ETF Inflows Surge Amid Market Uncertainty

Bitcoin ETFs saw another impressive week, attracting over $900 million in net inflows. However, this trend was disrupted on Friday after Kevin Warsh's hawkish speech at Jackson Hole.

The spot Bitcoin exchange-traded funds have been experiencing a surge since the US Treasury Department's pivot in its monetary policy, which led to a significant increase in the crypto market. This week's net inflows pushed the cumulative total to $54.63 billion from under $52.8 billion on August 14.

Ethereum ETFs, on the other hand, continued their impressive streak with over $824 million in net inflows for the week. The funds have not seen a single red day since August 11 and have attracted nearly $13 billion in cumulative total net inflows.