Good morning, Asia. This is what news is doing in the markets:
Welcome to Asia Morning Briefing, a daily summary of the main stories during the US hours and an overview of the movements and market analysis. To obtain a detailed description of the US markets, see Cryptokook from Coindesk America.
August delivered a rare reversal in the ETF tide: Bitcoin Spot’s funds show $ 751 million in net exits only weeks after promoting the asset to a maximum of $ 124,000 at all times, while Ethereum Etfs in silence absorbed $ 3.9 billion, according to market data.
The divergence is surprising because it marks the first time since both products were launched that BTC ETFs have lost ground, while ETFs of Ethereum have published strong tickets in the same month, which suggests that institutional investors can rebalance their exhibition.
The data in the chain underline Bitcoin’s fragility. A recent Glassnode report shows that BTC slides below the cost of the owners of 1 and 3 months, leaving investors in the short term under water and increasing the risk of a deeper setback. A sustained movement under the cost of six months about $ 107,000 could accelerate losses for the support zone of $ 93,000- $ 95,000, where a dense group of long-term holders accumulated.
Prediction markets are echoing that caution. Polymket merchants now assign a 65% probability that BTC checked $ 100,000 before $ 130,000, while only 24% expect it to reach $ 150,000 at the end of the year. This change suggests that investors see that the July rally extends too much without the demand of renewed ETF to support it.
Ethereum, meanwhile, has benefited from more stable tickets. ETFS ETH has registered positive net subscriptions in 10 of the last 12 months, and the route of $ 3.9 billion August helped the Token obtain a gain 25% for 30 days despite a difficult week.
With the Bitcoin ETF tide flowing, Ethereum’s stable institutional offer can be emerging as a quiet ballast and perhaps the beginning of a rotation story that is directed at the end of the year.
Market movements:
BTC: Market observers say that cryptography graphics look so bearish that they could be optimistic, according to previous Coindesk reports, since BTC quotes below 108K, with forced liquidations of cleaning leverage and a rebound probably after the Fed decision of September 17.
ETH: Polymarket merchants see that Ethereum remains above $ 3,800 to 5 September with more than 90% probabilities, while long -term bets give it a 71% probability of ending 2025 above $ 5,000 and more thin probabilities of $ 10,000 or more.
Gold: Gold rose to maximum record as merchants have a price of fed tariffs, a weaker dollar and political uncertainty after the challenges to the independence of the Central Bank.
Nikkei 225: Nikkei 225 seemed to open down as investors weighed a ruling from the US court against Trump’s tariffs, China-India ties and the next manufacturing data.
In another part of Crypto:
- Justin Sun Eyes ‘Swift’ for the Virtual Assets Sector, Praise of Hong Kong Crypto Moves (SCMP)
- The USD1 backed by Trump for supplant
- The volume of Derivatives of WLFI jumps 400% ahead of the first tokens unlocking of World Liberty on Monday (the block)
