ETH ETFs See Inflows; BTC ETFs See Outflows Ahead of Powell Speech

Cryptocurrency markets moved into a cautious, risk-off mindset ahead of key macro events, with Bitcoin dipping below the 114,000 level and Ethereum fluctuating near 4,200 to 4,300 as investors awaited Federal Reserve Chairman Jerome Powell’s speech and the release of FOMC minutes. The move underscored how crypto assets remain highly sensitive to traditional-market cues, while institutional flow trends showed a striking split: Ethereum-focused exchange-traded funds attracted fresh inflows, even as Bitcoin-linked funds saw continued redemptions.

Bitcoin’s price action reflected a broad rotation away from risk as traders booked profits and rebalanced positions in anticipation of Powell’s remarks and the Jackson Hole agenda. Ethereum also faced selling pressure, but market observers noted a contrasting dynamic in the infrastructure around the token: the emergence of a steady stream of institutional capital into Ethereum ETFs and related products, even as Bitcoin ETFs faced outsized withdrawals.

The week’s record ETF flows painted the clearest picture of shifting institutional sentiment. Ethereum spot ETFs recorded cumulative inflows that surpassed several prior milestones,...