July was a big win for crypto ETFs. Money was flowing in like never before, with Bitcoin and Ethereum funds pulling in around $600 million a day. But as August rolled in, the mood changed fast. Investors suddenly started pulling money out, and the numbers are hard to ignore.
On the very first Friday of August, Bitcoin ETFs lost over $812 million. Ethereum ETFs followed with $152 million in outflows. This was one of the worst days for both types of funds in months.
For Bitcoin, it was the second-worst day on record.
The change feels sharp because it comes right after such a strong July. It is clear that people are reacting to something, and the shift could be short-term or part of a bigger trend.
Who Handled The Crash Best
Not every fund felt the same hit. BlackRock’s IBIT, which is the biggest Bitcoin ETF out there, stayed calm with only a $2.6 million dip. In comparison, Fidelity’s FBTC and Ark’s ARKB both saw drops of $330 million each.
Other major players like Grayscale and Bitwise also had millions leave their funds, and not a single ETF showed any inflows that day. That’s rare. Usually, when some funds dip, others gain. But this time, everyone felt the pressure.
Ethereum ETFs told the same story. BlackRock’s ETHA stayed flat, showing no major movement. But Bitwise’s ETHW lost $40 million, and Grayscale’s ETHE dropped $37 million.
This tells us something important. When markets get shaky, investors seem to trust BlackRock’s funds more than others.
What Comes Next Is Big
Some experts think this could just be a short-term pause. The last week of July saw major news around crypto regulations. That could have led some investors to pull back, just to wait and watch.
Meanwhile, there’s still new energy coming in. Fund managers are pushing for Solana ETFs, and Rex-Osprey just launched a new staked crypto ETF using a creative regulatory path.
Even if August started slow, there’s still a lot of movement behind the scenes.
So while the first few days of August looked rough, it does not mean the ETF boom is over. It could just be cooling off before the next wave hits.
To conclude, big outflows hit crypto ETFs at the start of August, but not every fund felt the same pain. BlackRock stayed strong while others lost big.
With new ETFs in the works, the space continues to grow. Investors are watching closely, not running away.
