Bitcoin ETFs Dodge the Inflow Slump That Caught Ethereum, Solana, and XRP

listed Bitcoin (BTC) exchange-traded funds (ETFs) pulled in $986.9 million during the week ending September 4 Inflows into Ethereum (ETH), Solana (SOL), XRP (XRP), and Hyperliquid (HYPE) products fell between 73% and 96% that week

Bitcoin funds lifted their weekly haul by 6.7%. The four other major product groups moved in the opposite direction after a strong showing the week before.

Altcoin Funds Give Back a Week of Gains

The week ending August 28 told the reverse story. Bitcoin ETFs took in $924.5 million that week, roughly half the $1.92 billion collected a week earlier.

Solana products jumped 443% to $153.9 million during that stretch. XRP funds climbed 178% to $110.5 million, and Hyperliquid funds reached $56.9 million.

Those gains vanished within five trading days. Solana ETFs took in $6.2 million, XRP funds took in $19 million, and Hyperliquid funds took in $12.3 million.

None of the five recorded a net outflow. The shift, therefore, points to slower buying rather than investors pulling capital out.

Trading activity cooled across the board, including in Bitcoin. Turnover in the Bitcoin funds dropped to $14.5 billion from nearly $19 billion, while Ethereum turnover fell to $4.1 billion.

Prices Refused to Follow the Money

Spot prices stayed narrow across all five assets. Bitcoin gained 2.58% over the five trading days to September 4.

Ethereum rose 1.09%. XRP added 3.02%, while Hyperliquid gained 5.76%.

Solana trailed the group with a 0.18% gain. Its fund assets slipped over the same stretch, to $1.41 billion from $1.43 billion.

Bitcoin opened Friday at its highest price since May 12. The move followed remarks from Federal Reserve Governor Christopher Waller about the coming inflation reading.

The August employment report then landed on the final day of the flow week. Payrolls rose 162,000 against a forecast near 53,000, and traders raised bets on a Fed hike this month.

That reading runs counter to the dovish signal that pulled money into Bitcoin funds on Thursday. The August inflation print, due September 11, will test how the flows hold up.

Read the Original story Bitcoin ETFs Dodge the Inflow Slump That Caught Ethereum, Solana, and XRP by Kamina Bashir at beincrypto.com

Source: finance.yahoo.com