September 01, 08:36

Bitcoin ETFs resume buying as ether funds extend streak to 11 days

Live updates: Bitcoin ETFs resume buying as ether funds stretch streak to 11 days

CoinDesk

U.S. spot bitcoin ETFs attracted about $217 million on Monday after a one-day break. The funds lost roughly $202 million on Friday, ending a nine-day buying run that began on Aug. 19. That run matched the year's longest inflow streak. Ether ETFs recorded $88 million in net buying on Monday. The result extended their streak to 11 consecutive days. Ether ETF net buying totaled $1.6 billion during the streak. It was the products' longest run since a 20-day streak ended in July 2025. Bitcoin ETF net assets ended August just under $100 billion. The assets had crossed above $100 billion on Aug. 27 before Friday's selling reduced them. Cumulative net inflows since the funds launched in January 2024 were near $55 billion. August was the strongest month of 2026 for bitcoin ETFs. Its inflows were more than double April's total. The funds still had a net outflow of roughly $2.5 billion for the year. Friday's outflow followed Warsh's Jackson Hole remarks, which pushed rate-hike expectations higher.

This content is an AI-generated summary/analysis for informational purposes only and does not constitute investment advice.