IBIT is trading at $45.10 (+3.25%), extending Bitcoin’s multi-day rally as renewed U.S. spot Bitcoin ETF demand combines with derivatives short covering.

  • U.S. spot Bitcoin ETFs reportedly attracted approximately $1.92 billion last week, while nearly $3 billion in crypto liquidations amplified the advance.
  • Easier-liquidity expectations followed the Treasury’s larger long-term bond buybacks, alongside renewed political momentum for the CLARITY Act.
  • No new Federal Reserve decision or major regulatory announcement was identified as the immediate August 24 catalyst.