Like a mule stubborn in the mud, US spot crypto ETFs decided to take a detour into August with nearly a billion dollars spit out like sunflower seeds on a hot summer’s day. They had just finished a July that felt like hitting the jackpot, but now? Nah, just a wry smile and a pocketful of regrets.
Data from SoSoValue — yes, that’s the name, no, it’s not a typo — showed that investors dumped a hefty $812 million from 12 US-listed Bitcoin ETFs in one fell swoop on August 1st. A grand day for a run-on, the worst since five months ago when everyone thought the sky was falling and the pigs were flying. Second-worst this year, just to keep things interesting like a soap opera.
Crypto ETF Outflows: The Big Splash After a Historic July — Well, That Escalated Quickly
Ethereum ETFs, those shiny new toys that just couldn’t get enough of the limelight, also decided to turn away from the party, and not politely. Out went $153 million — enough to buy a small country — ending a streak of 20 days of inflows like a drunk at closing time. During their glory days, they pulled in over $5 billion, enough to fund a small empire or buy a yacht with a lot of zeros.
This about-face comes riding in on the tail of July’s fireworks, where the crypto world strutted around with confidence, pulling in a cool $12.8 billion — enough to buy a lot of pizza — with an average of $600 million a day. Yup, the good times rolled, and everyone was smiling like a kid in a candy store — until reality knocked, and the candy was just sugar pills.
Big players like Bitcoin and Ethereum, the stars of the show, were spreading the love and the cash. The inflows were like a tidal wave, dwarfing what even the heavy hitters like Vanguard’s S&P 500 ETF could muster. A real head-scratcher, especially since the bigwigs in regulation were shaking things up — or so they claimed.
China may be eating their dim sum, but in the US, SEC Chair Paul Atkins was busy cooking up “Project Crypto,” a shiny new regulatory scheme to make everything squeaky clean, or at least that’s the idea. His words? Something about making America the crypto capital of the world, because why not aim for the stars when you’re already dreaming? This guy sure knows how to promise fireworks.
“The SEC will not stand idly by and watch innovations develop overseas while our capital markets remain stagnant. To achieve President Trump’s vision of making America the crypto capital of the world, the SEC must holistically consider the potential benefits and risks of moving our markets from an off-chain environment to an on-chain one,” Atkins declared, probably with a twinkle in his eye and a twirl of his mustache.
As part of this grand plan, the SEC threw in approvals for in-kind redemptions of crypto ETFs and sped up the review process — because speed is everything in the circus we call finance.
Enter Nate Geraci, the wise owl of NovaDius Wealth, scratching his head and muttering about how these outflows are as shocking as finding a cat in a fish pond. According to him, it’s like a bear walking through a meadow of daisies — unexpected and confusing, especially given the overall bullish cheerleading in the crypto market now. He called the end of this week “surprisingly muted,” which really sounds like statistics trying to hide the chaos behind a polite smile.
Read More
- US Government’s Wild Plan: Tariffs for Bitcoin? You Won’t Believe This! 💰🚀
- You’ll Never Guess What This Crypto ETF Claims To Do For Your Portfolio! 🤑
- EUR USD PREDICTION
- FIL PREDICTION. FIL cryptocurrency
- TIA PREDICTION. TIA cryptocurrency
- CNY JPY PREDICTION
- USD ARS PREDICTION
- ETH PREDICTION. ETH cryptocurrency
- CERE/USD
- Will Shiba Inu Hit $1? Davinci Jeremie Spills the Beans!
2025-08-02 14:11