Spot Bitcoin exchange-traded funds recorded $201.9 million in net outflows on Aug. 28, bringing a nine-day run of inflows to an end, according to Decrypt. The shift in flows came as Ethereum funds continued to attract investor money, extending their inflow streak to 10 days. The contrasting fund-flow patterns put Bitcoin and Ethereum products on different trajectories for the session: Bitcoin ETFs saw cash leave after more than a week of consecutive inflows, while Ethereum ETFs maintained their positive sequence. The figures provide a snapshot of demand for crypto investment products on Aug. 28, with Bitcoin funds posting a notable reversal and Ethereum funds recording another day of inflows. The report covered spot ETFs tied to both assets and did not indicate that Ethereum’s 10-day streak had ended.
Source
Decrypt
This is an original Moneyiar brief based on the cited source.
Read original source ↗
