The recent movements in the cryptocurrency market have brought significant attention to Bitcoin and Ethereum Exchange Traded Funds, particularly concerning their recent outflows. On August 5th, the U.S. Bitcoin spot ETF experienced a net outflow of 333 million, marking the third consecutive day of such a trend. This outflow was primarily led by BlackRock's Bitcoin spot ETF IBIT, which saw a substantial net outflow of 292 million, though its cumulative net inflow remains robust at 57.3billion. Fidelity's FBTC also contributed to this trend with a 40.06 million net outflow. In contrast, Bitwise's BITB managed to secure a net inflow of 18.74million, standing out as the only Bitcoin ETF to attract capital on that day. The total net asset value of Bitcoin spot ETFs currently stands at 147.96 billion, representing 6.46% of the total Bitcoin market capitalization, with a cumulative net inflow of 53.85billion.

Simultaneously, the Ethereum spot ETF faced an even more dramatic situation, recording a record-setting single-day net outflow of 465 million, extending its net outflow streak to two days. BlackRock's Ethereum spot ETF ETHA accounted for a significant portion of this, with a net outflow of nearly 375million

Despite these recent movements, the total net asset value of Ethereum spot ETFs is 20.47billion,makingup4.7020.47 billion, making up 4.70% of the total Ethereum market capitalization, with a cumulative net inflow of 20.47billion,makingup4.709.02 billion. These figures highlight a period of significant capital reallocation within the crypto ETF landscape, prompting investors to closely monitor the evolving dynamics between these major digital assets. #BTCReserveStrategy #BTCUnbound