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U.S. national debt hits $40 trillion as crypto ETF trends diverge
The United States national debt has surpassed $40 trillion, reaching this milestone months earlier than projected, with analysts citing lost tariff revenue as a contributing factor.
In the cryptocurrency markets, a divergence has emerged between Bitcoin and Ethereum ETFs. U.S. spot Bitcoin ETFs ended a nine-day inflow streak on August 28, recording $201.8 million in net outflows. This shift coincided with hawkish commentary from Federal Reserve Chair Kevin Warsh regarding inflation targets, which prompted a risk-off sentiment.
Conversely, Ethereum spot ETFs maintained momentum, recording $102.2 million in net inflows on the same day, extending their buying streak to ten sessions. BlackRock’s ETHA fund has been a primary driver, accumulating over $1 billion in ETH recently.
In Russia, Sberbank has announced plans to expand its crypto-collateralized loan offerings to include Ethereum and Tether (USDT), subject to formal authorization from the Central Bank of Russia following new cryptocurrency legislation.
Entities
ARK 21Shares · Binance · Bitcoin · Bitcoin · BlackRock · Coinbase · Ethereum · Ethereum · Federal Reserve · Grayscale · Sberbank · United States
Claims
What the coverage asserts, and how many sources carry each claim.
- [○ 1 SOURCE] The Coinbase Premium Index for Ethereum has returned to positive territory at approximately 0.029.
- [● 5 SOURCES] U.S. spot Bitcoin ETFs recorded $201.8 million in net outflows on August 28, ending a nine-day inflow streak. www.nadanews.com · www.cryptobreaking.com · www.it-boltwise.de · www.spacemoney.com.br
- [● 2 SOURCES] BlackRock’s ETHA ETF saw $889.8 million in net purchases over eight trading days. www.tronweekly.com
- [○ 1 SOURCE] Ethereum reserves on exchanges have decreased to 14.93 million ETH.
- [● 4 SOURCES] Spot Ethereum ETFs recorded $102 million in net inflows on August 28. www.nadanews.com · www.cryptobreaking.com · www.spacemoney.com.br
- [● 2 SOURCES] A single whale wallet purchased 5,425 ETH, valued at approximately $13.55 million.
- [● 2 SOURCES] Sberbank plans to expand its crypto-collateralized loans to include Ethereum and Tether (USDT), pending Central Bank of Russia approval. bittimes.net · www.lamiafinanza.it
- [● 2 SOURCES] The U.S. national debt has surpassed $40 trillion. www.investmentwatchblog.com · mycryptoparadise.com