Spot BTC & ETH ETFs See Outflows Amid Inflation Concerns
Recent data reveals significant outflows from both spot Bitcoin (BTC) and Ether (ETH) ETFs. ETH ETFs experienced net outflows of $164.64 million, ending a five-day inflow streak. BTC ETFs also saw negative flows totaling $126.64 million.
These outflows correlate with the Federal Reserve's inflation data, showing a 2.9% annualized rise in July, linked to trade tariffs increasing import costs.
Despite short-term volatility, institutional interest in Ethereum remains robust, with August inflows up 44%. This indicates sustained adoption and a positive long-term outlook for digital assets.