By Bitcoin News | Created at 2026-08-29 12:56:59 | Updated at 2026-08-29 14:27:36
1 hour ago
U.S. spot bitcoin exchange-traded funds (ETFs) snapped a nine-day, $3 billion buying streak with a $202 million net outflow on August 28, even as spot ethereum ETFs added another $102 million the same day.
Key Takeaways
- Sosovalue data showed U.S. bitcoin ETFs shed $202 million on August 28, ending a nine-day, $3.04 billion streak.
- Ether ETFs bucked the trend, pulling in $102 million.
- Traders are now watching whether bitcoin’s price holds above $78,000 as the ETF streak resets heading into September.
A Nine-Day Run Comes to an End
The party lasted nine trading sessions starting August 17, when U.S. spot bitcoin exchange-traded funds (ETFs) pulled in fresh money every single day (swelling to roughly $3.04 billion before it broke). On August 28, $202 million in net outflows made their way out of the funds, snapping the streak.
That nine-day tally had already pushed combined bitcoin ETF assets past a milestone few expected this fast. Bitcoin.com News reported the group crossed $100 billion in net assets on August 27, with Blackrock’s Ishares Bitcoin Trust (IBIT) adding $277.6 million in a single day, even as Fidelity’s FBTC shed $83.6 million and Grayscale’s GBTC gave up another $27.2 million in the opposite direction.
That said, bitcoin ETFs have swung hard in both directions this year. Back in May, the same group of funds logged a record nine-day outflow streak that drained roughly $2.8 billion while bitcoin slid from around $80,000 to $73,000.
Ether Funds Keep Buying
Spot ether ETFs told a different story because rather than following bitcoin, the alt’s funds added $102 million, stretching their own buying run to ten consecutive days. That said, ether’s funds have had help given that earlier in August, the category pulled in $2.6 billion in its strongest inflow week since October (with Blackrock’s ETHA doing much of the heavy lifting and tripling the sector’s usual trading volume along the way).
Ether’s value itself has broadly mirrored bitcoin’s price even though their ETF ledgers have diverged, albeit for a day.
Where Bitcoin’s Price Sits Now
The outflow lands at an interesting moment for bitcoin’s price, given that the asset opened on Aug. 28 at $80,261.86 before slipping to its current level of around $77,500. The asset is up just 1% over the past week, so a single day of ETF selling looks more like profit-taking than panic, especially with roughly $6.4 billion in Deribit options expiring that same Friday.
That said, one red day doesn’t undo a $3 billion run, and ETF watchers will be checking the next session’s data to see whether yesterday was a blip or the start of something longer. Ether’s funds, for their part, head into the new week still riding a ten-day streak.
