The 9-day party just hit pause. đŠ
US spot Bitcoin ETFs flipped to ~$202M in net outflows on Friday (Aug 28 ET) â snapping a nine-day inflow streak that saw institutions piling in daily, including $242M on Thursday alone . BTC slipped back below $78K alongside the flow reversal.
Where did the money go? đ
đŽ $ARKB.ETF led the exits : $115M out in a single day (its cumulative net inflow still sits at $1.319B )
đą MSBT (Morgan Stanley) bucked the trend : +$9.3M inflow â the top gainer of the day
đ Total $BTC ETF assets dipped back below $100B to $97.6B (6.28% of BTC's market cap; lifetime net inflows still +$54.6B )
Why now? Fed Chair Waller's hawkish tone (remember, Sept rate-hike odds just jumped to ~57% ) is making risk assets test their first hurdle since the Aug 19 rally. As miner boss Jiang Zhuoer put it: this is BTC's first real test of the week â he's already cut 50% of his spot ETH (personal view, not financial advice).
One 9-day streak ending â trend reversal. Institutions are still net +$54.6B all-time. The question isn't whether they left â it's whether $78K holds as the new floor. đ§±
#bitcoinspotetfends9dayinflowstreak #AntiQuantumBitcoinTransactionMinedOnMainnet #NYSilverFuturesDrop3% #BTCDrops3.4%To$77383
US spot Bitcoin ETFs flipped to ~$202M in net outflows on Friday (Aug 28 ET) â snapping a nine-day inflow streak that saw institutions piling in daily, including $242M on Thursday alone . BTC slipped back below $78K alongside the flow reversal.
Where did the money go? đ
đŽ $ARKB.ETF led the exits : $115M out in a single day (its cumulative net inflow still sits at $1.319B )
đą MSBT (Morgan Stanley) bucked the trend : +$9.3M inflow â the top gainer of the day
đ Total $BTC ETF assets dipped back below $100B to $97.6B (6.28% of BTC's market cap; lifetime net inflows still +$54.6B )
Why now? Fed Chair Waller's hawkish tone (remember, Sept rate-hike odds just jumped to ~57% ) is making risk assets test their first hurdle since the Aug 19 rally. As miner boss Jiang Zhuoer put it: this is BTC's first real test of the week â he's already cut 50% of his spot ETH (personal view, not financial advice).
One 9-day streak ending â trend reversal. Institutions are still net +$54.6B all-time. The question isn't whether they left â it's whether $78K holds as the new floor. đ§±
#bitcoinspotetfends9dayinflowstreak #AntiQuantumBitcoinTransactionMinedOnMainnet #NYSilverFuturesDrop3% #BTCDrops3.4%To$77383