The real bitcoin ETF in the United States turned net out on August 28th, ending the continuous gold-sucking trend since mid-August. At the same time, net inflows of funds continue to be recorded by ETF, which is available in Taifeng, and the short-line funding direction of the two products has been divided.
Bitcoin, ETF, nine-time increase.
SoSoValue data show that United States real bitcoin ETF net outflows of $201.9 million on that day, and cumulative net inflows fell to about $55.1 billion, with total net assets of approximately $93.9 billion. This was also the first retreat after a net inflow of 9 consecutive trading days.
The previous round of inflows was more dynamic. Bitcoin ETF combined its $2.8 billion during a period of eight days of continuous net inflow, when the BTC tested the $80 million threshold. During that time, net inflows exceeded $300 million a day and, on 20 August, more than $600 million.
Etherport ETF 10 days in a row
In contrast, the United States FETF recorded a net inflow of $102.1 million on August 28, with a net inflow of funds for the tenth consecutive trading day. Its cumulative net inflows rose to approximately $12.9 billion, with total net assets of approximately $13.8 billion.
In recent trading days, the single-day inflow of ETF is close to scale, even at one point compared to Bitcoin ETF. Taking into account the significantly smaller size of ETF asset management, this indicates an increased financial interest in ETH products.
Differing funds after the rebalancing
It was reported that the cycle had been divided after bitcoin prices had fallen. Following a speech by Federal Reserve Chairman Kevin Walsh at Jackson Hall by the hawks, the market risk bias cooled, with Bitcoin coming back close to $80,000 and then back to about $79,000 over the weekend.
On a larger scale, the single-day outflow of Bitcoin ETF is still below the amount of money that it has accumulated since its listing. Current data are more like short-line pacing changes than there is a clear reversal in non-institutional demand.