BlackRock’s IBIT leads mixed Aug. 28 U.S. crypto ETF flows

  • U.S. spot Bitcoin ETFs posted about $202 million in Aug. 28 net outflows.
  • U.S. spot Ethereum ETFs recorded $1.42 billion over nine consecutive sessions.
  • Ethereum ETF surge narrowed the inflow gap with Bitcoin ETFs to $16.5 million.

U.S. spot Bitcoin ETFs recorded approximately $201.8 million to $202 million in net outflows on Aug. 28, ending a nine-session inflow streak from Aug. 17 through Aug. 27 that brought in roughly $3.04 billion. BlackRock’s iShares Bitcoin Trust (IBIT) accounted for about $33.4 million of the redemptions, while ARKB led fund-level selling near $114.9 million and BITB followed around $49.7 million as Bitcoin fell from an Aug. 28 high above $81,000 to a close near $77,400–$77,800. Analysts characterized the Bitcoin withdrawals as profit-taking and portfolio rebalancing rather than a broad institutional exit. By contrast, U.S. spot Ethereum ETFs stayed firmly in inflow mode: BlackRock’s iShares Ethereum Trust (ETHA) attracted about $1.02 billion across nine sessions with no day of net selling, roughly 72% of the category’s approximately $1.42 billion total, and the complex added another $102.1 million on Aug. 28 led by ETHA’s $83.8 million. One account framed the $1.42 billion Ethereum category total as covering nine consecutive sessions ending Aug. 28, 2026, and said the surge narrowed the inflow gap with Bitcoin ETFs to just $16.5 million. ETHA’s cumulative net inflows since its July 2024 launch stood near $12.74 billion, with category net assets above $15.2 billion, while Ether traded around $2,440–$2,485 after climbing from near $1,910 earlier in the window. Source records still contain a chronology discrepancy: the older account places the $33.4 million IBIT outflow on Aug. 28 in a 2026 context, while newer reporting also cites $127 million in November outflows and $251 million in December outflows during 2025.

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