Bitcoin ETFs swing between inflows and outflows as altcoin streaks break

Bitcoin ETFs reverse after four sessions of switching directions

US spot Bitcoin ETFs, which are funds that track Bitcoin’s price and trade like stocks, pulled in $101.2 million on Sept. 2. This followed a day of outflows totaling $236.5 million, continuing a pattern of investors alternating between buying and selling over four straight sessions.

Bitcoin’s price has mirrored this instability, moving between roughly $77,300 and $80,268 over the past week. Despite the volatility, Bitcoin ETFs have still attracted more than $3 billion in new money over the last 30 days.

Altcoin ETF streaks end with first outflows in weeks

Ethereum, XRP, and Solana ETFs, which had seen steady inflows for nearly two weeks, recorded their first outflows on Sept. 2. Ethereum funds lost about $48 million, ending a 12-day streak that had brought in roughly $1.62 billion. XRP ETFs saw $7.2 million in withdrawals after 11 days of inflows, while Solana funds posted $6 million in outflows, breaking their own 11-session run.

These reversals mark a shift for altcoin ETFs, which had maintained consistent demand even as Bitcoin ETF flows fluctuated. The next trading sessions will show whether altcoin buying resumes or if Bitcoin’s renewed inflows signal a broader change in investor behavior.

What is confirmed

• US spot Bitcoin ETFs attracted $101.2 million on Sept. 2 after losing $236.5 million the day before.
• Ethereum ETFs posted $48 million in outflows, XRP ETFs saw $7.2 million in withdrawals, and Solana ETFs recorded $6 million in outflows on Sept. 2.
• Bitcoin ETFs have drawn over $3 billion in the past 30 days.
• Bitcoin’s price has moved between approximately $77,300 and $80,268 in recent days.

Why this matters

The simultaneous end of altcoin ETF inflow streaks and Bitcoin’s unstable flows suggest a possible shift in investor preferences. While the outflows remain small compared to prior gains, they highlight changing dynamics in the crypto ETF market.

Sources

• CryptoSlate