Bitcoin ETFs Bleed $167M as PPI Surges, Treasury Yields Hit 4.85%, Nasdaq Invests $100M in Kraken

Welcome to Stock Market Today — your market briefing with actionable insights on stocks, bonds, crypto, and the events moving markets. Let's get into it. Risk assets are under pressure Wednesday as wholesale inflation data comes in hot and Treasury yields spike to levels not seen since October twenty twenty-three. The Producer Price Index jumped zero point four percent month-over-month in August, pushing annual wholesale inflation to five point four percent. Ten-year Treasury yields climbed to four point eight five six percent. Bitcoin is consolidating near seventy-six thousand eight hundred sixty-nine dollars. Ethereum is trading around twenty-four hundred thirteen dollars. Spot Bitcoin ETFs saw two consecutive days of heavy outflows totaling one hundred sixty-seven million dollars. A R K B led Wednesday's exodus with seventy-eight million in redemptions, followed by Grayscale's G B T C at twenty-seven million and BlackRock's I B I T at nineteen point five million. On the regulatory front, Treasury Secretary Bessent is pushing hard for the Clarity Act ahead of the Senate's return Monday. Coinbase CEO Brian Armstrong told C N B C crypto wins regardless of the vote outcome — if it passes, the industry gets legislation; if it fails, the S E C and C F T C are prepared to issue rulemaking immediately. Institutional infrastructure continues building. Nasdaq just invested one hundred million dollars in Payward, Kraken's parent company, at a twenty-one billion dollar valuation. The deal expands their partnership to distribute tokenized Nasdaq-listed stocks on Kraken's platform with full voting rights. Macro headwinds are intensifying. Brent crude is trading above one hundred one dollars per barrel. All eyes turn to Friday's Consumer Price Index report. CME FedWatch data now shows over sixty percent probability of a rate hike at the next Fed meeting. Bottom line for traders: inflation is reaccelerating, yields are climbing, and crypto is catching a bid on regulatory clarity hopes. The seventy-six thousand dollar level on Bitcoin is critical support ahead of Friday's C P I. That wraps your market intel — trade smart out there. For deeper insights and real-time analysis, visit capitalcopilot dot i o.