U.S. crypto ETFs post mixed Aug. 28 flows as Bitcoin outflows offset altcoin inflows

  • U.S. spot crypto ETFs recorded a combined $51.11 million net outflow on Aug. 28, driven by $201.81 million in Bitcoin ETF withdrawals.
  • Ether ETFs attracted $102.18 million, led by ETHA’s $83.79 million, while XRP, Solana and Hyperliquid funds also posted inflows.
  • Bitcoin and Ether ETFs drew $5.06 billion combined over the past 30 days, while ETHA purchases exceeded $1 billion over nine days.

U.S. spot Bitcoin ETFs posted $201.81 million in net outflows on Aug. 28, ending a nine-session inflow streak that had drawn $3.044 billion since Aug. 17, as Bitcoin fell from above $81,000 to $76,888 after hawkish Jackson Hole remarks from Federal Reserve Chair Kevin Warsh. Combined U.S. spot crypto ETFs recorded a $51.11 million net outflow as Bitcoin withdrawals outweighed inflows into Ether, XRP, Solana and Hyperliquid products. Spot Ether ETFs extended their buying run to 10 sessions with $102.18 million in net inflows, led by BlackRock’s ETHA at $83.79 million. BlackRock’s share of flows deepened: IBIT took about 75.4% of the nine-session Bitcoin ETF inflow total, while ETHA absorbed $1.02 billion, or 72%, of recent Ether category inflows. Weekly Ether ETF inflows of about $713 million closed in on Bitcoin ETFs’ $884 million, and market participants are watching further outflows and whether Bitcoin can defend $77,000.

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