Bitcoin News: BTC ETF Inflow Streak Snaps With Outflow
Bitcoin News: ETF Inflow Streak Snaps After 9 Days, BTC Slides
In the latest Bitcoin News, U.S. spot Bitcoin ETFs posted $201.81 million in net outflows on August 28, ending a nine-session run of ETF Inflows Today.
According to data cited from SoSoValue and shared by Crypto Banter on X. The reversal came in the same window as Federal Reserve Chair Kevin Warsh's hawkish Jackson Hole speech, which weighed on broader risk sentiment. 
Spot Ethereum ETF Inflows told a different story, pulling in $102.18 million on the same day and stretching the category's own run to 10 consecutive sessions.
Spot Ethereum ETF Inflows reached $234.5 million on the same day, the The nine-day Bitcoin ETF Streak, which began on August 17, has now brought in a cumulative $3.04 billion, though the run has depended heavily on BlackRock's dominance in recent sessions.
BTC Price Today And Market Snapshot
Asset | Price Today | 24H Change | Market Cap |
Bitcoin (BTC) | $77,583.97 | -2.5% | $1.558 Trillion |
Ethereum (ETH) | $2,435.59 | -2.8% | $293.91 Billion |
Source: CoinGecko Token Utility of Bitcoin
Why Did Bitcoin Fall After Kevin Warsh's Jackson Hole Speech?
The Kevin Warsh Jackson Hole reaction turned negative once the Fed Chair struck a hawkish tone, stating inflation trends had not meaningfully improved despite a resilient labor market.
BTC slipped roughly 3% following the address, with the broader Crypto News landscape reporting that altcoins and major digital assets shed value alongside it.
Separately, an account named Crypto Rover claimed on X that a trader opened a $47 million BTC short position just ahead of the speech. 
This has not been verified through any on-chain or named institutional source and should be treated as community speculation, not confirmed fact.
US Strategic Bitcoin Reserve: What Is The Fort Knox Bill?
A related headline resurfaced this week around the US Strategic Reserve.
Pete Rizzo also covered this post on X, pointing to Fox News coverage of Congressman Nick Begich's proposal to have the federal government hold 5% of total BTC supply, or roughly 1 million coins, calling it a "new Fort Knox." 
It is important to note this Fort Knox Reserve Bill, formally called the American Reserve Modernization Act, remains a proposal and has not been signed into law.
A Fox Business report confirms Begich's plan would match the same percentage the US currently holds in gold reserves.
Expert Opinion
Market analysts suggest the combination of strong ETF Inflows and macro uncertainty from the Fed could keep volatility elevated in the near term.
The Fort Knox Reserve Bill, if it advances through Congress, may add a longer-term structural demand narrative, though analysts caution this outcome remains uncertain and speculative at this stage.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Crypto markets are volatile; readers should conduct their own research before making investment decisions.
