The long-awaited bull market has yet to appear. Recently, Bitcoin and Ethereum spot ETFs have once again shown a net outflow. The data of the US spot Bitcoin ETF and spot Ethereum ETF (August 29) are as follows:
Spot Bitcoin ETF: GBTC net outflow of US$22.7 million; EZBC and BTC have no inflow or outflow of funds.
Spot Ethereum ETF: ETHE net outflow of US$5.3 million; ETH net inflow of US$3.6 million; EZET has no inflow or outflow of funds.
Entering September, the potential factors affecting the market trend will revolve around whether the Federal Reserve will cut interest rates, and the US election Trump Harris arm wrestling will have a great impact on the market.