Bitcoin ETF Outflow Stuns Markets as Ethereum Continues Its Winning Streak

Bitcoin ETFs experienced a significant outflow of approximately $201.9 million on August 28, marking the first daily outflow since mid-August.

This sudden change in trend came after nine consecutive days of inflows that accumulated more than $3 billion into U.S. spot Bitcoin funds.

The Bitcoin price was trading within a narrow range of $77,696 to $78,000 on the day of the outflow.

Ethereum ETFs, on the other hand, continued their winning streak, pulling in roughly $102.1 million and extending their consecutive inflow run to ten days.

The cumulative net inflows into Ethereum ETFs now approach $12.9 billion, with total net assets estimated around $13.8 billion.