Bitcoin ETFs End Nine-Day Inflow Streak as Ethereum Funds Stay Strong
U.S. spot Bitcoin ETFs recorded $201.9 million in outflows on August 28, breaking a nine-day run of inflows, while Ethereum funds extended their own winning streak.
Spot Bitcoin exchange-traded funds shed $201.9 million on August 28, according to data cited in the piece, ending a run of inflows that had persisted for nine consecutive days. The reversal came after a particularly strong stretch: over the preceding eight days, Bitcoin ETFs had taken in $2.8 billion as the asset tested $80,000, with daily inflows frequently exceeding $300 million and peaking above $600 million on August 20. That August 20 figure marked the largest single day of inflows since May. Despite this pullback, cumulative net inflows for spot Bitcoin ETFs remain around $55.1 billion.
Ethereum ETFs showed greater resilience. The piece reports that Ethereum funds took in $102.1 million on the same day, extending a ten-day streak of inflows and bringing their cumulative total to approximately $12.9 billion.
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