Overview

• Bitcoin ETFs drew about $179 million on Aug. 28, beating Ethereum’s roughly $39.2 million for the first time in over a week, according to SoSoValue.
• Ethereum funds had led into late August with more than $1.2 billion in net inflows, coinciding with a push to fresh all-time highs.
• ETH hit a record near $4,945 earlier this week before pulling back to around $4,333, up about 17% over 30 days as Bitcoin logged a 5.5% decline.
• Despite the recent rotation, Bitcoin ETFs still hold a far larger asset base at roughly $145 billion versus about $29–$29.5 billion for Ethereum.
• On-chain signals point to tighter ETH supply, including a roughly 10% weekly drop in Binance reserves and elevated staking activity reported this month.