Three-Week Inflow Series for Bitcoin ETFs Ends

Spot Bitcoin exchange-traded funds (ETFs) traded in the U.S. concluded last week with a net outflow of $61.53 million, ending a three-week streak of uninterrupted inflows. Spot Ether ETFs, on the other hand, recorded a net inflow of $27.42 million, carrying over into the fourth week. Spot Solana ETFs saw an inflow of $2.82 million, while spot XRP ETFs experienced an inflow of $14.86 million. However, spot Hyperliquid ETFs recorded a net outflow of $14.75 million. In South Korea, legal discussions have begun regarding the launch of leveraged ETFs tied to individual semiconductor stocks. Allegations have been made against Kim Yong-beom, head of the Presidential Policy Office. In the UK, The Smarter Web Company increased its reserves by adding 11.89 Bitcoin, bringing its total assets to 2.712 BTC. BitGo CEO Mike Belshe initiated a 100 Bitcoin challenge to test the security capabilities of Anthropic's AI model, Claude. However, as of August 2, there were no signs that these Bitcoins had been moved.

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