Bitcoin ETFs Don See $812M Flow Comot, Ether ETFs Don End Inflow
Spot Bitcoin ETFs record one $812 million net outflow for August 1, na which be their second-biggest withdrawal for one day, e push asset wey dey under management go down to $146.48 billion (6.46% of Bitcoin market cap). Big redemptions hit Fidelity's FBTC and ARK Invest's ARKB, even as trading volumes remain strong at $6.13 billion. Spot Ether ETFs stop 20-day inflow streak with $152.3 million outflows, reduce AUM to $20.11 billion (4.70% of Ether market cap). Meanwhile, corporate treasuries don dey gather Ether at twice the speed of Bitcoin since June, get about 1% of ETH circulating supply. Analysts talk say despite short-term profit-taking and ETF outflows, steady institutional demand and DeFi incentives fit support long-term growth for Bitcoin ETFs and Ether ETFs.
Bearish
Di big $812 million wey dem comot from Bitcoin ETFs na beta withdrawal for investor money, e dey show say people dey cautious and e fit make Bitcoin price fall small for short term. Ether ETFs sef dey do profit-taking after long time wey money enter, but companies wey dey still dey gather ETH plus strong DeFi incentives fit balance am well for longer time. Overall, market feeling now tight for bearish side because of heavy ETF withdrawals, but steady institutional demand fit make price stable later.