Market Overview
Crypto majors open the week with a firmer bid. Bitcoin trades at $78,315, up 0.9% over 24 hours and holding a 13.7% gain for the month despite a 0.6% weekly drift lower. Ether sits at $2,446.64, up 1.2% intraday but still 3.7% underwater on the week. Solana is the standout, adding 1.6% to $103.37 and extending its weekly gain to 9.2%. The tape suggests early positioning ahead of month-end rebalancing, with issuer flow data for Monday's session not yet published — Friday, August 28 remains the most recent settled read.
ETF Flows Recap
Spot crypto ETFs registered +$75.9M ↑ in net inflows in the settled Friday, August 28 session, according to InflowScan data. Ethereum products drove the tape while bitcoin funds saw offsetting flows on both sides of the ledger — a split more consistent with rotation than directional conviction.
Top inflows:
Top outflows:
The concentration is striking. BlackRock's two ether products alone accounted for $130.2 million of gross inflows — more than the day's entire net figure — while its flagship IBIT sat on the outflow list. That intra-issuer split points to allocator rebalancing rather than a broad-based ether bid. On the bitcoin side, ARKB's inflow partially offset the BITB and IBIT redemptions, leaving BTC products roughly flat on a net basis.
Newer data for Monday's session is still settling and will report in tomorrow's brief.
Asset Price Analysis
Bitcoin defends the $78,000 handle after a week of chop, with the 30-day gain of 13.7% still doing most of the heavy lifting for month-end performance attribution. Near-term resistance sits at the recent $80,000 pivot; support is layered at $76,500 and then the mid-$74,000 area that capped the mid-August drawdown.
Ether's price action tells a different story than its flow tape. Despite Friday's ETF inflows, ETH is down 3.7% on the week and trades below the $2,500 pivot that acted as support through much of August. The disconnect between primary-market ETF demand and secondary-market price suggests spot ETF flows are being absorbed by profit-taking elsewhere in the ether stack — a dynamic historically associated with distribution phases rather than fresh accumulation.
Solana continues to lead the majors. The 15.6% monthly gain and 9.2% weekly advance to $103.37 point to relative-strength positioning ahead of any structural developments around SOL ETF products, though issuer flow data across the SOL complex was not yet reported for Friday's session. XRP at $1.37 is up 8.4% on the month, with weekly action grinding higher on modest volume.
Stablecoin Flows
Stablecoin supply data shows a $114.9 million USDT expansion offset by a $234.6 million USDC contraction over 24 hours, according to InflowScan data. Aggregate stablecoin float sits at roughly $257.4 billion. The mix shift — USDT up, USDC down — is consistent with the pattern seen through much of August, where offshore-oriented dry powder builds while on-shore stablecoin balances trim.
Outlook
Watch three things in Monday's session. First, whether Friday's ether ETF bid carries into the new week: if ETHA and ETHB register a second consecutive net-positive day while ETH price fails to reclaim $2,500, the flow-price divergence becomes the story. Second, bitcoin's behavior around the $78,000-$80,000 range — a clean break above $80,000 on flow support would reset the near-term structure, while a failure to defend $76,500 opens the door to a retest of mid-August lows. Third, month-end rebalancing prints in the settled data due Tuesday morning; August's cumulative flow picture, particularly the IBIT-versus-ETHA split, will frame the September setup.
Key data point on the calendar: the FOMC minutes release later this week and any Treasury refunding commentary that could shift the DXY tape. No confirmed crypto-specific regulatory catalysts are on today's calendar.