Bitcoin and Ethereum ETFs Experience Significant Outflows

According to PANews, recent data from Lookonchain indicates a substantial net outflow from Bitcoin and Ethereum ETFs. On August 5, ten Bitcoin ETFs saw a daily net outflow of 3,858 BTC, valued at approximately $440 million. Among these, the iShares Bitcoin Trust experienced an outflow of 2,544 BTC, reducing its holdings to 738,489 BTC. Concurrently, nine Ethereum ETFs reported a net outflow of 155,688 ETH, amounting to around $566 million. The iShares Ethereum Trust alone accounted for an outflow of 101,975 ETH, bringing its holdings down to 2,927,084 ETH.