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Bitcoin ETFs Suffer $200M Net Outflow as Ether Continues Strong Inflows

Guavy AI Editorial Team
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BTC
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U.S. spot Bitcoin ETFs experienced a significant reversal of fortune on August 28, ending their nine-day buying streak with a net outflow of $202 million.

This came after a remarkable inflow period that saw over $3 billion pour into these funds in just nine days.

In contrast, Ether ETFs continued to attract investor interest, adding $102 million and extending their own buying streak to ten days.

Bitcoin's price dipped slightly from $80,261 to around $77,500, which some analysts attributed to profit-taking rather than panic selling.

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