Sep 1, 2025
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August Sees $751 Million Outflow from Bitcoin ETFs and $3.9 Billion Inflow to Ethereum ETFs
Market Overview and Key Developments
In August, Bitcoin spot ETFs experienced $751 million in net outflows, while Ethereum ETFs attracted $3.9 billion. This marks a significant divergence in institutional interest.
- Bitcoin's recent drop below the cost basis for 1- and 3-month holders raises risks of further declines, with potential support near $93,000–$95,000.
- Prediction markets indicate a 65% chance BTC will reach $100,000 before hitting $130,000, reflecting skepticism about sustaining July's rally without ETF demand.
- Ethereum benefitted from consistent inflows, achieving a 25% gain over the past month despite market volatility.
Market Movements
- BTC: Currently trading below $108,000; potential for rebound after Fed’s decision on September 17.
- ETH: Over 90% odds of holding above $3,800 into September 5, with a 71% chance of finishing 2025 above $5,000.
- Gold: Approaching record highs due to anticipated Fed rate cuts and a weaker dollar.
- Nikkei 225: Expected lower opening amid various geopolitical and economic factors.
Other Notable Crypto News
- Justin Sun advocates for a "Swift" system in the virtual asset sector and praises Hong Kong's crypto initiatives.
- A Trump-backed stablecoin, USD1, is projected to surpass Tether and USDC by 2028.
- WLFI's derivatives volume surged 400% ahead of its first token unlock event on Monday.