Overview

• Spot Bitcoin ETFs suffered $812.25 million in outflows on August 2, pulling total net inflows down to $54.18 billion and trimming assets under management to $146.48 billion, or about 6% of Bitcoin’s market cap.
• Fidelity’s FBTC and ARK Invest’s ARKB drove most of the withdrawals, together accounting for roughly $659 million in redemptions.
• Spot Ethereum ETFs posted $152.26 million in outflows, ending their longest inflow run and reducing AUM to $20.11 billion, or 4.7% of Ethereum’s market value.
• Grayscale’s ETHE, Bitwise’s ETHW, and Fidelity’s FETH all recorded losses today, while BlackRock’s ETHA held steady amid the pullback.
• Despite the heavy redemptions, ETF trading remained robust with over $6 billion in volume, led by activity in BlackRock’s IBIT.