Crypto ETF Exodus: "Q2 rally" has ended?

On August 2-4, 2025, the spot Bitcoin and Ethereum ETFs in the US experienced massive capital withdrawals:

- Bitcoin ETFs saw a total outflow of $333M, with BlackRock’s IBIT losing $292M.

- Ethereum ETFs faced a record $465M outflow, mainly from ETHA ($375M).

-> A 20-day streak of inflows into Ether ETFs has been broken, signaling a shift in sentiment from buying to profit-taking. Investor sentiment has quickly turned.