Bitcoin ETFs Take $217 Million as Ether ETF Streak Reaches 11 Days and Japan's 10-Year Hits 3%
Bitcoin ETFs snapped back with $217M Monday after Friday's one-day $202M outflow — the question is whether that was an adjustment or the start of a reversal, the same pattern that began May-to-July's extended outflow period. Ether ETFs hit an 11th consecutive day at $88M — $1.6B total, the longest streak since a 20-day run ending July 2025. Bitcoin ETF net assets closed August just under $100B. The more consequential development: Japan's 10-year JGB yield hit 3% — its highest since 1996 — after Bessent signaled he expects BOJ action to support the yen. JGB yields at three-decade highs compress the carry trade spread, and the yen has already given back more than half its gains from the July 31 coordinated US-Japan intervention.
Bitcoin ETFs snapped back with $217M Monday after Friday's one-day $202M outflow — the question is whether that was an adjustment or the start of a reversal, the same pattern that began May-to-July's extended outflow period. Ether ETFs hit an 11th consecutive day at $88M — $1.6B total, the longest streak since a 20-day run ending July 2025. Bitcoin ETF net assets closed August just under $100B. The more consequential development: Japan's 10-year JGB yield hit 3% — its highest since 1996 — after Bessent signaled he expects BOJ action to support the yen. JGB yields at three-decade highs compress the carry trade spread, and the yen has already given back more than half its gains from the July 31 coordinated US-Japan intervention.
