“August Saw $ 751m Exit US Bitcoin Etfs Even as Ethereum Funds Pulled in Nearly $ 4b, UndersCoring Divering Institutional AppeTITES as BTC Stalls”, – WRITE: www.coindesk.com
August Delivered A Rare Reversal in the Etf Tide: Bitcoin Spot Funds Shed $ 751 Million in Net Outflows Just Weeks After Powering The Asset To A $ 124,000 ALLY-TIME HIGH, WHILE ETHELE ETHEERE ETHEER Billion, accounting to market Data.
The Divergence Is Striking Because It Marks the FIRST TIME SINCE BOTH PRODUCTS LAUNCHED THAT BTC ETFS HAVE LOST GROUND Institutional Investors May Be Rebalancing Their Exposure.
(Sosovalue)
On -chain Data Underscores Bitcoin’s Fragality. A recent report from glassnode shows btc sliping beaver the cost basis of 1- and 3-month Holders, Leaving Short-Term Investors Under Water and Raising the Risk of Deeper Reteracement. A Sustaned Move Beneath The Six-Month Cost Basis Near $ 107,000 Could Accelerate Losses Town The $ 93,000-$ 95,000 Support Zone, Where a Dense Cluster of Long-Term Holders.
Predict Markets are echoing that caating. Polymarket Traders Now Assign A 65% CHANCE THAT BTC REVISITS $ 100,000 Before $ 130,000, While Only 24% Expect It To Hit $ 150,000 by Year-End. That Shift Suggests Investors See The July Rally As OverExted Without Renewed Etf Demand to Back IT.
Ethereum, Meanwhile, Has Benefited from Steadier Inflows. ETH ETFS HAVE LOGGED POSITIVE NET SUBSCRIPTIONS IN 10 OF THE LAST 12 MONHS, AND AUGUST’S $ 3.9 Billion Haul Helped The Token Notch A 25% Gain Over 30 Days Despite A ROUGH WEK.
With Bitcoin’s ETF Tide Flowing Out, Ethereum’s Steadier Institutional Bid May Be Emerging As A Quiet Ballast and Perhaps the Start of A Rotation Story Heading Into Year-End.
Market Movements:BTC: Market Observers Say Crypto Charts Look So Bearish they Could be Bullish, accounting to prior coindesk reporting, as btc trades bea Sept. 17 Decision.
Eth: Polymarket Traders See Ethereum Holding Above $ 3.800 Into September 5 with Over 90% ODDS, While Longer-Term Bets Give IT A 71% CHANCE OF FINISHING $ 525 Higher.
GOLD: Gold Climbed Toward Record Highs as Traders Priced in Fed Rate Cuts, A Weaker Dollar, and Political Uncertainty Following Challenges to the Central Bank’s Indence.
Nikkei 225: The Nikkei 225 LOOKED SET TO OPEN LOWER AS INVESTORS WEGhed A US Court Ruling Against Trump’s Tariffs, China-India Ties, and UpcomING MANUFACTING DATA.
Elsewhere in Crypto:
- Justin Sun Eyes ‘Swift’ For Virtual Asset Sector, Praises Hong Kong Crypto Moves (SCMP)
- Trump-Backed USD1 to Suppplant Tether, USDC As Top Stablecoin by 2028: Blockstreet (Decrypt)
- Wlfi Derivatives Volume Jumps 400% Ahead of World Liberty’s First Token Unlock on Monday (The Block)
As Congress Still Struggles to Work Out A Crypto Tax Approach in the Us, The Experts Handling Digital Assets at the IRS Are Heading for the Exits.
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