Bitcoin ETFs End Nine-Day Inflow Streak While Ethereum Funds Continue to Attract Cash
U.S. spot Bitcoin exchange-traded funds (ETFs) experienced a net outflow of $201.9 million on August 28, ending their nine-day streak of inflows that had started in mid-August. This brought cumulative net inflows for the ETFs to approximately $55.1 billion with total assets under management at around $93.9 billion. In contrast, Ethereum ETFs continued a strong performance by recording an inflow of $102.1 million on the same day, extending their consecutive positive flow streak to 10 days. This pushed cumulative net inflows for Ethereum funds to about $12.9 billion against total assets under management of roughly $13.8 billion. The shift in Bitcoin ETF flows coincided with a slight dip in Bitcoin's price following hawkish comments from Federal Reserve Chair Kevin Warsh at Jackson Hole, although the cryptocurrency later recovered over the weekend.
Topics: Bitcoin ETFs Ethereum investor sentiment