flow

On August 28, the U.S. spot Bitcoin ETF recorded a net outflow of $201.9 million, ending a nine-day streak of net inflows since mid-August. According to SoSoValue data, this reversal reduced the cumulative net inflow to approximately $55.1 billion, with total net assets of about $93.9 billion. Decrypt's ETF flow tracker turned the Bitcoin sentiment reading to "bearish" on that day.The previous strong performance was particularly remarkable: the Bitcoin ETF had accumulated inflows of $2.8 billion during an eight-day rally, during which Bitcoin briefly tested the $80,000 mark and recorded the largest single-day inflow since May, with a peak single-day inflow exceeding $600 million on August 20. In contrast, the Ethereum ETF showed no signs of weakness, with a net inflow of $102.1 million on August 28, extending its streak of inflows to ten days, with a cumulative net inflow of approximately $12.9 billion and total net assets of about $13.8 billion.As the flow of funds diverged, Bitcoin fell back due to hawkish remarks from Federal Reserve Chairman Kevin Warsh at Jackson Hole, after a rally that had pushed prices close to $80,000. Over the weekend, Bitcoin rebounded to around $79,000. Analysts pointed out that the single-day outflow relative to the fund's cumulative size remains moderate, and the interruption of the rally may not necessarily indicate a widespread reversal in institutional demand.

The Independent Community Bankers of America (ICBA), representing about 5,000 community banks in the United States, is opposing the Clarity for Digital Assets Act (CLARITY Act). ICBA Chair and CEO Rebeca Romero Rainey stated that the "loopholes" related to stablecoin rewards must be completely closed, with no compromise solutions. The ICBA claims that stablecoins could lead to $1.3 trillion in deposits leaving the banking system and reduce local lending by $850 billion.The association has prompted Republican Senators Josh Hawley and Jerry Moran to oppose the current version of the bill. Rebeca Romero Rainey indicated that there are no signs that cryptocurrencies will replace these deposits and reinvest them into local communities. She also criticized the report titled "Impact of the Stablecoin Yield Ban on Bank Lending" released by the White House Council of Economic Advisers (CEA) for downplaying banks' concerns about deposit outflows. The Senate plans to vote on the CLARITY Act on September 15; if it cannot secure support from at least 60 senators, the bill will not proceed to further consideration and may halt progress for the foreseeable future.

CryptoQuant analyst Darkfost stated that the inflow of Bitcoin to exchanges has surged sharply in the past 7 days, peaking as BTC attempted to break through the $80,000 mark. Binance led with an average daily inflow of 10,700 BTC, followed by Coinbase Advanced with an average of 7,100 BTC, and both Kraken and OKX exceeding 2,000 BTC.He pointed out that $80,000 represents the average cost basis for all capital invested in BTC and is a critical breakeven point, where many investors choose to lock in small profits or stop losses. As the BTC price pulls back, selling pressure is weakening, and if the selling pressure continues to ease, Bitcoin may soon test this resistance level again.

According to CoinDesk, six Bitcoin wallets that were active from 2011 to 2014 and had not moved since transferred a total of 553.59 BTC, worth about $40 million, between August 16 and 26. Five of the wallets sent Bitcoin to addresses with no known exchange associations, while one wallet transferred 40 BTC to the German crypto custody and trading service provider Boerse Stuttgart Digital. Additionally, two of these wallets are linked to a lawsuit in New York, where the pseudonymous plaintiff Noah Doe is seeking control over Bitcoin held in 39,069 dormant addresses under the state's lost property law. Data from Galaxy Research shows that the on-chain movement of dormant Bitcoin fell to its lowest level since 2022 in the second quarter, with the total movement expected to be less than half of last year's for the entire year of 2026. Galaxy Research director Alex Thorn stated that none of the many whale clients he interacts with cited quantum computing risk as a reason to sell, but some institutional investors are indeed avoiding buying Bitcoin for this reason. Following the disclosure of a vulnerability in the Coldcard hardware wallet, approximately 210,000 BTC left long-term holder wallets within a week.

According to SoSoValue data, the total net inflow of Ethereum spot ETFs is $102 million. The Ethereum spot ETF with the highest net inflow in a single day is the Blackrock ETF ETHA, with a single-day net inflow of $83.7915 million, and the historical total net inflow of ETHA has reached $12.737 billion. The second is the Blackrock Staked ETH ETF ETHB, with a single-day net inflow of $42.6441 million, and the historical total net inflow of ETHB has reached $694 million.The Ethereum spot ETF with the highest net outflow in a single day is the Fidelity ETF FETH, with a single-day net outflow of $24.2573 million, and the historical total net inflow of FETH has reached $2.272 billion. As of the time of writing, the total net asset value of Ethereum spot ETFs is $15.233 billion, and the ETF net asset ratio (the market value compared to the total market value of Ethereum) is 5.2%, with a historical cumulative net inflow of $12.975 billion.

According to SoSoValue data, yesterday (Eastern Time August 28), the total net outflow of Bitcoin spot ETFs was $202 million. The Bitcoin spot ETF with the highest net inflow yesterday was the Morgan Stanley ETF MSBT, with a net inflow of $9.3385 million. Currently, the historical total net inflow of MSBT has reached $490 million.The Bitcoin spot ETF with the highest net outflow yesterday was the Ark Invest and 21Shares ETF ARKB, with a net outflow of $115 million. Currently, the historical total net inflow of ARKB has reached $1.319 billion. As of the time of writing, the total net asset value of Bitcoin spot ETFs is $97.593 billion, and the ETF net asset ratio (the market value compared to the total market value of Bitcoin) is 6.28%. The historical cumulative net inflow has reached $54.631 billion.

According to SoSoValue data, yesterday (Eastern Time August 28), the total net inflow of XRP spot ETFs was $26.1964 million.The XRP spot ETF with the highest net inflow yesterday was Bitwise XRP ETF (XRP), with a net inflow of $15.3981 million, bringing its historical total net inflow to $603 million.Next was Canary XRP ETF (XRPC), with a net inflow of $5.1198 million, bringing its historical total net inflow to $483 million.As of the time of publication, the total net asset value of XRP spot ETFs was $1.439 billion, with an XRP net asset ratio of 1.66%, and the historical cumulative net inflow has reached $1.663 billion.

According to SoSoValue data, yesterday (Eastern Time August 28) the total net inflow of the SOL spot ETF was $18.0813 million.The SOL spot ETF with the highest net inflow yesterday was the Bitwise Solana Staking ETF (BSOL), with a net inflow of $11.1966 million for the day, bringing its historical total net inflow to $1.022 billion.Next was the Grayscale Solana Trust (GSOL), with a net inflow of $3.5268 million for the day, bringing its historical total net inflow to $131 million.As of the time of writing, the total net asset value of the SOL spot ETFs is $1.426 billion, with a SOL net asset ratio of 2.35%, and the historical cumulative net inflow has reached $1.340 billion.

According to SoSoValue data, yesterday (Eastern Time August 28), the HYPE spot ETF had a total net inflow of $4.4799 million in a single day. Yesterday, only the Bitwise Hyperliquid ETF (BHYP) had a net inflow, with a single-day net inflow of $4.4799 million, and the historical total net inflow has reached $154 million.As of the time of writing, the total net asset value of the HYPE spot ETF is $439 million, with a HYPE net asset ratio of 2.47%, and the historical cumulative net inflow has reached $344 million.

The US spot Ethereum ETF recorded a net inflow of $225.8 million on Thursday, marking the strongest single-day performance in 10 months and extending the streak of consecutive net inflows to 9 trading days. Data from Farside Investors shows that since August 17, a total of $1.42 billion has flowed in over 9 trading days, with BlackRock's ETHA fund contributing $1.02 billion, accounting for 72% of the total inflows in this category, and there has not been a single day of net selling during this period.Fidelity's FETH became the second largest inflow source with $56 million, while BlackRock's staked Ethereum product ETHB added $20.7 million on the same day. The gap between Ethereum ETFs and Bitcoin ETFs has narrowed to nearly even, with Bitcoin ETFs seeing inflows of $242.3 million on Thursday, just $16.5 million more than Ethereum. Ethereum was priced at approximately $2,477 on Friday, down 0.5% in 24 hours, with a weekly increase of about 5%.Max Shannon, Senior Research Assistant at Bitwise Europe, stated that the funds primarily came from outside the crypto space, with inflows of $713.6 million this week, possibly driven by an increase in risk appetite in traditional markets. He also pointed out that Ethereum's spot trading volume has fallen back to the 16th percentile year-on-year, and if the market is to maintain its upward momentum, spot trading volume needs to recover.

According to Coinglass data, Binance had a net outflow of 30,387,500 USDT in the past hour.

According to SoSoValue data, yesterday (Eastern Time August 27), the total net inflow of Bitcoin spot ETFs was $242 million. The Bitcoin spot ETF with the highest single-day net inflow yesterday was the Blackrock ETF IBIT, with a single-day net inflow of $278 million, bringing the historical total net inflow of IBIT to $63.398 billion.Next was the Ark Invest and 21Shares ETF ARKB, with a single-day net inflow of $29.748 million, and the historical total net inflow of ARKB currently stands at $1.434 billion. The Bitcoin spot ETF with the highest single-day net outflow yesterday was the Fidelity ETF FBTC, with a single-day net outflow of $83.628 million, and the historical total net inflow of FBTC currently stands at $10.238 billion.As of the time of writing, the total net asset value of Bitcoin spot ETFs is $100.927 billion, with an ETF net asset ratio (market value compared to total Bitcoin market value) of 6.28%, and the historical cumulative net inflow has reached $54.832 billion.

According to SoSoValue data, yesterday (Eastern Time August 27), the total net inflow of Ethereum spot ETFs was $235 million. The Ethereum spot ETF with the highest net inflow yesterday was Blackrock ETF ETHA, with a net inflow of $130 million. Currently, the historical total net inflow of ETHA has reached $12.653 billion.Following that is Fidelity ETF FETH, with a net inflow of $56.2337 million yesterday. Currently, the historical total net inflow of FETH has reached $2.296 billion. As of the time of writing, the total net asset value of Ethereum spot ETFs is $15.569 billion, and the ETF net asset ratio (the market value compared to the total market value of Ethereum) is 5.14%. The historical cumulative net inflow has reached $12.872 billion.

According to GMGN data, the top 5 tokens with net inflow in the past 24 hours are as follows:POKEMON (EhCz....ump): Net inflow of $6,000, with a 24-hour increase of 5595.8%, currently priced at $0.0002.QUALITY (FqEy....ump): Net inflow of $4,000, with a 24-hour increase of 6982%, currently priced at $0.0002.KURO (5Cwp....ump): Net inflow of $2,000, with a 24-hour increase of 5237.4%, currently priced at $0.0002.moonkey (BRZ5....ump): Net inflow of $2,000, with a 24-hour increase of 12718.1%, currently priced at $0.0004.VI (35zA....ump): Net inflow of $1,000, with a 24-hour increase of 1660.9%, currently priced at $0.0001.

According to SoSoValue data, yesterday (Eastern Time August 27), the total net inflow of XRP spot ETF was $18.4706 million. The XRP spot ETF with the highest net inflow yesterday was Bitwise XRP ETF (XRP), with a net inflow of $12.1648 million, and the total historical net inflow has reached $587 million.The second was Franklin XRP ETF (XRPZ), with a net inflow of $6.3058 million yesterday, and the total historical net inflow has reached $460 million. As of the time of writing, the total net asset value of XRP spot ETFs is $1.489 billion, with an XRP net asset ratio of 1.63%, and the historical cumulative net inflow has reached $1.637 billion.

According to SoSoValue data, yesterday (Eastern Time August 27), the HYPE spot ETF had a total net inflow of $24.421 million.The HYPE spot ETF with the highest net inflow yesterday was the Bitwise Hyperliquid ETF (BHYP), with a net inflow of $23.2189 million, bringing its historical total net inflow to $149 million. The second was the Grayscale Hyperliquid Staking ETF (HYPG), with a net inflow of $1.2021 million, bringing its historical total net inflow to $137 million. As of the time of writing, the total net asset value of the HYPE spot ETF is $467 million, with a HYPE net asset ratio of 2.46%, and the historical cumulative net inflow has reached $340 million.

Bitwise CEO posted on the X platform, stating that approximately $100 million in funds flowed into Bitwise's ETPs in the United States. Among them, Solana accounted for about $40 million, Bitcoin about $22 million, Hyperliquid about $20 million, XRP about $12 million, and Ethereum about $1.4 million, ranking in the top five for fund inflows.Investors are increasing their exposure to crypto assets.

Bloomberg ETF analyst Eric Balchunas posted on the X platform that Fidelity is now selling customer order flow, overturning a previous decision that was contrary to many peers, generating an additional monthly income of $10 million.

The "Realized Cap Impulse" indicator for Bitcoin has recently ended a continuous 93-day negative state and has turned positive for the first time, marking the longest reversal signal after a capital contraction cycle since the bear market of 2022.This indicator measures the momentum of changes in the realized market capitalization by tracking the changes in realized cap, combined with factors of Bitcoin supply and price, to assess whether the flow of tokens with actual economic significance in the market is driving capital base expansion. The positive shift in the indicator does not merely reflect a price increase but indicates that the flow of funds within the Bitcoin network is changing.Data shows that the indicator broke above the zero axis on August 20 when the BTC price was around $73,000 and has maintained positive values for 8 consecutive days. Currently, the BTC price has risen to about $78,900, an increase of approximately 8% during this period.As of the latest, the indicator reading is 0.198, below the peak of 0.226 reached on August 26. Historical data indicates that similar signals at the end of bear markets have been accompanied by significant rebounds in Bitcoin: after the indicator turned positive in September 2015, Bitcoin rose about 160% within a year; after March 2019, it increased about 173% in 90 days; and after January 2023, it rose about 45% in 90 days, with a yearly increase of 104%.However, the realized cap momentum indicator is not an absolute signal of a cycle bottom. Similar positive shifts occurred in early 2018 and 2022, but the market did not immediately enter a sustained upward phase afterward. Analysts believe that the indicator's continued positive value, confirmed by price trends, is more valuable than a single-day breakthrough above the zero axis.