According to a report from Lookonchain on August 7th, ten Bitcoin ETFs saw a net inflow of 607 BTC (approximately $70.72 million) today. iShares (Blackrock) saw a net inflow of 363 BTC, currently holding 738,171 BTC (approximately $86.05 billion). Nine Ethereum ETFs saw a net inflow of 4,116 ETH (approximately $15.87 million), with iShares seeing a net inflow of 9,077 ETH, currently holding 2,960,973 ETH (approximately $11.41 billion).


Lawmakers in the US House of Representatives and Senate met with cryptocurrency industry leaders in three separate roundtable events this week. Members of the US Congress met with key figures in the cryptocurrency industry to discuss issues and potential laws related to the establishment of a strategic Bitcoin reserve and a market structure.On Tuesday, a group of lawmakers that included Alaska Representative Nick Begich and Ohio Senator Bernie Moreno met with Strategy co-founder Michael Saylor and others in a roundtable event regarding the BITCOIN Act, a bill to establish a strategic Bitcoin (BTC) reserve. The discussion was hosted by the advocacy organization Digital Chamber and its affiliates, the Digital Power Network and Bitcoin Treasury Council.“Legislators and the executives at yesterday’s roundtable agree, there is a need [for] a Strategic Bitcoin Reserve law to ensure its longevity for America’s financial future,” Hailey Miller, director of government affairs and public policy at Digital Power Network, told Cointelegraph. “Most attendees are looking for next steps, which may mean including the SBR within the broader policy frameworks already advancing.“Read more
