Ethereum ETF Inflows Extend Streak Beyond Bitcoin

The Ethereum spot ETFs have been seeing steady inflows for 10 consecutive days, with $102.1 million in net inflows reported on August 28. This streak surpasses Bitcoin's nine-day run of inflows, which came to an end on the same day.

BTC funds posted a net outflow of $201.9 million, marking the reversal of their previous trend. The move coincided with hawkish remarks from Federal Reserve Chair Kevin Warsh at Jackson Hole, which cooled down Bitcoin's rally towards $80,000.

Ethereum ETFs continued to see inflows despite this broader market setting, leaving them moving in opposite directions from BTC funds. The cumulative net inflows for Ethereum spot ETFs stand at around $12.9 billion, while their total net assets amount to approximately $13.8 billion.