Today’s crypto market is marked by significant capital movements and strategic expansions. Spot Bitcoin ETFs saw a combined daily net outflow of $295.98 million, led by BlackRock’s IBIT. Meanwhile, Aave is building an institutional real-world asset (RWA) hub on Avalanche, and Strategy has deployed nearly $1 billion to repurchase its preferred stock. Ripple also unveiled new AI payment capabilities, and Zcash surged 15% amid regulatory uncertainty.
Bitcoin ETFs Record $295.98 Million in Outflows
According to SoSoValue, Bitcoin spot ETFs experienced a net outflow of $295.98 million yesterday. BlackRock’s IBIT led the outflows with $144.11 million leaving the fund, while Morgan Stanley’s MSBT was the top gainer, attracting $3.47 million in net inflows. The total net asset value of all Bitcoin spot ETFs stands at $95.19 billion, with the historical cumulative net inflow reaching $54.57 billion.
Aave Plans RWA Hub on Avalanche for Institutional Borrowing
Aave is set to deploy a real-world asset hub on the Avalanche network, targeting institutional borrowers. Through this infrastructure, approved entities can use tokenized financial instruments as collateral to access digital fiat liquidity, enabling direct loans without liquidating underlying on-chain holdings. The initiative will run on Aave V4 and uses a Hub and Spoke architecture to partition credit markets into independent modules.
Strategy Spends $950 Million on STRC Buybacks
Strategy has been aggressively repurchasing its perpetual preferred stock (STRC) to push the price back toward the $100 par value. Between July 20 and September 13, the company bought back 9.96 million STRC shares, spending approximately $950 million—about 18% of trading volume during that period. Funding came from MSTR common stock sales ($765 million) and Bitcoin disposals ($161 million). STRC has rebounded from around $70 to nearly $99, and analysts note that reaching par value will allow Strategy to more effectively reissue the security and raise funds for Bitcoin purchases.
Ripple Expands AI Payment Capabilities with MPP
Ripple announced the XRPL AI Starter Kit 1.1, adding support for the Machine Payment Protocol (MPP) and an open wallet standard developed by Stripe and payment chain Tempo. This enables AI agents to pay for online services—such as data and computing power—using XRP, RLUSD, and other tokens. Jazzi Cooper, RippleX product lead, said the goal is to make XRP and RLUSD the preferred payment options for developers. MPP allows service providers to quote prices, agents to authorize payments, and providers to deliver resources upon authorization.
Zcash Jumps 15% as Privacy Coins Gain Traction
Zcash (ZEC) is trading at $1,330, up 15% in the last 24 hours. The surge is linked to the stalled CLARITY Act, which leaves US crypto market structure rules in limbo, driving traders toward privacy-focused coins that don’t rely on regulatory clarity. Paradigm co-founder Matt Huang publicly disclosed his firm’s ZEC position, calling Zcash “a private complement to Bitcoin.” Additionally, Zcash holders have backed proposals for faster transactions and bitcoin-style halving schedules, signaling strong community governance.
Key Takeaways
- Bitcoin spot ETFs saw a daily net outflow of $295.98 million.
- Aave plans an institutional RWA hub on Avalanche using Aave V4.
- Strategy spent $950 million on STRC buybacks to restore its Bitcoin financing capability.
- Ripple’s new toolkit enables AI agents to pay for services with XRP and RLUSD.
- Zcash rose 15% to $1,330 amid regulatory uncertainty and governance momentum.







