Bitcoin ETF Flows Turn Negative on August 12 Despite Strong Weekly Net Inflows
U.S. spot Bitcoin exchange-traded funds recorded a single-day net outflow of 265 BTC, equivalent to approximately $16.97 million, on August 12. This modest outflow comes despite a robust seven-day net inflow of 4,711 BTC, valued at roughly $301.16 million, indicating that while short-term sentiment may be cautious, the broader trend of institutional accumulation remains intact. Interestingly, only BlackRock‘s IBIT achieved a net inflow on the day, with a total historical net inflow now reaching $61.172 billion, underscoring the dominant position of the world’s largest asset manager in the Bitcoin ETF space. The contrasting daily outflow against the strong weekly performance suggests that some traders are de-risking ahead of the CPI release, while long-term investors continue to view current levels as attractive accumulation zones. Meanwhile, Ethereum ETFs painted a decidedly different picture, recording a single-day net inflow of 3,823 ETH ($7.28 million) and a seven-day net inflow of 89,742 ETH ($170.83 million). This divergence highlights the shifting institutional preference toward Ethereum, possibly driven by the ongoing staking yield narrative and the proposed EIP-8361 issuance reforms. The ETF flow data will remain a critical metric to monitor for sustained price momentum, as continued inflows are essential to absorb the persistent selling pressure from short-term holders and miners.
