Bitcoin and Ethereum ETFs See Major Losses in Big Week for Crypto

Highlights:

• Bitcoin ETFs saw $812M in outflows, wiping out a week of steady gains.
• Ether ETFs broke a 20-day inflow streak with a $152M outflow, led by Grayscale ETHE.
• These outflows came during a week of major regulatory changes in the crypto market.

On August 1, spot Bitcoin (BTC) exchange-traded funds (ETFs) saw massive outflows totaling $812 million. It marked the second-biggest one-day loss in the history of Bitcoin ETFs. The heavy outflows completely wiped out a full week of steady gains, reducing total net inflows to $54.18 billion. According to SoSoValue, total assets under management (AUM) fell to $146.48 billion, representing 6.46% of BTC’s market cap.

On Friday, Fidelity’s Bitcoin ETF (FBTC) led the sell-off with $331.42 million in outflows. ARK 21Shares Bitcoin ETF (ARKB) closely followed, losing $327.93 million. Grayscale Bitcoin Trust (GBTC) recorded $66.79 million in redemptions, while BlackRock’s iShares Bitcoin Trust (IBIT) saw a much smaller decline of $2.58 million. Trading activity stayed strong, with total volume across all spot BTC ETFs reaching $6.13 billion. BlackRock’s IBIT contributed $4.54 billion to this figure, showing ongoing investor interest despite the recent outflows.

On August 1, spot Bitcoin ETFs saw a total net outflow of $812 million, marking the second-largest single-day outflow in history. The largest outflow came from Fidelity’s ETF (FBTC), which recorded a net outflow of $331 million. Spot Ethereum ETFs also experienced a total net… pic.twitter.com/laB1P3wJH7

— Wu Blockchain (@WuBlockchain) August 2, 2025

Ether ETFs See $152M Outflow, Ending Record 20-Day Inflow Streak

Spot ETH ETFs ended their longest inflow streak on Friday, recording a $152.26 million outflow after 20 days of continuous gains. Assets under management dropped to $20.11 billion, which now equals 4.70% of Ethereum’s total market cap.

Grayscale’s Ethereum Trust (ETHE) led the outflows, losing $47.68 million. Bitwise’s Ethereum ETF (ETHW) was next, posting a $40.30 million decline. Fidelity’s ETH Fund (FETH) also saw $6.17 million in withdrawals. Meanwhile, BlackRock’s iShares Ethereum Trust (ETHA) held firm, with no inflows or outflows and assets steady at $10.71 billion. Total trading volume across all spot Ethereum ETFs reached $2.26 billion for the day, with Grayscale’s product leading the way with $288.96 million in trades.

Crypto Market Faces Outflows During Major Week of Regulatory Changes

ETFStore President Nate Geraci said it was a strange way to end what might be the most important week ever for crypto. He pointed to key developments like in-kind redemption approvals, exchange-backed ETF fast-track filings, and the SEC’s launch of Project Crypto.

Spot eth ETF record inflow streak is *over*…

Ends after 20 days.

Big outflows from spot btc ETFs as well.

Odd way to end what was perhaps most important week *ever* for crypto.

At least from a regulatory perspective.

“Sell the news.”

— Nate Geraci (@NateGeraci) August 2, 2025

The U.S. Securities and Exchange Commission made several policy changes during the week. It began by approving in-kind creation and redemption for spot BTC and ETH ETFs. With this change, ETF shares can now be exchanged directly for the actual crypto assets instead of using cash. This helps reduce costs and allows the ETFs to more closely follow the prices of Bitcoin and Ethereum.

On the same day, Cboe filed to approve standard rules for listing crypto ETFs. SEC Chair Paul Atkins also launched Project Crypto, aimed at updating old rules for blockchain markets and tokenized finance. In a Thursday speech, he urged clear guidelines on which tokens are securities and easier paths to launch regulated crypto products.

Even with Friday’s ETF outflows, both BTC and ETH finished July with solid gains. BTC ended the month above $116K, hitting a new monthly record, before slipping to nearly $114,000 on Saturday. Ethereum ended July at $3,700, reaching price levels last seen in March and December last year, though it later dropped to about $3,500.