Overview

• U.S. spot Bitcoin ETFs took in roughly $1.19 billion in a single day, the second-largest on record, with BlackRock’s IBIT drawing about $970 million and approaching $100 billion in assets while holding roughly 783,767 BTC.
• Bitcoin briefly topped $126,198 before easing into the $123,000–$125,000 range, with traders citing a U.S. government shutdown, a softer dollar and a debasement trade into scarce assets as supporting factors.
• On-chain data show exchange balances near a six-year low around 2.83 million BTC, reinforcing supply tightness as coins move to longer-term custody.
• Ethereum reclaimed levels above $4,700 as U.S.-listed ETH funds logged a six-day inflow streak of about $1.47 billion, aided by Grayscale’s newly approved spot staking ETPs for Ethereum.
• Crypto equities rallied alongside tokens, with miners such as HIVE, Marathon and Riot posting sizable gains, while analysts flagged overbought signals and record whale unrealized profits near $10 billion as near-term risk.