On September 4, iShares Bitcoin Trust declined 3.02% in pre-market trading, trading at $44.9687/share, with turnover of approximately $125 million.
The decline comes amid heightened volatility around Federal Reserve policy expectations. Fed Chair Warsh's hawkish Jackson Hole speech earlier pushed September rate hike probability from 35% to approximately 60%, triggering a sharp Bitcoin selloff from above $81,000 to near $76,000 and ending a nine-day ETF inflow streak with a $202 million outflow. While Fed Governor Waller subsequently offered a more dovish tone, stating he would support holding rates if inflation cools, the September hike probability remains elevated near 50%, keeping risk assets under pressure.
Structural concerns persist as Coinbase premium has remained negative for over four months, signaling weak sustained U.S. buying demand. Analysts note that Bitcoin faces concentrated profit-taking resistance near the $83,000-$86,000 zone, and spot Bitcoin ETF flows have alternated between inflows and outflows over four consecutive trading days, underscoring fragile investor conviction.
The iShares Bitcoin Trust seeks to reflect generally the performance of the price of bitcoin.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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