Crypto markets continue to face pressure as Spot Bitcoin and Ethereum ETFs experience significant losses due to recent market fluctuations.
Spot Bitcoin ETFs Outflows
On August 15, Spot Bitcoin ETFs recorded net outflows of $14.13 million. Nonetheless, these products still hold $54.97 billion in cumulative inflows with $3.28 billion traded overall. The previous week saw inflows of $547.82 million, indicating sustained long-term interest. Only iShares Bitcoin Trust (IBIT) reported gains, adding $114.40 million, while Grayscale Bitcoin Trust (GBTC) faced significant redemptions of $81.82 million.
Spot Ethereum ETFs Trends
A more significant shock came from Spot Ethereum ETFs, which lost $59.34 million on August 15 after a record inflow of $1 billion on August 8. Despite this, the funds still boast $12.67 billion in cumulative inflows. iShares Ethereum Trust (ETHA) led among providers with $338.09 million inflow, while Fidelity Ethereum Fund (FETH) reported the largest outflow of $272.23 million. The ETH price faced a crash, dropping 4.11%, which was a major trigger.
Comparison of Bitcoin and Ethereum ETFs
In terms of comparison, Spot ETH received inflows of $5.43 billion in July and added $3.03 billion so far in August. In contrast, Spot Bitcoin ETFs recorded inflows of $6.02 billion in July but have seen a slight reversal with $17.67 million outflows this month, indicating a shift in investor interest towards Ether products.
The latest BTC and ETH news highlight the sensitivity of ETFs to significant macroeconomic triggers such as U.S. PPI data. Both Bitcoin and Ethereum ETFs experienced single-day outflows amidst a recent market downturn, but ETH maintained stronger weekly momentum, indicating a shift in investor interest toward the best performing crypto ETF.
