1159 ET - A streak of investor capital coming back into bitcoin ETFs was snapped on Friday, according to data from CoinGlass. An outflow of $201.9 million was recorded for bitcoin ETFs on Aug. 28, breaking a two-week streak of inflows into those ETFs. ETF activity has been an indicator of institutional investor interest in cryptocurrencies, which has been low through the first-half of the year as money flowed into more lucrative assets like AI and semiconductor stocks. Investor risk appetite has since changed, making assets like bitcoin and gold more attractive to institutional money - although bitcoin appears to have found resistance around the $80,000 mark. It's down 0.1% to $78,530.
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