Spot Bitcoin ETFs recorded outflows of $201.81 million on August 28th, ending a nine-day streak of inflows totaling $3.04 billion. Bitcoin’s price retreated from the $80,000 resistance level to $78,275.24. In contrast, Ethereum ETFs maintained their momentum with $102.18 million in inflows on the same day, bringing the ten-day total to $1.52 billion. XRP ETFs hit a record $2 billion in assets under management, while Solana ETFs accumulated approximately $1.7 billion in inflows, with the Bitwise Solana Staking ETF crossing the $1 billion mark. This rotation toward altcoins occurs ahead of Bitcoin’s traditionally weak September period.
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