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ETH ETF Record Inflows, Bitcoin Reversal & DeFi Exploits | Aug 28-29
Audio is available on Spreaker — see link below.
Ethereum ETFs pulled in $1.42B over nine days with BlackRock capturing 72% of inflows, while Bitcoin ETFs reversed $201.9M in a single session after Fed Chair Warsh's Jackson Hole speech. Two DeFi protocols — Moonwell and Ajna — lost a combined $9.5M in design-level exploits within 24 hours.
Audio is available on Spreaker — see link below.
BlackRock absorbed seventy-two percent of all Ethereum ETF inflows over the past nine days. That single number is the clearest signal in the market right now, and the question it raises is whether this is structural institutional conviction or something more mechanical.
On the same day Ethereum was pulling in record inflows, Bitcoin ETFs recorded two hundred and one point nine million dollars in net outflows, ending a nine-session inflow streak. The reversal followed Fed Chair Warsh's Jackson Hole speech, which pushed market-implied rate hike odds to fifty-six percent.
The complication inside the Ethereum ETF story is the spot volume data. Despite one point four two billion dollars in ETF inflows over nine days, Ethereum's spot trading volume sits at the sixteenth percentile year-on-year.
Two DeFi protocols were hit within twenty-four hours, and both incidents share a common thread. Moonwell lost eight point seven million dollars on its Base market after an attacker manipulated the illiquid MAMO token's collateral price, borrowed real assets against it, converted to DAI, and consolidated everything in a single wallet.
The near-term picture narrows to a few specific tests. Bitcoin's seventy-six thousand five hundred dollar support is the most immediate.
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