Crypto ETFs traded broadly higher on September 1, although fund flows revealed a notable divergence between Bitcoin and other digital-asset categories. Spot Bitcoin ETFs generally gained about 1.7% for the session and remained roughly flat for the week, while retaining monthly advances of approximately 25%. Leveraged Bitcoin products posted stronger daily gains, led by MAXI at 4.2%, BITX at 3.6% and BITU at 3.4%. Despite the positive returns, the Bitcoin ETF group recorded approximately $181 million in net daily outflows, driven by withdrawals of $114.9 million from ARKB, $49.7 million from BITB and $33.4 million from IBIT. BITO partially offset those redemptions with a $43.2 million inflow. Longer-term demand remained constructive for IBIT, which attracted $938.3 million over the past week and $2.76 billion over the past month.
Ethereum ETFs also advanced, with most unleveraged funds gaining approximately 1.8%–2.0%, while leveraged products ETHU and ETHT rose 3.8% and 3.9%, respectively. Ethereum funds continued to outperform over longer periods, with most core products up about 33% over the past month and 23% over three months. The category generated approximately $48.4 million in net daily inflows, led by an $83.8 million allocation to ETHA, partially offset by $24.3 million in outflows from FETH and $16.0 million from ETHU. XRP ETFs rose modestly but remained down roughly 5.5%–6.2% for the week, while Solana ETFs posted smaller daily gains but retained strong weekly returns of approximately 5.5%–6.1% and monthly advances near 42%. XRP and Solana products attracted approximately $12.1 million and $11.9 million in net daily inflows, respectively, with BSOL accounting for most of the Solana demand. Overall, crypto ETF prices were positive, but investor allocations favored Ethereum, XRP and Solana products as Bitcoin funds experienced meaningful daily redemptions.
The cryptocurrency market began September on a modestly positive note, with total market capitalization rising 0.4% to $2.72 trillion as of 6:00 a.m. ET. The headline gain masked softer trading among several major assets: Bitcoin declined 0.9% to $77,958, Ethereum was essentially unchanged at $2,452, and Solana fell 1.1% to $102.12. Bitcoin and Ethereum were down 2.0% and 1.2%, respectively, over the past seven days, reflecting continued consolidation across the largest cryptocurrencies.
Uniswap was the clear standout, surging 10.0% to $5.69 and extending its seven-day gain to approximately 29%, signaling strong momentum within decentralized finance. NEAR Protocol advanced 4.1%, while Polkadot and Hyperliquid gained 2.3% and 2.4%, respectively. Elsewhere in DeFi, Aave rose 1.1%, while Chainlink was nearly unchanged. Metaverse tokens were mixed but generally subdued, with Axie Infinity, Klaytn and Decentraland posting modest gains as Internet Computer and Chiliz traded lower.
Among the day’s decliners, Mantle fell 5.2%, followed by UNUS SED LEO at 3.3% and Monero at 2.8%. Monero’s pullback came after strong gains on August 31 and left the privacy-focused asset up 17.7% over seven days. Pepe declined another 2.6%, extending its weekly loss to 14.8%, while Cardano and Fantom remained among the weakest Layer-1 assets over the past week, down 10.8% and 13.7%, respectively. Overall, the market entered September with a positive aggregate reading but continued to show narrow leadership, with strength concentrated in select DeFi tokens rather than the major cryptocurrencies.
