Bitcoin ETFs Snap Streak as Ethereum Continues to Attract

U.S. spot Bitcoin ETFs experienced their first net outflow in nine days on August 28, shedding $201.9 million after a strong run of consecutive inflows since mid-August.

The reversal trimmed cumulative net inflows to about $55.1 billion, with the funds now holding roughly $93.9 billion in total net assets.

This pullback follows an eight-day streak where Bitcoin ETFs drew $2.8 billion as Bitcoin tested $80,000 and earlier notched their biggest single-day haul since May.

During this period, daily inflows repeatedly topped $300 million, peaking above $600 million on August 20.

In contrast, Ethereum ETFs showed no fatigue, taking in $102.1 million to extend a 10-day streak and lift cumulative inflows to about $12.9 billion.