08/29/2026
Aug 29: Bitcoin ETFs See $202 Million Outflow, Ending 9-Day Inflow Streak
Nvidia Reports $96.2B Q2 Revenue, Projects 70% Growth for FY2028 · Charles Schwab to Expand Crypto Trading to Solana, Avalanche, and Chai · Bitwise Solana ETF Becomes First to Surpass $1 Billion AUM
Market Snapshot
- Bitcoin (BTC): $77,583.75 (-2.31% 24h)
- Ethereum (ETH): $2,434.35 (-2.57% 24h)
- Solana (SOL): $103.62 (-1.20% 24h)
- Notable number: US spot Bitcoin ETF assets slipped below $100B to $97.6B after $201.8M in net outflows Friday.
Top Stories
- Charles Schwab to Expand Crypto Trading to Solana, Avalanche, and Chainlink
- Bitwise Solana ETF Becomes First to Surpass $1 Billion AUM
- Bitcoin ETFs See $202 Million Outflow, Ending 9-Day Inflow Streak
- Nvidia Reports $96.2B Q2 Revenue, Projects 70% Growth for FY2028
Key Takeaways
- Traditional finance continues to embrace crypto, with Schwab's expansion and Solana ETF growth signaling deeper institutional involvement.
- ETF inflows and outflows remain volatile but do not necessarily reflect broader investor sentiment; longer-term trends remain positive.
- AI infrastructure demand is driving record revenues for Nvidia, but market participants are divided over the sustainability of current growth rates.
- Product innovation in both crypto (staking ETFs) and AI (rack-scale systems) is accelerating, with established players and new entrants vying for market share.
What to Watch
Investors should monitor Schwab's timeline for launching SOL, AVAX, and LINK trading, as well as any future moves into stablecoins. The trajectory of Solana ETF inflows versus price performance warrants attention, especially if market volatility persists. In AI, Nvidia's Q3 results and AMD's ramp-up of Helios deployments will be key indicators of whether current growth projections are sustainable or at risk of overheating.