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first_img Bitcoin spot ETFs ended nine days of net inflows, while Ethereum ETFs continued their inflow momentum

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.

first_img The net inflow of the US spot Ethereum ETF reached $225.8 million in a single day, setting a new 10-month high

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.
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