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U.S. GDP Goes Onchain as Bitcoin ETFs Extend Inflows, Solana Surges on Treasury Bid
1 min read
Key Takeaways
- Macro Data: U.S. GDP grew 3.3% in Q2, beating expectations (3.0 - 3.1%). Equity indices rallied modestly; BTC only +0.15% as risk appetite diverged.
- Onchain Milestone: U.S. Commerce Dept. published GDP data to nine blockchains (BTC, ETH, SOL, etc.) with oracle + CEX infrastructure support. First-ever on-chain federal dataset release.
- ETF Flows: Spot BTC ETFs logged +$179 million net inflows on August 28, marking 4 consecutive inflow days. Spot ETH ETFs added +$39.2 million, marking six straight inflows. Inflows haven’t hit July/August highs, but decent enough to keep absorbing supply.
- Institutional Treasuries: DFDV purchased 407,247 SOL ($77 million), lifting holdings to 1.83 million SOL worth $371 million. South Korea’s Bitplanet launched an institutional BTC treasury with an initial $40 million buy.
- Price Action: BTC oscillated in a tight $110.9K to $112.3K range, now ~$111.3K, as markets await breakout catalyst. ETH slipped below $4.5K support to $4.48K; SOL surged past $210 to $215.
Market Opportunity
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