CoinShares says BTC may gain from U.S. debt concerns
Image: Crypto.newsCoinShares said Bitcoin could benefit from concerns over U.S. government debt. It reported digital asset fund inflows slowed after $11.1 billion since mid-July 2026. It cited a 10-year Treasury yield above 5.3% and long-term borrowing costs near two-decade highs. October rate hike odds fell to 23% from 71% three weeks earlier, CoinShares said. Bitcoin.com reported U.S. spot bitcoin ETFs drew $241.08 million in weekly inflows through Oct. 2, then $244.13 million in outflows on Thursday. Bitcoin fell below $81,000 on Oct. 7 and traded at $82,958 on Oct. 9.
Key points
- CoinShares said BTC could benefit from concerns over U.S. government debt and fiscal sustainability.
- CoinShares reported digital asset fund inflows slowed after attracting $11.1 billion since mid-July.
- CoinShares reported October rate hike odds fell to 23% from 71% three weeks earlier.
- CoinShares said the reason behind rising bond yields could determine how BTC performs.
Why it matters
CoinShares links Bitcoin's performance to U.S. fiscal concerns and bond yields rather than only Fed policy. Fund inflows have slowed, and Bitcoin.com reported ETF outflows and BTC trading below $81,000 earlier in October.
What's unclear
CoinShares says the cause of rising Treasury yields will shape Bitcoin's performance, but that cause is not established.
The reports give different exact Treasury yield readings and dates, so the precise level and timing are unclear.
Price context · BTC
At publication
$82,813.00
Now
$82,591.00
Change since
−0.27%
7 days · dashed line = publication
Sources · 2 publishers
Bitcoin.com News
Tier 2
Bitcoin Price Breakout May Hinge on US Debt Fears: Coinshares
Coverage timeline
- First reported by Crypto.news
- Confirmed by Bitcoin.com News
- CryptoVideos brief published
How this brief was made. Our system found this event in 2 independent publications, summarised two complete reports with AI and checked every number above against the source text. Sources are linked in full. Not financial advice. Report an error
