PANews reported on August 22nd that according to SoSoValue data, Bitcoin spot ETFs saw a total net outflow of $194 million yesterday (August 21st, US Eastern Time). The Bitcoin spot ETF with the largest single-day net inflow yesterday was the Grayscale Bitcoin Mini Trust ETF (BTC), with a net inflow of $4.9657 million, bringing the total net inflow to $1.716 billion. The second largest single-day net inflow was the Franklin Bitcoin ETF (EZBC), with a net inflow of $3.2497 million, bringing the total net inflow to $281 million. The Bitcoin spot ETF with the largest single-day net outflow yesterday was the Blackrock ETF (IBIT), with a net outflow of $127 million, bringing the total net inflow to $58.258 billion.
As of press time, the total net asset value of the Bitcoin spot ETF was US$144.481 billion, the ETF net asset ratio (market value as a percentage of the total market value of Bitcoin) reached 6.45%, and the historical cumulative net inflow has reached US$53.823 billion.


Market participants are eagerly anticipating at least a 25 basis point (BPS) interest rate cut from the Federal Reserve on Wednesday. The Federal Reserve, the central bank of the United States, is expected to begin slashing interest rates on Wednesday, with analysts expecting a 25 basis point (BPS) cut and a boost to risk asset prices in the long term.Crypto prices are strongly correlated with liquidity cycles, Coin Bureau founder and market analyst Nic Puckrin said. However, while lower interest rates tend to raise asset prices long-term, Puckrin warned of a short-term price correction. “The main risk is that the move is already priced in, Puckrin said, adding, “hope is high and there’s a big chance of a ‘sell the news’ pullback. When that happens, speculative corners, memecoins in particular, are most vulnerable.”Read more
