August 29, 17:40
Bitcoin ETF inflows snap after $3 billion streak as ETH, XRP, Solana buy
Bitcoin ETF inflows snap after $3 billion streak as ETH, XRP and Solana keep buying
CryptoSlate

US-listed Bitcoin ETFs lost $201.9 million Friday, ending a nine-day inflow streak. The streak had absorbed $3.0442 billion. Ethereum ETFs attracted $102.1 million. XRP ETFs attracted approximately $26 million. Solana ETFs attracted $17.3 million. Bitcoin fell about 3.2% to $77,696 on Aug. 28. Fund-level data does not identify individual buyers, so the figures do not establish a direct rotation from Bitcoin into other assets. Bitcoin ETFs recorded about $924.5 million of net inflows across the five sessions through Aug. 28. ARK 21Shares' ARKB led withdrawals with $114.9 million, according to Farside Investors data. Bitwise's BITB lost $49.7 million. BlackRock's IBIT lost $33.4 million. VanEck's HODL lost $13.2 million. Morgan Stanley's Bitcoin Trust recorded a $9.3 million inflow. Ecoinometrics described the nine-session run as the largest uninterrupted ETF buying run of the current bear market. Ecoinometrics said cumulative demand had reached roughly the scale seen around Bitcoin's 2025 all-time high. Bitcoin's reported trading volume rose to roughly $39.47 billion from $34.03 billion. US Bitcoin ETFs have attracted about $54.6 billion since launch. The funds manage roughly $97 billion in assets. Ethereum ETFs extended their inflow streak to 10 sessions and more than $1.5 billion. Ethereum products have attracted about $12.97 billion since launch and manage roughly $15.2 billion. XRP ETFs extended their inflow streak to nine sessions and around $150 million. XRP products have attracted roughly $1.6 billion since launch and manage near $1.4 billion. Solana ETFs extended their inflow streak to nine days and about $200 million. Solana products have attracted roughly $1.2 billion since launch and manage about $1.43 billion. Continued Bitcoin redemptions with positive Ethereum, XRP and Solana flows would indicate that crypto demand is becoming less concentrated in Bitcoin.
This content is an AI-generated summary/analysis for informational purposes only and does not constitute investment advice.