Spot Bitcoin ETFs recorded $189M in net inflows on August 18; Hashdex's DEFI Bitcoin ETF liquidating due to low AUM and operating costs; Ethereum ETFs saw $71.5M inflows led by BlackRock's ETHA.
Macro & Markets ·
Spot Bitcoin ETFs drew $189 million in net inflows on August 18, according to SoSoValue data, while spot Ethereum ETFs recorded $71.468 million in inflows the same day, with BlackRock's ETHA capturing $64.6814 million of that total. Concurrently, Hashdex's DEFI spot Bitcoin ETF initiated liquidation proceedings, citing assets under management, trading liquidity, and operating costs as contributing factors; the fund ceased trading on NYSE Arca on August 17 ahead of eventual delisting.
The liquidation signals pressure on smaller or specialized crypto-linked ETF products despite broader inflow momentum into the Bitcoin and Ethereum spot vehicles. BlackRock's dominant share of Ethereum ETF inflows underscores concentration among larger issuers in the sector.
What remains unclear is whether additional smaller Bitcoin or Ethereum ETFs face similar headwinds, or whether the broader inflow trend will sustain beyond this reporting window.