Crypto #ETFs Record $1 Billion Outflows After July Inflow Records
$BTC #ETFs lost $812.3 million on Friday, marking their worst day since February and second-worst performance ever.
$ETH ETFs shed $152.3 million, ending a 20-day inflow streak and posting their fourth-worst day since launch.
#BlackRock's IBIT and ETHA funds remained relatively stable while competitors saw massive outflows led by Fidelity and Ark.
The reversals followed July's record-breaking month with average daily inflows of $600 million across Bitcoin funds.
Fidelity's FBTC and Ark's ARKB each lost around $330 million, while Bitwise's ETHW led
$ETH fund outflows at $40.3 million.
The dramatic shift occurred during a week described as potentially the most important ever for crypto from a regulatory perspective.
Fund issuers are simultaneously seeking approval for spot
$SOL #ETFs with amended filings arriving last week.
