CryptoNews.com, August 28: 1. Bitcoin broke through $80,000, setting a new record for ETF fund inflows; 2. Charles Schwab will add three altcoins to its digital assets list; 3. BlackRock: Bitcoin ETF trading volume hits record high, with expectations that Bitcoin could reach $150,000; 4. Ki Young Ju: This bull market peak is driven by institutional funds outside the U.S. and ETFs; 5. BlackRock: U.S. Treasury debt surpasses $40 trillion, supporting the case for Bitcoin investment; 6. CFTC warns investors to exercise caution when using crypto ATMs; 7. U.S. July PCE inflation exceeds expectations, raising the probability of a Fed rate hike to 42%; 8. SEC submits a new proposal to modernize regulatory oversight of crypto asset custody; 9. SEC proposes reforms to custody rules for advisors and funds holding crypto assets; 10. SEC submits a new proposal to the White House to establish a clear regulatory framework for crypto asset custody.
Bitcoin Surpasses $80,000, Reaches New High for ETF Inflows
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Summary
Bitcoin surged past $80,000, with ETF inflows reaching a new record, according to BitJie. BlackRock reported all-time high trading volume for Bitcoin ETFs, projecting a potential $150,000 price level. Ki Young Ju highlighted strong ETF inflows and institutional funding outside the U.S. as key drivers of the current bull market. ETF outflows remain minimal, supporting sustained buying momentum.
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