Overview of Key Overnight Developments on August 17

21:00-7:00 Keywords: GBTC, Bitfinex Pay, Spot Gold, Grayscale

1. GBTC had a net outflow of $72.9 million yesterday, and ETHE had a net outflow of $27.7 million;

2. Franklin Templeton submitted an S-1 application for a new crypto index ETF;

3. Spot gold reached a record high of $2506.24 per ounce;

4. The three major U.S. stock indices collectively closed higher, with most large tech stocks rising;

5. Hedge funds hold a total of $4.7 billion in spot Bitcoin ETFs as of Q2 2024;

6. Coinbase CEO: BTC is a counterbalance to excessive U.S. inflation;

7. Grayscale transferred 16,674 ETH to a Coinbase Prime address;

8. Trump appointed Tether custodian Cantor Fitzgerald CEO to lead his transition team.