Over $900M Pours Into Bitcoin ETFs While Ethereum Funds Extend Impressive Streak
The spot Bitcoin exchange-traded funds recorded one other extremely spectacular week, attracting over $900 million, however Friday modified the panorama after Kevin Warsh’s hawkish speech at Jackson Hole.
Meanwhile, the funds monitoring the most important altcoin proceed to see solely inexperienced, and their precise inflows are fairly near these of their BTC counterparts.
BTC ETFs Gain Over $900M Weekly
CryptoPotato reported the numerous change in investor habits relating to the spot Bitcoin ETFs as they poured in practically $2 billion, the best because the October 2025 crash. This got here after the US Treasury Department’s pivot in its financial coverage, which resulted in a considerable uptick in the whole crypto market.
The pattern prolonged throughout the brand new enterprise week as BTC’s value challenged the $80,000 resistance on a few events. Investors inserted $337.56 million on Monday, one other $314.37 million on Tuesday, $232.12 million on Wednesday, and $242.24 million on Thursday. Thus, the BTC ETFs noticed 9 consecutive days of internet inflows solely.
However, the streak was snapped on Friday, maybe because of the hawkish stance taken by the brand new Federal Reserve Chairman, Kevin Warsh. Net outflows dominated, with $201.81 million leaving the funds.
Nevertheless, the week nonetheless ended properly within the inexperienced, with $924.48 million in internet inflows. The funds have attracted virtually $3 billion up to now two weeks alone. The cumulative whole internet inflows have risen from beneath $52.8 billion on August 14 to $54.63 billion on August 28.
ETH ETFs Keep Seeing Green
Unlike the spot Bitcoin ETFs, which ended Friday within the crimson, the Ethereum counterparts attracted simply over $102 million on that day, which prolonged their spectacular streak. The funds haven’t seen a single crimson day since August 11. Overall, the week ended with greater than $824 million in internet inflows.
Thursday was probably the most notable day, with $234.51 million getting into the ETFs. Another $192.35 million went in on Wednesday, $179.80 million on Thursday, and $115.57 million on Friday. The cumulative whole internet inflows are up from $11.44 billion on August 11 to almost $13 billion on August 28.
The underlying asset’s value rocketed from $1,900 to over $2,500 inside the identical timeframe, the place it was finally stopped and now sits inches beneath it.
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