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Bitcoin ETF Inflows Slow, Ethereum Sees Heavy Outflows Amid Market Uncertainty

Guavy AI Editorial Team
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US spot Bitcoin ETFs attracted $26.3 million in net inflows on August 3, marking a modest recovery from heavy redemptions at the end of July.

The influx was led by BlackRock's iShares Bitcoin Trust (IBIT), Fidelity's Wise Origin Bitcoin Fund (FBTC) and Grayscale's Bitcoin Trust (GBTC).

Bitcoin funds had seen significant outflows, with approximately $265 million in net redemptions on July 31.

In contrast, spot Ethereum ETFs recorded a net outflow of $106.1 million, extending a recent slowdown after Ethereum products significantly outperformed Bitcoin ETFs throughout July.

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