Crypto funds attract $3.2 billion as Bitcoin demand rotates toward altcoins

  • Crypto funds recorded $3.2 billion in inflows last week, according to The Kobeissi Letter.
  • BlackRock’s IBIT attracted $928 million after receiving $1.3 billion the previous week.
  • Ethereum ETFs extended their inflow streak to 10 sessions on Aug. 28.

Crypto funds recorded $3.2 billion in inflows last week, their strongest weekly result since October 2025, as investors also increased allocations to gold funds. BlackRock’s IBIT, a Bitcoin ETF, attracted $928 million after taking in another $1.3 billion the previous week, bringing its two-week total above $2.2 billion. Ethereum, Solana, XRP, Hyperliquid and Dogecoin ETFs also maintained inflow streaks. Across four consecutive weeks, crypto funds averaged $1.3 billion in weekly inflows, the strongest four-week pace in about 10 months. AMBCrypto’s analysis described the move as a rotation in crypto demand rather than a reversal: U.S. Bitcoin ETFs posted $202 million in outflows after a nine-day streak but still recorded $925 million in weekly inflows, including $938 million for IBIT alone. Ethereum ETFs attracted $824 million for the week and a further $102 million on Aug. 28, extending their inflow streak to 10 sessions. Solana and XRP ETFs also received fresh capital, suggesting investors were moving toward altcoins ahead of the September effect. Scott Melker, widely known as The Wolf of All Streets, said, "The bid rotated. It did not reverse."

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