcoin traded around $78,000, while gold fell below $4,400 per ounce. According to SoSoValue, U.S. spot Bitcoin ETFs lost about $120 million on Wednesday – the second consecutive losing day. Ark and ARKB from 21Shares accounted for $78 million, GBTC from Grayscale lost $27 million, and IBIT from BlackRock lost $20 million. MSBT from Morgan Stanley was the only fund to lose about $4 million. The other eight funds did not incur losses.
The rest of the market moved in the opposite direction. Ether ETFs attracted nearly $35 million after losses of $24 million on Tuesday, XRP funds gained $12 million, and Solana also gained $12 million. Hyperliquid products lost $5 million. All Bitcoin funds traded at a discount to the value of their underlying assets, except for Grayscale's mini-trust and Invesco's BTCO. This means that shares were changing hands at prices lower than the value of the Bitcoins underlying them.
Since their launch, the total inflow into Bitcoin ETFs has reached $55.45 billion. Inflow into ARKB on September 3 rose to $138 million, while six days later the outflow amounted to $78 million. Observers note that one of the departments sets a daily limit for the entire complex – this may affect whether a third shift in capital direction occurs in this fund this week.