ETF Outflows and Inflows: Bitcoin and Ethereum's Latest Trade

Bitcoin ETFs recorded significant outflows on August 31, with a net loss of 2,689 BTC worth $209.79 million over a one-day period. The seven-day net flow remained positive, however, at 11,724 BTC or $914.72 million.

Ethereum ETFs showed a different trend, with one-day inflows of 31,399 ETH valued at $76.99 million and seven-day inflows of 302,035 ETH or $740.57 million.

The price action on the four-hour chart shows Bitcoin trading at $78,586.2 within the Bollinger Bands. The upper resistance is at $79,735.25, while the lower support is at $76,869.77.