Bitcoin and Ethereum ETFs experienced their second-worst outflows of 2025, marking a dramatic end to a week filled with significant regulatory developments in the crypto space. Ethereum's impressive 20-day inflow streak came to a halt with a $153 million pullback, while Bitcoin funds saw $812 million withdrawn, just shy of the year's record.
Regulatory Milestones and Market Reactions
The SEC made headlines by approving in-kind redemptions for Bitcoin and Ethereum ETFs, a move that allows shares to be exchanged directly for crypto assets, enhancing efficiency and price tracking. This decision was part of a broader regulatory push, including the launch of Project Crypto, aimed at modernizing securities rules for the digital age.
Despite the outflows, both cryptocurrencies ended July on a high note. Bitcoin reached a new monthly all-time high above $116,000, and Ethereum returned to $3,700, levels last seen in late 2024.
Market Movers
- Bitcoin dipped slightly, trading at $113,840.
- Ethereum saw a more significant drop, falling to $3,510.
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