Bitcoin keeps whipsawing around $77,000, and ETF investors are doing the same

US spot Bitcoin ETFs returned to inflows Wednesday, extending a four-session pattern of investors repeatedly switching between buying and selling.

Data from SoSoValue shows that the funds attracted $101.2 million on Sept. 2 after losing $236.5 million a day earlier. That followed $216.7 million in inflows on Aug. 31 and $201.9 million in withdrawals on Aug. 28, leaving the group without sustained direction since its previous inflow streak ended.

Bitcoin’s price has been similarly unsettled. BTC closed Aug. 27 around $80,268 before falling to $77,821 the following day, recovering to $78,553 on Aug. 31 and slipping back toward $77,300 by Sept. 2.

Despite this market choppiness, Bitcoin ETFs have attracted more than $3 billion in fresh capital over the past 30 days. This has contributed to BTC price rising by 22% during this reporting period.

Ether, XRP and Solana break lengthy inflow streaks

The uneven Bitcoin flows contrast with a much cleaner trend elsewhere in the crypto ETF market, where Ethereum, XRP and Solana funds continued attracting capital even during Bitcoin’s weaker sessions.

However, that changed on Wednesday when the major altcoin products registered their first outflows in nearly two weeks.