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Bitcoin crossed $64,000 in Asian morning hours Monday, up half a percent on the day but down almost 3% over the week, as a softer dollar and fading rate-hike bets failed to lift crypto out of its recent range.
UBS Increases Exposure to Bitcoin ETF Call Options by 24 Times
UBS sharply increased its exposure to call options tied to BlackRock’s iShares Bitcoin Trust during the second quarter, while also raising its direct IBIT holdings and reducing put exposure.
The Swiss banking group reported call options covering 1.95 million underlying IBIT shares as of June 30, according to its latest U.S. regulatory filing. That compares with calls covering just 80,000 shares at the end of March.
The increase of 1.87 million underlying shares represents a rise of roughly 2,338%, making the reported call exposure more than 24 times larger in three months.
Bitcoin ETFs See Largest Outflow in Six Weeks as Token Stagnates
Spot Bitcoin exchange-traded funds recorded their largest outflows last week since the end of June, reversing a strong start to August.
The 13 US-listed funds saw a net $389.7 million drained in the week of Aug. 10, after pulling in $853.5 million the previous week, according to data compiled by Bloomberg. The first week of the month marked the largest weekly inflows for the funds since April, coming on the heels of a rare hack of a brand of so-called cold wallets that renewed interest in safeguarding digital assets through traditional finance.
“Last week’s ETF net outflows reflect the subdued mood in the Bitcoin market,” said Esme Pau, head of capital markets and policy at blockchain security firm CertiK. “The inflows seen shortly after the Coldcard hack now appear to have been an aberration, with broader institutional sentiment remaining cautious, bordering on pessimistic.”
Israel Crypto Broker Bits of Gold Probes Customer Data Breach
The company notified customers on Aug. 16 and said it had blocked the access, disconnected the affected system from its information sources and informed relevant authorities, Calcalist reported.
The company said its review indicates “there may have been access to certain personal information,” including names, ID numbers, emails, phone numbers, IP addresses, bank account details and public crypto wallet addresses. It said digital assets, account passwords, scanned ID documents, full credit card details and CVV codes were unaffected. Bits of Gold also said “there is no indication” so far that the potentially exposed information has been used.
Bitcoin & Ethereum Spot ETF Flow
The overall net outflow of the US Bitcoin spot ETF on Friday was $57.63 million. The total net asset value of Bitcoin spot ETFs is $76.61 billion, and the ETF net asset ratio (market value compared to total Bitcoin market value) is 6.07%.
The Bitcoin spot ETF with the highest net outflow on Aug 14 was iShares Bitcoin Trust, with a net outflow of $55.51 million, according to SoSoValue.
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