September 03, 14:50
Bitcoin whipsaws around $77,000 as ETF flows reverse repeatedly
Bitcoin keeps whipsawing around $77,000, and ETF investors are doing the same
CryptoSlate

US spot Bitcoin ETFs returned to inflows Wednesday with $101.2 million. SoSoValue data shows that the funds lost $236.5 million a day earlier. The funds attracted $216.7 million on Aug. 31. The funds recorded $201.9 million in withdrawals on Aug. 28. Bitcoin closed around $80,268 on Aug. 27. Bitcoin fell to $77,821 the following day. Bitcoin recovered to $78,553 on Aug. 31. Bitcoin slipped back toward $77,300 by Sept. 2. Bitcoin ETFs attracted more than $3 billion in fresh capital over the past 30 days. BTC price rose 22% during this reporting period. Spot Ethereum ETFs recorded about $48 million in net outflows on Wednesday. The outflows ended 12 consecutive trading days of inflows. Those inflows totaled roughly $1.62 billion. Cumulative net inflows into Ethereum funds reached about $13.03 billion before Wednesday's reversal. XRP ETFs recorded $7.2 million in withdrawals after 11 straight sessions of inflows. Investors added roughly $170 million during that streak. Cumulative XRP ETF inflows reached about $1.68 billion. Solana funds recorded approximately $6 million in outflows. The outflows ended an 11-session inflow streak. Solana funds attracted about $193 million during that streak. Cumulative net inflows into Solana funds remain around $1.34 billion. Hyperliquid, BNB and several other altcoin ETF groups recorded zero net flows Wednesday. The daily figures do not establish that investors moved money from altcoin ETFs into Bitcoin. The next sessions will show whether altcoin buying resumes or Bitcoin's return to inflows signals a broader shift in ETF demand.
This content is an AI-generated summary/analysis for informational purposes only and does not constitute investment advice.