In mid-August 2025, the cryptocurrency sector experienced significant shifts in fund flows, with notable net outflows from exchange-traded funds (ETFs) and heightened whale activity affecting Bitcoin, Ethereum, and other major coins.
These inflow and outflow patterns coincided with macroeconomic changes—specifically, the release of the U.S. Producer Price Index (PPI)—which triggered a market-wide pullback and volatility.
Total Net Outflow: On August 15, crypto ETFs registered a combined $73 million net outflow, the first significant retreat after a period of sustained inflows.
Bitcoin ETFs: Posted a net outflow of $14.13 million; some funds like BlackRock’s IBIT still attracted inflows, but these were outweighed by larger redemptions from Grayscale and Ark 21Shares.
Experienced even greater net outflow, losing $59.34 million. Despite this, the month saw over $3 billion in cumulative inflows, driven by institutional accumulation before the downturn.
Context & Drivers:
The correction followed weeks of bullish momentum, particularly for Ethereum, which had recorded inflow streaks and hit high price marks.
Investor sentiment turned cautious after hot inflation data and government statements undermined speculative optimism.
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