📊 Crypto Capital Flows
— Weekly Market Brief
Institutional flows reversed hard: after the strongest ETF week since June, BTC ETFs gave back roughly half of it in five days, while ETH ETFs went flat, and on-chain exchange flows flipped to net BTC inflows, a two-sided warning.
• $BTC ETF flows: The week opened with -$144.6M on Aug 10, a token +$7.8M on Aug 11, then -$61.1M on CPI day Aug 12, -$131.1M on Aug 13 and -$56.2M on Aug 14.
Weekly net: roughly -$385.2M, the first negative week since the July 28 FOMC week and the weakest performance of the recovery period. Notably, the outflows came on a week of good macro news, suggesting positioning-driven selling rather than macro flight.
• $ETH ETF flows: Ethereum held up far better: -$14.6M, -$1.7M, +$7.4M, +$5.9M, and flat on Aug 14, roughly -$3.0M net, essentially neutral after last week's +$244M burst. The ETH rotation narrative paused but didn't break; spot ETH outperformed BTC on the week.
Exchange Netflow: On-chain data turned negative for BTC: roughly +16.5K BTC net flowed INTO exchanges over Aug 10-16, the heaviest weekly inflow since the flush, a sign of supply moving toward sell-side liquidity.
ETH painted a roughly flat picture at +5.1K ETH with a violent two-sided week: a -55.8K outflow print was almost fully offset by a +43.0K inflow day.
The flow mosaic flipped from last week: ETF demand is no longer absorbing exchange inflows. The offsetting bid now comes from corporates, BitMine pushed its ETH stack to 5.81M ETH, lifting total listed-company ETH holdings to 7.82M ETH, and from persistent reports of U.S. spot weakness: AMBCrypto flags an extended negative Coinbase Premium as a 90-day warning on American demand.
— Weekly Market Brief
Institutional flows reversed hard: after the strongest ETF week since June, BTC ETFs gave back roughly half of it in five days, while ETH ETFs went flat, and on-chain exchange flows flipped to net BTC inflows, a two-sided warning.
• $BTC ETF flows: The week opened with -$144.6M on Aug 10, a token +$7.8M on Aug 11, then -$61.1M on CPI day Aug 12, -$131.1M on Aug 13 and -$56.2M on Aug 14.
Weekly net: roughly -$385.2M, the first negative week since the July 28 FOMC week and the weakest performance of the recovery period. Notably, the outflows came on a week of good macro news, suggesting positioning-driven selling rather than macro flight.
• $ETH ETF flows: Ethereum held up far better: -$14.6M, -$1.7M, +$7.4M, +$5.9M, and flat on Aug 14, roughly -$3.0M net, essentially neutral after last week's +$244M burst. The ETH rotation narrative paused but didn't break; spot ETH outperformed BTC on the week.
Exchange Netflow: On-chain data turned negative for BTC: roughly +16.5K BTC net flowed INTO exchanges over Aug 10-16, the heaviest weekly inflow since the flush, a sign of supply moving toward sell-side liquidity.
ETH painted a roughly flat picture at +5.1K ETH with a violent two-sided week: a -55.8K outflow print was almost fully offset by a +43.0K inflow day.
The flow mosaic flipped from last week: ETF demand is no longer absorbing exchange inflows. The offsetting bid now comes from corporates, BitMine pushed its ETH stack to 5.81M ETH, lifting total listed-company ETH holdings to 7.82M ETH, and from persistent reports of U.S. spot weakness: AMBCrypto flags an extended negative Coinbase Premium as a 90-day warning on American demand.