Bitcoin Spot ETFs Reverse Course on August 28th Amid Price Cooling

Bitcoin spot exchange-traded funds (ETFs) reversed course on August 28th, posting net outflows of $219 million after a nine-session streak of inflows.

This follows a strong run where Bitcoin spot ETFs drew in $2.8 billion over eight sessions as Bitcoin prices tested the $80,000 level.

Ethereum spot ETFs, on the other hand, continued their net inflows, posting $102 million on August 28th and extending their streak to ten sessions.

The cumulative net inflows into Bitcoin spot ETFs fell to about $55.1 billion, with total net assets standing at around $93.9 billion.