Live updates: BlackRock’s IBIT drives $236 million bitcoin ETF outflow

Reporting concluded on Sept. 2, 2026, at 9:00 PM

Private-sector employment expansion registered at a mere 38,000 according to the ADP, falling short of projections and hitting its lowest mark since January.

Dutch central bank moves gold from New York to London

“In view of increasing geopolitical unrest, DNB is strengthening its crisis preparedness,” announced De Nederlandsche Bank, as it revealed plans to shift roughly 86 tons of gold from the United States and Canada to London. “Improving the liquidity and tradability of the Dutch gold reserves is part of these preparations.”

“Keeping a larger share of the gold reserves in London strengthens the function of gold as an anchor of trust,” the DNB added. “Gold is seen as the ultimate reserve asset because it is ideally suited to hedge extreme systemic risks.”

Before this relocation, the institution stored approximately 51% of its total 612.4 tons of gold within the U.S. and Canada, a figure that has since decreased to 37%.

Fed’s Beige Book notes tiny ease in price pressure

“Prices increased moderately in eight Districts, with two Districts reporting modest increases, one slight increases, and one robust increases,” as stated in the Federal Reserve’s newly published August Beige Book.

When compared to the prior timeframe, the publication noted that the velocity of price growth remained consistent across eight Districts, declined in three, and rose in just a single District.

“A few Districts noted that heightened price sensitivity among customers was putting a limit on their ability to pass through input price increases.”

This update is unlikely to alter expectations regarding the strong probability of an interest rate increase at the upcoming Federal Open Market Committee meeting. Both the central bank and financial markets are looking toward this Friday’s employment statistics and next Friday’s inflation metrics to either cement a rate hike decision or maintain the status quo.

U.S. jobs report could keep markets rangebound until Friday

The primary macroeconomic catalyst of the week is Friday’s U.S. employment report, which has the potential to leave markets confined to a narrow range until its publication.

Nonfarm payrolls are projected to grow by 58,000 following a contraction of 23,000 in July, while the jobless rate is anticipated to hold steady at 4.1%, sitting near multi-year lows.

Based on data from the CME FedWatch Tool, traders are currently pricing in a 64% probability of a 25 basis point rate increase at the September gathering.

Bitcoin accumulation softens as price retreats to $77,000

Bitcoin buying momentum has cooled over recent sessions as values pulled back from approximately $81,000 down to $77,000.

Metrics from Glassnode regarding the Accumulation Trend Score broken down by cohort display a combined reading of 0.64 across all investor demographics, ranging from entities holding under 1 BTC up to major whales managing over 10,000 BTC. This demonstrates that every single cohort continues to act as a net buyer, even though the velocity has moderated subsequent to three months of exceptionally heavy summer accumulation, which was predominantly driven by retail participants identifying substantial value near the $60,000 threshold.

Bank of Canada stays on hold, as expected

As the initial Western central bank to review monetary policy this month, the Bank of Canada kept its benchmark lending rate unchanged at 2.25%, aligning fully with universal market anticipations.

The European Central Bank is scheduled to convene next week and is widely projected to implement a 25 basis point rate increase.

The Federal Reserve follows the week after, and—in light of Chair Kevin Warsh’s hawkish shift at Jackson Hole last week—is likewise anticipated to raise borrowing costs by 25 basis points.

Japan’s yen suddenly surges, suggesting intervention

The dollar-yen exchange rate dropped roughly 100 pips within the span of a few minutes, bringing the rate to 158.90 as the yen strengthened sharply.

The sheer magnitude and velocity of this movement strongly point toward official intervention, involving the sale of dollars and purchase of yen by Japanese financial authorities.

This market action transpired concurrently with the conclusion of the G20 finance ministers’ gathering in North Carolina, where U.S. Treasury Secretary Scott Bessent urged the Bank of Japan to weigh implementing rate hikes to support the local currency.

Speaking of jobs, Uber slashing 10% of global workforce

Ride-sharing giant Uber is eliminating 3,300 positions, translating to approximately 10% of its worldwide staff.

“Over the last 5+ years, Uber has grown by orders of magnitude, with our top line nearly tripling,” stated CEO Dara Khosrowshahi, in an official communication detailing the staff reductions. “The changes we’re making today are designed to do two things: make Uber simpler and faster, and create more capacity to invest in our future.”

Shares of U.S. corporation UBER advanced 1.9% during pre-market trading, though they remain nearly 20% lower on a year-over-year comparison.

Fed’s Williams sounding somewhat dovish

While the signals are subtle, fatigued bond buyers will accept any encouragement available, and Federal Reserve Bank of New York President John Williams adopted a slightly dovish tone during recent remarks broadcast on CNBC moments ago.

Williams noted that recent inflation metrics have been encouraging and indicated he perceives a trend pointing toward even more favorable statistics.

Given that Williams has leaned toward a dovish stance in recent months, his statements are not entirely unexpected, yet they successfully demonstrate that he has not yet transitioned to a hawkish perspective.

Nevertheless, he emphasized the necessity of reviewing additional economic indicators ahead of the Federal Reserve’s mid-September gathering, noting that the August Consumer Price Index report is slated for publication on September 11, exactly five days prior to the forthcoming interest rate determination.

ADP jobs points to continued summer employment slowdown, rising just 38,000 in August

The August ADP Employment Change report recorded an expansion of 38,000 private-sector roles, representing a decline from July’s figure of 46,000 and missing analyst predictions calling for 47,000 additions.

This represents the most sluggish ADP employment reading registered since the month of January.

The release arrives forty-eight hours prior to the government’s significantly more influential Nonfarm Payrolls publication for the same month.

The 10-year U.S. Treasury yield continues to drift lower from its overnight peak of 4.82%, declining 2.2 basis points to settle at 4.774%.

Futures tied to U.S. stock indices have erased earlier losses to trade close to flat for the session, while Bitcoin remains down from its worst levels but still trades 1.5% lower over the trailing 24 hours at $76,800.

Remixpoint sells all altcoins to focus on bitcoin-centric strategy

Japan’s second-biggest corporate digital asset treasury entity, Remixpoint, liquidated all of its alternative cryptocurrency holdings on September 1, according to data from Wu Blockchain, with transactions encompassing 901 ETH, 13,920 SOL, 1.19 million XRP, and 2.8 million DOGE.

These token dispositions generated roughly $5.49 million (equivalent to 879 million yen) in total receipts, yielding a profit of approximately $737,500 (118 million yen).

Remixpoint refrained from disposing of any of its bitcoin reserves, maintaining its holding of 1,506 BTC, and announced that its future treasury allocation and operational focus will center entirely on Bitcoin.

Debasement-trade assets bitcoin and gold fell again on Wednesday

Assets commonly tied to currency debasement trades, specifically bitcoin and gold, experienced further declines on Wednesday, with bitcoin dipping beneath $77,000 to register losses exceeding 1% over the past 24 hours, while gold pulled back to $4,300 per ounce.

These downward movements coincide with a persistent surge in global bond yields, pushing the U.S. 10-year Treasury yield past 4.81% for a 0.38% increase over the trailing 24-hour window, alongside a strengthening DXY index reaching 99.85, which imposes heightened downward pressure across risk-on assets.

Meanwhile, Brent crude oil recorded marginal losses over the past 24 hours, maintaining a level just above $90 per barrel.

Markets now price in a 58% chance of a Fed rate hike this month

Market participants are currently pricing in a 68% probability that the Federal Reserve will increase its baseline interest rate by 25 basis points before the conclusion of the month, drawing on metrics compiled via CME’s FedWatch platform.

As of today, current borrowing costs remain established within the 3.5% to 3.75% band.

These elevated expectations, catalyzed by a hawkish address delivered by Fed Chair Kevin Warsh during the previous week, continue to present a substantial headwind for equities alongside alternative instruments like gold and bitcoin that do not offer an inherent yield.

FIL, UNI and SKY outperform the broader crypto market

Select smaller-cap cryptocurrencies have managed to outperform the wider digital asset sector, including the market leader, bitcoin (BTC).

Over the preceding 24-hour period, Filecoin’s token FIL surged by 14%, securing the position of top performer among the top 100 tokens evaluated by market capitalization, while Uniswap’s UNI and Sky Protocol’s SKY both recorded gains exceeding 6%.

Conversely, bitcoin retreated by 2% during the same timeframe, moving down to $76,780.

Figures completes acquisition of estate lender Kiavi

Blockchain enterprise Figure Technology Solutions (FIGR), led by former SoFi executive Mike Cagney, finalized its buyout of property lender Kiavi in a corporate transaction valued at $717 million.

The financial consideration encompassed a wider agreement involving investment firm Sixth Street, with Figure contributing approximately $590 million in cash, as outlined in an official regulatory filing published on September 1, while a joint venture backed by Sixth Street took ownership of Kiavi’s residential transition loan assets.

Figure financed the bulk of its purchase via proceeds secured from a $600 million offering of 8.5% senior notes maturing in 2031, following a share price decline of 8.15% the previous day and a subsequent 0.5% recovery in pre-market trading on Wednesday to reach $33.9.

IBIT accounts for most of a $236 million bitcoin ETF outflow

Spot bitcoin exchange-traded funds in the United States experienced roughly $236 million in net withdrawals on Monday, driven primarily by BlackRock’s IBIT fund accounting for approximately $201 million of those exits alongside Fidelity’s FBTC losing another $44 million, according to metrics from SoSoValue.

Bitwise’s BITB stood out as the sole fund experiencing positive inflows, capturing around $8 million, whereas the remaining nine constituent products reported zero net flows.

The broader digital asset fund ecosystem otherwise remained in positive territory, as ether-based ETFs gathered approximately $11 million to secure a 12-day continuous inflow streak, XRP products brought in $14 million, solana vehicles attracted $10 million, and hyperliquid funds secured nearly $2 million.

Bitcoin changed hands just above $77,000 during Wednesday morning trading hours in Asia, reflecting a roughly 2% decline across the weekly timeframe based on CoinDesk figures, with solana and zcash pacing the 24-hour losers down roughly 3% each, while XRP, tron, and dogecoin each dropped around 2%, leaving bitcoin, ether, BNB, and hyperliquid sitting within 2% of the flatline.

Observers should monitor whether IBIT registers another negative session, since a single vehicle orchestrating such a massive share of total movements implies that current trend narratives remain heavily dependent on the rebalancing activities of one specific trading desk.