Bitcoin ETFs record ninth consecutive day of $242 million inflows

US spot Bitcoin ETFs are again posting a positive day. On 27 August, they saw net inflows of $242 million, bringing the run of consecutive positive days to nine. Spot Ethereum ETFs and spot Solana ETFs are also joining the broad inflow, while the relatively new spot HYPE ETFs are also attracting money.

In brief:

• Spot Bitcoin ETFs are on a nine-day net inflow streak, with $242 million on 27 August.
• Spot Ethereum ETFs likewise posted nine consecutive positive days, with $235 million in inflows.
• Spot Solana ETFs and HYPE ETFs saw inflows of $60.91 million and $24.42 million, respectively.

Broad inflow also pulls along Ethereum and Solana

As Wu Blockchain reports, the net inflow into spot Bitcoin ETFs now stands at nine consecutive days. Total net assets in these funds currently amount to $100.93 billion. The Bitcoin price is around $79K.

Spot Ethereum ETFs are keeping pace. With $235 million in net inflows on the same day, they too have now posted nine consecutive positive days. The inflows into Bitcoin and Ethereum ETFs have for some time been dominated by large asset managers.

Solana and HYPE ETFs also attract capital

Beyond Bitcoin and Ethereum, spot Solana ETFs are also showing clear inflows. On 27 August, they amounted to $60.91 million. That is notable, especially in light of the plans surrounding the Solana token issuance.

The spot HYPE ETFs, based on the Hyperliquid token, are attracting $24.42 million. Hyperliquid has been actively buying back its own tokens for some time now through its USDC reserve yield. The inflow into HYPE ETFs shows that this asset is also drawing institutional interest.