Bitcoin ETFs just had their best day of 2026

This episode of “The Daily Wolf with Scott Melker” explores the latest crypto-related headlines.

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US Bitcoin ETFs just had their largest day of inflows since January, $731 million. The institutional money is back. Does that mean the bull market is back as well? We’re going to talk about that and more today on the Daily Wolf. Let’s go.

What is up everybody? Welcome to the Daily Wolf on Yahoo Finance. I am your host Scott Melker, also known as The Wolf of all streets. You can find me on X @ Scottmelker. It’s right down there. You can also find me on YouTube, Scott Melker and watch my every day 9:00 a.m. show where I interview some of the biggest names in the crypto space. Now,

the big first story today is this one that I mentioned at the top. US Bitcoin ETFs report the largest inflow day since January worth $731 million. Now, usually when we’re talking about what’s signal and what’s noise,

we don’t talk too deeply about the daily ETF inflows and outflows because it generally gets washed away in the news cycle and inflows obviously can reverse to outflows at any point. But when you have the largest day here in September,

uh, basically of the entire year since January, it’s worth noting. Almost a billion dollars in inflows into the Bitcoin spot ETFs. Now to break out down how that happened, IBIT, of course from BlackRock had 454 million of those, but six other funds also had inflows. Now, this is coming in the first week of September, but as you know, because I reported before, August

had approximately $3.5 billion in inflow strongest month since September 2025, and that was right before the October peak of the entire market. So this is a real trend that started in August when Bitcoin started to move up towards the end of the month. It had actually started a bit before that and is now carrying through into September. Now,

we all remember that it was the bond market that sparked this, the fact that Treasury announced that they were going to double their buybacks. That was the catalyst. But now we’re weeks removed from that happening and prices are still high and inflows are still increasing, which means that there’s actually an institutional and retail bid underlying this price move giving a lot more confidence that this is strong

and that it could potentially be a lasting move. Now, we we saw large inflows throughout most of the week, one days of outflows like I said, the daily doesn’t really matter. Right now the trend is clearly massive and in one direction and it’s supportive of this Bitcoin move. Does that mean that we have to go straight up in a straight line to all-time high?

Of course not, but everybody wants to see massive spot and ETF buying of Bitcoin because that’s what it’s going to take to continue to push price up. So investors are obviously putting money now back into crypto through traditional financial pro pro products. Meanwhile, crypto companies

are attempting to become the traditional financial system itself and we have two of them in the next story right here. Revolute wins conditional US banking license.

And the second one, Andreessen Horowitz backed Open Reserve secures preliminary OCC approval for National Bank charter charter. So none of them can offer banking services yet, but they’re both getting the preliminal approvals here, but this is a really interesting and important story because these are proposed full service national banks. These are not the narrower national trust charters that I’ve reported on in the past that most of the crypto industry

has been getting. We’ve seen a number of those proposed which in and of itself is huge news, but they can’t offer the full suite of banking services like customer accounts and yield and lending and all of the fractional reserve banking that has become popular over the years. So these are trying to basically become full service crypto bank. Revolute wants to offer deposits, credit payments,

digital asset custody, that’s a big one. And of course stable coin remittances directly to American customers. This would reduce their dependence on their banking partners, Lead Bank and Cross River. Right now when Revolute wants to do these things, they have to have a third party banking relationship much like the crypto exchanges in the United States. Now, Open Reserve, the other one from Andreessen, also wants deposits lending, tokenized deposits, payments, crypto custody and foreign correspondence banking and they also plan a subsidiary to issue a dollar back stable coin. So these are banks that are not necessarily crypto native but want to offer the full suite of crypto services and the full suite of banking services. As we blur the lines between what is a crypto exchange or company or custodian and what is a traditional bank or a traditional

uh financial institution. It’s just really interesting to see how rapidly this is all happening. It really is uh much faster than I would have even anticipated when you see all the news about tokenized stocks and perpetuals and all we’re going to get into all of that. It’s crazy. And this is all happening in real time as we are watching. Crypto basically spent 15 years here trying to eliminate banks and it’s reward for succeeding

is permission to be a bank. But once these crypto companies become banks, the next step is clearly turning every financial product into something that trades like crypto, which is something that we are seeing right now. This is the big story. AMC stock jumps 21% overnight as CEO slams Robin Hood over outrageous tokenized shares. I’m going to get into that story in a minute because it uh kind of pairs

with a certain vibe to this story, which is Coinbase Global seeks SEC approval for equity perpetuals offering. So as you know, perpetual swaps, very popular and were created in crypto by Bitmex many, many years ago. Many believe a superior way to trade futures. Uh, those were approved on crypto in the United States. Now Coinbase wants every single stock to trade

perpetually 247 365 with these contracts. Now, I wrote a news about the whole concept I’m talking about here. I wrote a newsletter about it this morning that I want to show you right here. Crypto isn’t becoming <a href="https://xpertsstudio.com/wall-street-injects-900m-into-bitcoin-and-ethereum-etfs/" title="Wall Street Injects $900M into Bitcoin and Ethereum ETFs”>Wall Street. Wall Street is becoming crypto. Right? The idea here is that we thought that crypto was going to try to finally work its way up through the halls of Wall Street to become serious. But what’s actually happening is that

Wall Street is being forced to adopt everything crypto. 24/7 trading. The SEC is having a meeting on that. As I just showed you, perpetual swaps coming here. Prediction market started with Polly market, which the Polly is Polygon. It was on crypto rails. Prediction markets blew up. Those are coming everywhere. Everything that was built in crypto is now forcing its way into the mainstream financial system and Wall Street is adopting the rails. All settlement will be

tokenized on tokenized stocks, will be 24/7 365 and you’ll be able to do everything in your wallet that you can currently do in your Schwab or e-trade account. Like I said, this is happening exceptionally fast and it’s only accelerating. And perhaps right now, the most ridiculous example of this and the convergence of it is that story I showed you before, AMC stock jumping 21% overnight as CEO slams Robin Hood over outrageous tokenized shares. So if you haven’t been paying attention to this,

Robin Hood chain has absolutely exploded, the most successful Ethereum layer two ever, which I think was pretty predictable because it’s Robin Hood that’s launched it and they’ve done an exceptional job. But of course, as Robin Hood has announced that this is a chain for tokenized assets and real world assets and serious things, the crypto people came over there and turned it into a meme chain which is pumping a ton of the volume. But there was an interesting innovation which is that you can launch a meme coin

and attach it to a tokenized stock on Robin Hood chain. So there’s a tokenized version of AMC, not available in the United States, of course, this is offshore. right, not available in the United States. There’s a tokenized AMC that you can trade on Robin Hood, but that does not necessarily have all of the rights of an actual shareholder, which is one of the big problems that the AMC CEO is like complaining about. But then someone launched a

token called meme, a meme token called meme, attached it to Robert to AMC stock and the price action on the meme coin is sending AMC stock actually flying. Right? And this isn’t the first example of it. There was a token, I hate to say this on TV, Boner. It’s called Boner and it was attached to him. And another one, I can’t even remember the name of it that sent a Nasdaq listed stock up 200% or so in a day. So meme coin traders are effectively massively impacting what happens with actual stocks. Now the AMC

CEO who should be cheering this uh and should be super excited that his stock is pumping. And let’s be honest, AMC went up in the first place in the first iteration of GameStop that had nothing to do with crypto when meme stocks became a thing, but pointing out and rightfully so that, you know, when a stock is moving because of an offshore platform that has a tokenized version, but it doesn’t actually comply with securities law or give you the same rights you would have as a normal shareholder, maybe there’s a problem here. And these are the growing pains

that are naturally going to happen in this convergence when everybody tries to be everything. Now, interestingly, if we had the clarity act, this probably wouldn’t be happening. Right? So we know that FTX couldn’t have ever happened if we had had the clarity Act and FTX had been properly uh regulated. But none of this could happen if we had the clarity Act because there would be distinct rules on what Robin Hood or people could do on chain or even what uh could happen with the AMC stock

itself. So the best part though, by the way is that the AMC CEO uh, his name is Adam A r o N. I don’t know if it’s Aaron, Aaron or A Aron. A Aron, Adam, A Aron, Adam Aaron. Uh he was freaking out and Vlad Tenav the CEO of Robin Hood simply responded under him and said, what’s the concern? Question mark. And it triggered

Yeah, the the new meme, just anytime now anybody asks you anything, just respond with what’s the concern. And if you’re in crypto, people will know exactly what you did there. It’s like when SBF came out of nowhere and just did one what question mark, what? and everybody just tweeted what forever. they’re still doing it. So what’s the concern and then uh it caused a massive debate on X about all of this, but it’s uh only going to get more interesting with time here, but right now meme stocks, uh meme tokens are literally pumping

stocks, which proves that all stocks are really just meme stocks. Right. So, so absolutely interesting. So American companies here fighting over whether securities should be tokenized and South Korea has decided the answer is yes, which leads into our next story. South Korean government seeks infrastructure to tokenize traditional securities beyond fractional investments. So they had legislation that uh passed before that’s recognizing blockchain based securities which takes effects on February 4th, 2027. So now South Korea going all in on tokenization, the first phase

will include private money market funds, private corporate bonds, unlisted shares and fractional investments. Phase two will expand the system to publicly offered securities like Robin Hood situation. Phase three would create on-chain settlement using stable coins and other digital payment

assets. So this is not South Korea creating a small crypto sandbox. They’re designing a path for conventional crypto of conventional capital markets, all of it. issuance, trading, settlement and investor rights uh, investor rights to operate on chain. So this is one of the most forward thinking governments now that like we’re seeing in the United States will be moving everything towards tokenization and towards crypto rails, which is all great. I mean, putting more assets on chain

obviously then increases the importance of self-custody, which we’ve long talked about, right? You need your privacy and your custody. But unfortunately, owning a secure wallet does not make the company shipping it secure, which brings us to our next sad story, Data Breach announcement. Trezo, again, recent customer data exposed in shipping provider incident. So you all saw this story before when they had their shipping provider leak 13,689 customers information.

Trezo now says the compromised database contained information belonging to another 67,000 US customers. That’s over 80,000. By the way, there was other another story that like, I don’t know, hundreds of millions of United States driver’s licenses had been leaked, like 65% of all driver’s licenses if you’re wondering that these data breaches, absolutely insane. So once again, this is not a risk that you will get hacked. This is giving your information all of it that someone would need to attach you to a crypto account or to know that you’re a crypto user to be able to fish

or to wrench attack you by kidnapping you and demanding your keys. Nobody wants the world to know that they are privately self-custody in crypto and then to have all of their information. So this is a massive expansion of what was already a terrible data breach. And finally, we have our favorite segment, how not to invest it.

The financial Crimes enforcement network right here, Finsen identifies nearly 13 billion linked to suspected digital asset scams operated by overseas scam centers. These are those fishing people we’re talking about. They identified victims across all 50 states and several US territories. I’ve told you about this before, these are the pig butchering scams that we’ve talked about in the past where criminals pose as romantic partners, friends or business contacts before directing victims towards fake investment websites and apps. So here’s a little hint.

If your new romantic partner refuses to video call you, but has a proprietary crypto platform, you’re not early. You are the exit liquidity. and you are getting scammed. Do not send people your crypto, especially people who are catfishing you on the internet. This is a global operation for tens of billions of dollars. That is how not to invest. And that is the show for today. I can’t wait to see where crypto markets are on Monday. Oh,

I lied on Tuesday. Monday is labor day. Enjoy your laboring and I will see you all on Tuesday. Peace.

Source: finance.yahoo.com