--- title: "Weekly Recap | IBIT.US -3.23%, underperforming the S&P 500" type: "News" locale: "en" url: "https://longbridge.com/en/news/298785022.md" description: "iShares Bitcoin Trust ETF (IBIT) fell 3.23% this week to close at $43.77, underperforming the S&P 500, which lost 0.8%, by roughly 2.43 percentage points. The four trading days showed a choppy pattern of early gains, a midweek drop, and a partial rebound on Friday. Tuesday opened lower and finished at $44.39, Wednesday touched $45.09 before settling at $44.29, Thursday gapped down to the week’s low of $43.42, and Friday rallied to a high of $45.22 before closing at $43.77." datetime: "2026-09-12T04:29:44.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/298785022.md) - [en](https://longbridge.com/en/news/298785022.md) - [zh-HK](https://longbridge.com/zh-HK/news/298785022.md) generator: "portal-rs" --- # Weekly Recap | IBIT.US -3.23%, underperforming the S&P 500 ## The Week iShares Bitcoin Trust ETF (IBIT) fell 3.23% this week to close at $43.77, underperforming the S&P 500, which lost 0.8%, by roughly 2.43 percentage points. The four trading days showed a choppy pattern of early gains, a midweek drop, and a partial rebound on Friday. Tuesday opened lower and finished at $44.39, Wednesday touched $45.09 before settling at $44.29, Thursday gapped down to the week’s low of $43.42, and Friday rallied to a high of $45.22 before closing at $43.77. Weekly amplitude was 4.06%. Average daily volume came to about 39.6m shares, about 3.3% below the 60-day median, suggesting light turnover. The weekly close still held above the 20-day moving average of $42.762, but remained below the 60-day range high of $46.37 set on 3 September. ## Sector News The Bitcoin ecosystem saw a busy but disruptive week. The standout event was a security breach at Liquid Network, where about 4,000 BTC worth roughly $320m was drained from the federation wallet; SlowMist later detailed that the attacker minted 3,998 L-BTC. Other incidents included a double-spend issue on the Nomic nBTC bridge and a security incident at Symbiosis that paused Bitcoin bridge routing. Institutional buying continued in parallel: Strive purchased 1,375 Bitcoin at $79,281 each between 31 August and 4 September, then added another 578 BTC through its SATA preferred stock vehicle; Cardone Capital bought 20 Bitcoin at $76,500 apiece. On the macro side, Friday’s US CPI held at 3.4%, and rate-hike odds rose to 62%. Germany signalled plans to tax Bitcoin like stocks. A 21Shares strategist said Bitcoin could strengthen in Q4 as ETF inflows rise, though that view is external. Spot Bitcoin briefly dipped below $77,000 before recovering after the inflation print, and IBIT’s NAV tracked that move. ## The Week Ahead Macro data picks up next week. Tuesday brings the New York Fed manufacturing index, with consensus at 14.75 versus a prior reading of 20.6. Wednesday is heavier, featuring retail sales, retail sales ex-autos, import prices, the NAHB housing market index, and EIA crude oil inventories. The headline retail sales print has a prior reading of -0.6 against a forecast of 0.9, while the control group is expected at 0.4 from -0.4. For IBIT, rate expectations and risk appetite are the more direct transmission channels. With rate-hike odds already at 62% after this week’s CPI, the retail and manufacturing data will shape the next repricing. Also worth watching are the follow-up to the Liquid Network exploit, the status of the Symbiosis bridge, and whether ETF inflows persist. ## In Short IBIT dropped 3.23% this week and lagged the S&P 500 by about 2.43 percentage points on light volume. The price rebounded on Friday but failed to reclaim its early-week highs. The sector presented a tension: institutional buyers such as Strive and Cardone kept accumulating Bitcoin, while a series of security incidents weighed on risk appetite, and post-CPI rate-hike expectations added to the pressure. The latest single-day capital snapshot showed large-lot money as a net buyer and medium-lot as a net seller, but that reflects only one session, not a weekly trend. The key question going forward is whether next week’s retail and manufacturing data reinforce the rate-sensitive backdrop, and whether ETF inflows can offset the drag from security-related sentiment. *This article is generated by LongbridgeAI from market data, for information only and not investment advice.* ### Related Stocks - [IBIT.US](https://longbridge.com/en/quote/IBIT.US.md) ## Related News & Research - [CryptoPawn Launches Protocol Integration Allowing Authorized AI Agents to Participate in Crypto-Backed Loan Transactions](https://longbridge.com/en/news/299659797.md) - [Better Buy Right Now: Bitcoin vs. Dogecoin](https://longbridge.com/en/news/299617894.md) - [Boyaa Interactive Boosts Bitcoin Holdings as It Pushes Into Web3 Gaming](https://longbridge.com/en/news/299638154.md) - [Twenty One Capital CEO Raphael Zagury to speak at Bitcoin Treasuries Conference 2026](https://longbridge.com/en/news/299662919.md) - [Olenox reports 16 bitcoin mined in August 2026](https://longbridge.com/en/news/299324586.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**