Bitcoin ETFs See $812M Outflows, Ether ETFs End Inflows
Spot Bitcoin ETFs recorded an $812 million net outflow on August 1, their second-largest single-day withdrawal, pushing assets under management down to $146.48 billion (6.46% of Bitcoin’s market cap). Major redemptions hit Fidelity’s FBTC and ARK Invest’s ARKB, while trading volumes remained strong at $6.13 billion. Spot Ether ETFs ended a 20-day inflow streak with $152.3 million in outflows, trimming AUM to $20.11 billion (4.70% of Ether’s market cap). Meanwhile, corporate treasuries have been accumulating Ether at twice the pace of Bitcoin since June, acquiring about 1% of ETH’s circulating supply. Analysts say that despite short-term profit-taking and ETF outflows, sustained institutional demand and DeFi incentives could support long-term growth in Bitcoin ETFs and Ether ETFs.
Bearish
The substantial $812 million outflow from Bitcoin ETFs marks a significant withdrawal of investor funds, indicating caution and potential downward pressure on Bitcoin prices in the short term. Ether ETFs also saw profit-taking after a long inflow streak, though ongoing corporate accumulation of ETH and strong DeFi incentives provide a bullish counterbalance over the longer horizon. Overall, immediate market sentiment leans bearish due to heavy ETF redemptions, but sustained institutional demand may stabilize prices later.