ETFs Experience Record Outflows While Bitcoin and Ether Prices Recover
Bitcoin (BTC) and ether (ETH) prices have recovered some losses, but ETF flows indicate institutional reluctance. Key points include:
- Spot ether ETFs saw record net outflows of $465 million on Monday, following a $152 million drop on Friday.
- Bitcoin ETFs experienced outflows totaling $333 million after an $812 million decline the previous Friday.
- Long-term bullishness in BTC options has decreased amid concerns over U.S. inflation and labor market slowdowns.
- Analysts expect structural growth slowdown rather than recession, with Fed interest rate cuts anticipated by January 2026.
- On-chain stablecoin volume reached over $1.5 trillion in July; Uniswap v4 surpassed $100 million in trading volume.
- U.S. stock futures traded flat to positive, with gold dropping to $3,360 per ounce.
Market Movements
- BTC price: $114,615.76 (unchanged)
- ETH price: $3,661.62 (down 0.87%)
- CoinDesk 20 index: up 3.14% at 3,839
ETF Flows
- BTC ETFs: Daily net flows -$323.5 million, cumulative net flows $53.83 billion
- ETH ETFs: Daily net flows -$465.1 million, cumulative net flows $9.04 billion
Upcoming Events
- Aug. 5: Stellar Development Foundation AMA session
- Aug. 7: Circle webinar on U.S. federal payment stablecoin framework
- Aug. 15: Next FTX distribution date for certain claim holders
Technical Analysis
- XRP/ETH ratio shows potential bearish trend reversal if support line breaks.