---
title: "Weekly Recap | BITO.US +0.38%, closing in on record highs"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/297392179.md"
description: "BITO closed the week at $10.45, up 0.38% from the prior Friday’s close of $10.41. The S&P 500 gained 0.49% over the same span, leaving BITO about 0.11 percentage points behind. The fund traded choppily: Monday opened at $10.67, touched $10.80 and closed at $10.63; Tuesday and Wednesday eased to $10.66 and $10.58; Thursday hit a weekly high of $10.91 and settled at $10.78; Friday opened at $10.67, slid to a weekly low of $10.36, then closed at $10.45. Weekly amplitude came to 5.15%."
datetime: "2026-08-29T06:56:49.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/297392179.md)
  - [en](https://longbridge.com/en/news/297392179.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/297392179.md)
generator: "portal-rs"
---

# Weekly Recap | BITO.US +0.38%, closing in on record highs

## The Week

BITO closed the week at $10.45, up 0.38% from the prior Friday’s close of $10.41. The S&P 500 gained 0.49% over the same span, leaving BITO about 0.11 percentage points behind. The fund traded choppily: Monday opened at $10.67, touched $10.80 and closed at $10.63; Tuesday and Wednesday eased to $10.66 and $10.58; Thursday hit a weekly high of $10.91 and settled at $10.78; Friday opened at $10.67, slid to a weekly low of $10.36, then closed at $10.45. Weekly amplitude came to 5.15%. Daily turnover averaged 94.75m shares, roughly half the 60-day median, suggesting thinner participation.

## Sector News

Crypto-adjacent news was dense this week, and bitcoin moved higher before pulling back. On Monday, reports showed US spot bitcoin ETFs logged their largest weekly inflows in ten months, while bitcoin closed above its 50-week EMA for the first time since 2025, breaking a bear-market trend line. On Tuesday, Strategy said its bitcoin position had swung from a loss to a $4.7bn gain as the coin rallied. On Wednesday, Charles Schwab announced it would expand its crypto offering, adding Solana, Avalanche and Chainlink. On Friday, bitcoin touched a three-month high near $80,000 ahead of Fed Chair Kevin Warsh’s speech, then fell back below $78,000; $6.4bn in bitcoin options expired the same day with max pain at $68,000. ProShares Trust also filed a routine quarterly 24F-2NT on Friday.

## The Week Ahead

The macro calendar is crowded. Monday brings the Dallas Fed manufacturing business activity index, previously 1.3. Tuesday has the S&P Global manufacturing PMI final, ISM manufacturing PMI and JOLTS job openings; ISM is seen at 55.2 versus 55.6 prior, while JOLTS openings are expected at 7.3m against 7.359m prior. Wednesday brings ADP private payrolls and factory orders, with ADP forecast at 47 versus 44 prior. After the options expiry and Warsh’s remarks, the immediate question is whether bitcoin can hold above $78,000.

## In Short

BITO posted a modest weekly gain and ended near record territory, but Friday’s fade against thin volume creates a tension: there is room to run on the chart, yet follow-through buying looks limited. Sector headlines mostly point to rising institutional participation, while bitcoin repeatedly stalled near $80,000; the latest session’s fund-flow snapshot shows large-lot money leaning slightly to the sell side. What comes next depends on how ISM manufacturing and jobs data shape the dollar and risk appetite, and whether bitcoin can reclaim $80,000.

*This article is generated by LongbridgeAI from market data, for information only and not investment advice.*

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**