Institution injects $580 million into ETF, remarks on Warsh trigger market decline
2026-08-29 08:05:07
According to CoinMeta, institutions injected approximately $580 million into ETF, but less than 24 hours later, statements from Warsh caused a significant decline in the entire market. Thursday's capital inflows showed that Bitcoin saw $242 million in inflows, Ethereum $234 million, Solana $61 million, HYPE $24 million, and Ripple $18 million. Previously, buyers had just returned after experiencing capital outflows during the summer, with the peak outflow exceeding $800 million per day. The hawkish statements from Warsh led to declines in each major cryptocurrency: Bitcoin fell by 3%, Ethereum by 2.8%, Solana by 4.5%, and XRP by nearly 5%.
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