Intracortical brain computer interfaces (iBCIs) utilizing extracellular recordings mainly employ in vivo signal processing application-specific integrated circuits (ASICs) to detect action potentials (spikes). Conventionally, "brain-switches" based on spiking activity have been employed to realize asynchronous (self-paced) iBCIs, estimating when the user involves in the underlying BCI task. Several studies have demonstrated that local field potentials (LFPs) can effectively replace action potentials, drastically reducing the power consumption and processing requirements of in vivo ASICs. This article presents the first LFP-based brain-switch design and implementation using gated recurrent neural networks (RNNs). Compared to the previously reported brain-switches, our design requires no exhaustive learning phase for the estimation of optimal recording channels or frequency band selection, making it more applicable to practical asynchronous iBCIs. The synthesized ASIC of the designed in vivo LFP-based feature extraction unit, in a standard 180-nm CMOS process, occupies only 0.09 mm2 of silicon area, and the post place-and-route synthesis results indicate that it consumes 91.87 nW of power while operating at 2 kHz. Compared to the previously published ASICs, the proposed LFP-based brain-switch consumes the least power for in vivo digital signal processing and achieves comparable state estimation performance to that of spike-based brain-switches.