US-listed Bitcoin ETFs demonstrated remarkable resilience during the week ending September 4, attracting $986.9 million in net inflows according to SoSoValue data, representing a 6.7% increase from the previous week's $924.5 million. This performance stands in stark contrast to the broader cryptocurrency market, where altcoin funds experienced dramatic declines of 73-96% during the same period. The sustained institutional demand for Bitcoin ETFs comes despite the cryptocurrency's recent volatility, with Bitcoin falling below $80,000 after stronger-than-expected US employment data lifted Federal Reserve rate-hike expectations. The latest ETF flows show $174 million in net inflows for the latest session, indicating continued institutional interest despite the price decline. Farside Investors reported that BlackRock's IBIT accounted for $454 million of the September 3 inflows, which totaled approximately $731 million - the biggest inflow day since January. The accumulation aligned with stronger demand across the broader ETF market, which recorded net inflows for three consecutive days with the latest session attracting $174 million.
The probability of a 25 basis point rate hike at the September 15-16 FOMC meeting has surged to 61%, up from 52% before the employment data was released. The US Bureau of Labor Statistics reported that nonfarm payroll employment increased by 162,000 in August, well above the average monthly gain of 31,000 recorded over the previous 12 months, while the unemployment rate held at 4.1%. Citigroup consequently moved its forecast for the Fed's next rate cut to June 2027 from October 2026. The federal funds rate currently sits at 3.50% to 3.75% after three cuts in 2025, with a September hike marking the first increase since July 2023, ending the longest pause since before the pandemic tightening. Higher rate expectations also pushed Treasury yields upward and supported the dollar, creating pressure on non-yielding and risk-sensitive assets. However, mixed macro signals emerged during the week, with Bitcoin reaching its highest price since May 12 after dovish comments from Federal Reserve Governor Christopher Waller, before the strong employment report prompted traders to increase bets on a potential Fed rate hike.
The week ending September 4 marked a significant milestone for Bitcoin ETFs, with $3.8 billion flowing into spot Bitcoin ETFs over the period, according to The Wolf Of All Streets data. Bitcoin itself gained +2.58% over the five-day stretch, opening Friday at its highest level since May 12. The sustained institutional demand comes despite the cryptocurrency's recent volatility, with Bitcoin falling below $80,000 after stronger-than-expected US employment data lifted Federal Reserve rate-hike expectations. The daily relative strength index stood at 66.28, below the overbought threshold of 70, showing that upward momentum had cooled as the price struggled below resistance. However, the Aroon indicator offered a more constructive signal, with Aroon Up measured at 85.71% compared with an Aroon Down reading of 7.14%, indicating that recent highs remain more influential than recent lows despite the pullback. On the 4-hour chart, Bitcoin continued to trade above the Supertrend line at $78,190, with the indicator remaining bullish while the price holds above that level, making the $78,000–$78,200 area the first technical support zone.
The contrasting performance between Bitcoin and altcoin ETFs was particularly pronounced during the week ending September 4. While Bitcoin funds maintained their strong performance, Ethereum, Solana, XRP, and Hyperliquid products experienced dramatic declines of 73-96% in their weekly inflows. This reversal followed a strong performance the previous week, when Solana products jumped 443% to $153.9 million, XRP funds climbed 178% to $110.5 million, and Hyperliquid funds reached $56.9 million. The shift points to slower buying rather than investors pulling capital out, as none of the five products recorded net outflows during the week. Solana ETFs pulled in just $6.2 million, XRP funds took in $19 million, and Hyperliquid funds collected $12.3 million. Trading activity also cooled across the board, with Bitcoin fund turnover dropping to $14.5 billion from nearly $19 billion, while Ethereum turnover fell to $4.1 billion. The price performance and fund-flow momentum decoupled almost entirely across all altcoin categories, suggesting traders are taking profits or simply pausing new allocations rather than a coordinated rotation out of these assets.
Bitcoin's technical indicators show the asset trading near $79,613 after touching a session high of $79,763, with the price remaining below horizontal resistance at approximately $82,504, a level that also sits close to the May swing high. The daily relative strength index stood at 66.28, below the overbought threshold of 70, showing that upward momentum had cooled as the price struggled below resistance. However, the Aroon indicator offered a more constructive signal, with Aroon Up measured at 85.71% compared with an Aroon Down reading of 7.14%, indicating that recent highs remain more influential than recent lows despite the pullback. On the 4-hour chart, Bitcoin continued to trade above the Supertrend line at $78,190, with the indicator remaining bullish while the price holds above that level, making the $78,000–$78,200 area the first technical support zone. A daily close above $82,504 would clear immediate resistance and weaken the bearish rejection setup, with the Momentum Shift Indicator suggesting that BTC's broader bullish structure remains intact.
