Key Takeaways
- Bitcoin ETFs lost $13.29M Friday, extending outflows to 4 days as BTC held at $77K.
- Ether ETFs drew $216.41M, highlighting a sharp rotation away from bitcoin into ETH exposure.
- Fed signals may decide whether bitcoin can reclaim $80K as inflation stays firm.
Bitcoin ETFs Stay Negative With Bitcoin’s Price Stuck at $77K
Friday brought a striking split across the crypto ETF market.
Bitcoin funds remained under pressure, though the pace of redemptions slowed sharply from earlier in the week. Blackrock’s IBIT recorded a $19.23 million outflow, enough to outweigh fresh demand elsewhere, after Morgan Stanley’s MSBT attracted $3.76 million, and Vaneck’s HODL added $2.18 million.
Total bitcoin ETF trading value reached $2.60 billion, with net assets closing at $97.58 billion. The result capped an entirely negative week for the group, with cumulative outflows reaching $462.73 million.
That weakness has coincided with bitcoin’s price hovering around $77,000, leaving institutional flows under close watch heading into next week.
Ether Funds Finish the Week With Force
Ether ETFs delivered the session’s strongest move, recording $216.41 million in net inflows across six funds.
Blackrock’s ETHA led with $148.82 million. Bitwise’s ETHW added $29.09 million, while BlackRock’s ETHB attracted $18.32 million. Fidelity’s FETH brought in another $11.40 million.
Grayscale’s Ether Mini Trust and Vaneck’s ETHV added $5.09 million and $3.71 million, respectively. Trading value surged to $2.56 billion, as net assets climbed to $16.31 billion, up by almost $1 billion on the day.
The Friday surge pushed ether ETFs to roughly $197 million in weekly net inflows, extending their winning streak to four weeks.
Hype and Solana Remain Under Pressure
HYPE ETFs lost $8.18 million, with Bitwise’s BHYP shedding $6.78 million and 21Shares’ THYP losing $1.40 million. Net assets closed at $430.22 million.
Solana ETFs slipped by $278,840, entirely from Bitwise’s BSOL. Trading value reached $98.90 million, while net assets ended at $1.42 billion.
XRP ETFs recorded no net flows, leaving net assets at $1.45 billion, as traders continue to watch XRP’s price for signs of renewed momentum.
Inflation Keeps the Fed in Focus
The latest U.S. inflation data gave crypto investors little relief.
August CPI rose 0.4% from July, while annual inflation held at 3.4%. Core inflation eased to 2.4% year over year, its lowest level since March 2021. The report offered limited support for bitcoin, as markets continue to weigh the risk of restrictive monetary policy.
With no clear dovish catalyst, the path back above $80,000 may depend on softer economic data or a more supportive signal from the Federal Reserve.
