Well, you see, the market’s a funny old beast-and last Friday, it decided to walk away from Spot Bitcoin and Ether ETFs like a mule flinging back its head. The Federal Reserve tossed out some fresh inflation numbers, and lo and behold, prices were sneaking upward, just like weeds in a drought, all under the watchful eye of President Trump’s tariff hammer.
Now, if you listen to the folks over at SoSoValue, Ether ETFs packed their bags and hauled off $164.64 million, undoing five days straight of folks pouring $1.5 billion into the place. Talk about a case of buyer’s remorse; like a flat tire on a dusty road, things just stopped rolling smooth.
Bitcoin ETFs weren’t about to lag behind either-they shucked away $126.64 million, the first time they showed a frown since August 22. Ethereum held tight at $28.58 billion, while Bitcoin sat back with a hefty $139.95 billion, though looking a bit less shiny today.
Fidelity’s FBTC took the hardest fall, dropping $66.2 million in a single day, like a dog reluctant to fetch. ARK Invest and 21Shares’ ARKB followed suit, pulling back $72.07 million, while Grayscale’s GBTC saw $15.3 million head for the exit. Meanwhile, a few hopeful souls-BlackRock’s IBIT and WisdomTree’s BTCW-whispered sweet nothings, picking up $24.63 million and $2.3 million respectively, trying to catch a falling knife with grace.
The Fed’s Hot Potato: Inflation’s Heating Up Like a Summer Barn Dance
The wind shifted when the Fed dropped its inflation gospel, the core Personal Consumption Expenditures (PCE) index, showing a 2.9% annual rise in July-most fiery since last February. It was no surprise, the numbers matching whispers on the street, all pointing fingers at Trump’s tariff tango, squeezing import prices like a squeeze box at a hoedown.
With a 10% tariff slapped on most imports and some extra layers of duties seasoning the pot, it’s no wonder prices felt the burn. Energy prices gave the big picture a bit of a breather, but services? They took a 3.6% leap year-over-year like a barn cat chasing shadows.
Still, despite inflation’s fresh boots in the dance hall, the market’s betting on the Fed trimming rates next round, especially if the job scene starts looking weaker than a scarecrow in a storm, according to the ever-watchful CNBC commentators.
Ether ETFs Make a Comeback, Corporate Bigwigs Toss Their Hats in the Ring
Since July 2024, Ether spot ETFs have been climbing steady, like a farmer eyeing the sun-net inflows jumping 44% in August from $9.5 billion to $13.7 billion. The word among the wise is that the old institutional crowd’s found new love in Ether after watching Bitcoin hog the limelight a while.
Meanwhile, companies are piling up 4.4 million ETH in their treasuries-over $19 billion worth-holding their share proudly at about 3.7% of the entire pie, if you trust StrategicETHReserve’s reckonings.
Fabian Dori, the Sygnum chief investment mind, told CryptoMoon that after a spell of feeling blue next to Bitcoin’s shine, Ethereum’s struttin’ back into town, winning back attention and respect as a valuable prize. Like a tough old workhorse, it’s earned its keep and folks are starting to notice again.
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2025-08-30 10:15