Bitcoin, Ethereum ETFs See Mixed Flows As Donald Trump Doubles Down On Crypto

On August 5, cryptocurrency ETFs experienced mixed flows, with Bitcoin spot ETFs seeing significant net outflows of $168 million, primarily from Grayscale's GBTC and ARK 21Shares' ARKB. In contrast, Ethereum spot ETFs recorded a total net inflow of $48.7264 million, largely driven by BlackRock's ETHA. These movements coincide with Donald Trump's reaffirmed stance on prioritizing crypto development in the U.S., likening it to AI's importance and warning against falling behind other nations.