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Bitcoin ETFs Surge While Altcoin Funds See Sharp Pullback

Bitcoin exchange-traded funds attracted $986.9 million in inflows during the week ending September 4, while Ethereum, Solana, XRP, and Hyperliquid products experienced declines of 73% to 96% from the previous week.
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Bitcoin ETFs Surge While Altcoin Funds See Sharp Pullback

US-listed Bitcoin exchange-traded funds pulled in $986.9 million during the week ending September 4, according to SoSoValue data. The inflow represented a 6.7% increase from the prior week, when Bitcoin funds collected $924.5 million.

Ethereum, Solana, XRP, and Hyperliquid products moved sharply in the opposite direction. Inflows into these four asset categories fell between 73% and 96% compared to the week ending August 28.

Altcoin Momentum Reverses

The week ending August 28 had told a different story. Solana products surged 443% to $153.9 million. XRP funds climbed 178% to $110.5 million, and Hyperliquid funds reached $56.9 million. Within five trading days, those gains reversed sharply. 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 products recorded net outflows, indicating slowed buying activity rather than capital withdrawal from the sector.

Trading volume cooled across the board. Bitcoin fund turnover dropped to $14.5 billion from nearly $19 billion, while Ethereum turnover fell to $4.1 billion.

Asset Prices Show Modest Gains

Spot prices remained narrow across all five assets during the five trading days to September 4. Bitcoin gained 2.58%, while Ethereum rose 1.09%. XRP added 3.02%, and Hyperliquid gained 5.76%. Solana trailed the group with a 0.18% gain, and its fund assets slipped to $1.41 billion from $1.43 billion.

Bitcoin opened Friday at its highest price since May 12, following remarks from Federal Reserve Governor Christopher Waller about inflation expectations. The August employment report, released on the final day of the flow week, showed payrolls rose 162,000 against a forecast near 53,000, prompting traders to raise bets on a Fed rate increase.

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BitcoinBTC $79,371.51-0.64% EthereumETH $2,490.92-0.24% Tether USDUSDT $1.00-0.02% BNBBNB $744.64-1.70% XRPXRP $1.40-1.27% USDCUSDC $1.000.00% SolanaSOL $105.01-1.27% TRONTRX $0.3368+0.78% HyperliquidHYPE $87.27-0.29% ZcashZEC $1,189.99+0.47%
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