Bitcoin ETFs Saw $101.15 Million Inflows on September 2

On September 2, demand for cryptocurrency ETFs in the U.S. varied. Bitcoin spot ETFs closed with a net inflow of $101.15 million, while outflows were recorded in Ethereum, XRP, and Solana-focused products. It was noted that investors preferred Bitcoin as a more cautious choice during uncertain times. The total net asset value of Bitcoin spot ETFs reached $97.22 billion, with cumulative net inflows of $54.73 billion. The daily trading volume was approximately $1.73 billion. Daily outflows were observed in altcoin ETFs. Ethereum ETFs had a positive flow of $1.83 billion over the last 30 days, but experienced a net outflow of $48.08 million on a daily basis. Total net inflows remained at $13.03 billion. For XRP, the total daily net outflow across five ETF products was $57.20 million, with cumulative net inflows around $1.68 billion. Solana ETFs saw a net outflow of $6.13 million but attracted $197.60 million in inflows over the last 30 days. XRP is trading at $1.36 and testing the 200-day moving average at $1.35. If XRP stays below this level, a correction towards $1.29 is anticipated. Recent data shows that short-term outflows in altcoin ETFs are prominent, but 30-day flows remain positive. Bitcoin, however, demonstrated strong institutional demand with inflows exceeding $100 million.

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