Bitcoin ETFs end nine-day inflow streak as Ethereum funds extend run

U.S. spot Bitcoin ETFs recorded $201.9 million in net outflows on Aug. 28, according to SoSoValue. The outflows ended nine consecutive days of inflows that had continued since mid-August. Bitcoin ETF cumulative net inflows fell to about $55.1 billion. The funds held roughly $93.9 billion in total net assets. Bitcoin ETFs had attracted $2.8 billion during the preceding eight-day inflow streak. Daily inflows repeatedly topped $300 million during that streak. Inflows peaked above $600 million on Aug. 20. Ethereum ETFs received $102.1 million on Aug. 28, according to SoSoValue. The inflows extended Ethereum ETFs' streak to 10 days. Ethereum ETF cumulative net inflows reached about $12.9 billion. The funds held $13.8 billion in total net assets. Decrypt's tracker showed a bearish Bitcoin reading and a bullish Ethereum reading on the day. Bitcoin slipped after Federal Reserve Chair Kevin Warsh made hawkish remarks at Jackson Hole. Bitcoin later recovered to around $79,000 over the weekend.