Investor Shift: From Bitcoin to Ether

Investor Shift: From Bitcoin to Ether

Bitcoin fell to its lowest level in nearly seven weeks, extending losses from its mid-August record. A $2.7 billion whale sell-off sparked heavy liquidations, with technicals signaling further choppy to downside action.

In contrast, Ethereum remains comparatively bullish. Ether hit a record $4,955 on Sunday before pulling back, but investor rotation is evident: in August, U.S. Bitcoin ETFs logged over $1 billion in net withdrawals, while Ether-linked funds saw $3.3 billion in inflows.

ETF Flows

Aug 25: Spot BTC ETFs → $219.1M inflows

Spot ETH ETFs → $443.9M inflows

Staked Solana ETFs → $1.5M outflows

Market Snapshot

Global crypto market cap: $3.8T, down 3.07% in the past 24 hours.

Key Developments

Chainlink x SBI Group (Japan): Partnership to advance tokenized assets & stablecoins. Despite this, LINK slid 10%.

Grayscale: Filed S-1 with SEC to convert Avalanche Trust into a spot ETF on Nasdaq. AVAX down 7% YoY, 55% below ATH.

Sharps Technology: Stock surged 70% on $400M Solana-focused digital treasury fundraise. SOL still down 8% at ~$188.

BNB Ecosystem: B Strategy targets $1B fundraise with CZ’s YZi Labs backing. BNB down 3.23% at ~$843.

Gemini x Ripple: Launching XRP cashback credit card amid U.S. regulatory headwinds. XRP down 2.37% at ~$2.91.

Outlook

Investors eye Nvidia earnings (Wed), multiple Fed speeches, and U.S. Core PCE data (Aug 29) for fresh macro signals.

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