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In Bitcoin ETF news today, U.S. spot Bitcoin ETFs recorded $201.81M in net outflows on August 28, according to SoSoValue, snapping a nine-day inflow streak just as Bitcoin stalled below the $78,670 resistance level.
The reversal came a single day after the ETF complex crossed $100Bn in net assets, turning a record-setting month into a live test of institutional demand.
The total crypto market cap is down -0.2% over the past 24 hours, sitting at $2.699 trillion, with daily trading volume across the market at $71.9Bn.
Bitcoin Spot ETFs Recorded $924 Million in Net Inflows Last Week
From August 24 to August 28 (ET), U.S. spot Bitcoin ETFs recorded $924 million in net inflows, led by BlackRock’s IBIT with $938 million. Spot Ethereum ETFs recorded $824 million in net inflows, led by BlackRock’s… pic.twitter.com/XcK6TXrNCe
— Wu Blockchain (@WuBlockchain) August 31, 2026
Bitcoin ETF Outflows End Nine-Day Inflow Streak
The nine-day run, which began August 17, had pulled close to $3Bn into the funds before Thursday’s reversal. ARK 21Shares’ ARKB led the exodus with $114.9M in outflows.
This is followed by Bitwise’s BITB at $49.7M and BlackRock’s IBIT at a comparatively modest $33.4M. Morgan Stanley’s MSBT bucked the trend entirely, adding $9.3M in fresh capital.
That distribution matters more than the headline number. IBIT’s small share of the day’s redemptions points toward profit-taking after a fast rally rather than a broad institutional exit.
August month-to-date inflows still sit above $3.1Bn, the strongest month of 2026, and the funds collectively hold more than one million bitcoin, underscoring that a single outflow session has not undone the underlying accumulation trend.
For more on how concentrated that demand has been, see ICOBench’s coverage of IBIT’s outsized share of recent Bitcoin ETF inflows.
Bitcoin Price Stalls Below $78,670 Resistance
The Bitcoin price ran 26% in under two weeks, tagging $81,455 before stopping cold at the exact level that capped the early May rally. As of Sunday, August 30 at 11:37 UTC, BTC USD traded at $78,019 on Bitstamp, down 0.12% on the day and unable to close above the $78,670 ceiling.
CryptoTicker traces the correction to new Fed Chair Kevin Warsh’s August 28 Jackson Hole keynote, in which he flagged that PCE inflation was still running at 3.7% year over year.
Markets repriced fast: Bitcoin dropped from $81,455 to an intraday low of $76,845 before closing near $77,800, while CoinGlass logged roughly $486M in liquidations across about 95,731 traders, including $368M in long positions wiped out.
Daily RSI, at 71.03, has already fallen below its 74.90 moving average, a sign that the momentum behind the rally is cooling even as price hovers just below resistance. That combination of ETF withdrawal and leverage flush illustrates how quickly liquidity conditions can shift near a contested level.
$BTC just hit a 50/100 EMA crossover on the weekly.
These crosses have led to some pretty big moves in the past, both up and down.
So this is definitely a zone worth watching. Could be the start of a pump, or we could see another dump before the next move. pic.twitter.com/nRYzMwPi47
— Wealthmanager (@Wealthmanager) August 31, 2026
The Next ETF and Technical Tests
CryptoTicker’s framework is unambiguous: a daily close above $78,670 with volume behind it reopens $81,455 as the first upside target, with $88,000 as the next structural resistance and $100,000 held out as a stretch case contingent on a softer Fed narrative. Without that close, the setup remains a decision point rather than a confirmed trend.
On the downside, $74,450 serves as first support, but the 200-day EMA at $72,170 is the level that ultimately determines the narrative. Losing it would suggest that the entire August rally was nothing more than a bear-market bounce.
The base case for now is chop, a range between $74,450 and $78,670, while RSI cools, and the ETF prints due Monday through Wednesday are the clearest near-term tell on whether institutional demand returns or fades further.
The preceding rally itself was built on exactly this kind of sustained fund buying, as detailed in ICOBench’s analysis of the ETF-driven rally now facing its first real test.
DISCOVER: Trade Bitcoin on Binance Today
