Bitcoin ETFs Defy Altcoin Inflows Slump, Pull in $986.9 Million

Bitcoin exchange-traded funds (ETFs) continued to attract significant investments in the week ending September 4, pulling in $986.9 million, according to SoSoValue data. This represents a 6.7% increase from the previous week's inflows.

In contrast, other major product groups saw their inflows decline significantly. Ethereum, Solana, and XRP products recorded declines of 73%, 96%, and 89%, respectively, after experiencing strong showings the week before.

The four altcoin funds gave back a significant portion of their gains from the previous week. Solana ETFs saw their inflows drop by 443% to $6.2 million, while XRP funds fell by 178% to $19 million. Hyperliquid funds also experienced a decline, taking in $12.3 million.

Notably, none of these products recorded net outflows during the week. The decrease in inflows suggests that buying activity slowed down rather than investors pulling capital out.