Bitcoin ETFs continue to dominate the crypto ETF market. During the week of August 31 through September 4, these funds attracted $986.9M, reinforcing their position as the leading asset in the structured products market. According to BeInCrypto, the weekly BTC ETF figure rose by 6.7%. At the same time, trading volumes in Bitcoin funds fell from $19B to $14.5B, while Ethereum volumes declined to $4.1B. The contrast between capital inflows and declining trading activity reflects a broader cooling in the digital assets market following a period of aggressive investment growth.
Alternative assets are in a noticeably worse position. Inflows into ETF products based on Ethereum, Solana, XRP, and Hyperliquid dropped by 73–96% compared to the previous week, when Solana funds attracted 443% growth ($153.9M), XRP products — 178% ($110.5M), and Hyperliquid — $56.9M. During the week of August 31 through September 4, the picture changed dramatically: Solana ETFs received just $6.2M, XRP funds — $19M, and Hyperliquid products — $12.3M. Assets in Solana funds even declined over the five trading days, from $1.43B to $1.41B. However, no outright outflows from these funds were observed — it is more a matter of slowing purchases following a period of extraordinary inflows.
Bitcoin ETF inflows are supported by technical and macroeconomic factors. Prices of all five major assets were virtually unchanged over the week: BTC gained 2.58%, Ethereum — 1.09%, XRP — 3.02%, Hyperliquid — 5.76%, while Solana posted minimal growth of 0.18%. Bitcoin opened the week near its highest level since May 12, coinciding with an improvement in traders' risk appetite. On Friday, September 6, August employment data was released: job gains came in at 162K versus a forecast of around 53K. These unexpectedly strong figures led to a reassessment of the probability of a Fed rate cut in September — investors raised bets that the central bank would hold off on a reduction. The outcome of this scenario for cryptocurrencies will become clear after the release of the August inflation report on September 11, which will serve as a key volatility trigger for the market.
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This material is prepared exclusively for informational purposes and does not constitute financial advice or a recommendation.