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      Bitcoin ETFs Experience $210 Million Outflow as Ethereum ETFs Maintain Positive Trend

      On August 28, Bitcoin exchange-traded funds (ETFs) faced a significant setback, recording a net outflow of approximately $201.9 million, marking the first daily outflow since mid-August. This outflow occurred after a nine-day inflow streak that had accumulated over $3 billion. During this period, Bitcoin's price fluctuated between $77,696 and $78,000, but the abrupt outflow saw around 2,689 BTC leave the product wrapper.

      The outflow was not uniform across all Bitcoin funds, with ARK 21Shares experiencing the largest loss at approximately $114.9 million. Bitwise followed with outflows of about $49.7 million, while BlackRock's Bitcoin fund saw around $33.4 million exit. Despite this recent downturn, Bitcoin ETFs have still seen cumulative net inflows of about $55.1 billion since their inception, with total net assets estimated between $97 billion and $100 billion.

      In contrast, Ethereum ETFs continued to thrive, pulling in roughly $102.1 million on the same day, thereby extending their inflow streak to ten consecutive days. This positive momentum has resulted in cumulative net inflows for Ethereum ETFs approaching $12.9 billion, with total net assets estimated at around $13.8 billion. On August 28 alone, approximately 31,399 ETH entered spot funds, highlighting the sustained interest in Ethereum products.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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