Bitcoin ETF inflow streak ends, but Decrypt says institutional demand remains intact

About $201.9 million flowed out of spot Bitcoin ETFs on Aug. 28, ending a nine-session net inflow streak, but the scale was minor relative to cumulative inflows since the funds launched, making it difficult to conclude that institutional investor sentiment has broadly weakened, Decrypt reported. The outlet added that while flows into Bitcoin ETFs have slowed, net inflows into Ethereum ETFs have continued, calling steady institutional demand for Ethereum a notable shift. At the same time, Decrypt said remarks by Federal Reserve Chair Kevin Warsh in a Jackson Hole keynote signaling the possibility of additional rate hikes have heightened tightening concerns and are weighing on the crypto market.