{"id":19190,"date":"2025-08-06T15:02:15","date_gmt":"2025-08-06T15:02:15","guid":{"rendered":"https:\/\/dailywashingtoninsider.com\/index.php\/2025\/08\/06\/crypto-market-update-bitcoin-etfs-bleed-us1-46b-in-four-days-amid-stagflation-jitters\/"},"modified":"2025-08-06T15:02:15","modified_gmt":"2025-08-06T15:02:15","slug":"crypto-market-update-bitcoin-etfs-bleed-us1-46b-in-four-days-amid-stagflation-jitters","status":"publish","type":"post","link":"https:\/\/dailywashingtoninsider.com\/index.php\/2025\/08\/06\/crypto-market-update-bitcoin-etfs-bleed-us1-46b-in-four-days-amid-stagflation-jitters\/","title":{"rendered":"Crypto Market Update: Bitcoin ETFs Bleed US$1.46B in Four Days Amid Stagflation Jitters"},"content":{"rendered":"<\/p>\n

Here’s a quick recap of the crypto landscape for Wednesday (August 6) as of 9:00 a.m. UTC.<\/strong><\/p>\n

Get the latest insights on Bitcoin, Ethereum and altcoins, along with a round-up of key cryptocurrency market news.<\/p>\n<\/p>\n

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Bitcoin and Ethereum price update <\/h3>\n

Bitcoin (BTC) <\/strong>was priced at US$114,217, down by 0.8 percent over the last 24 hours. Its highest valuation on Wednesday was US$112,770, while its lowest valuation was US$114,830.<\/span><\/p>\n<\/div>\n

<\/small><\/p>\n

Bitcoin price performance, August 6, 2025.<\/em><\/p>\n

<\/small><\/p>\n

Chart via TradingView<\/p>\n

Ethereum (ETH)<\/strong> was priced at US$3,619.63, down by 1.4 percent over the past 24 hours. Its lowest valuation on Wednesday was US$3,557.78, and its highest was US$3,673.<\/p>\n<\/div>\n

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Altcoin price update <\/h3>\n
    \n
  • Solana (SOL)<\/strong> was priced at US$164.44, down by 3.9 percent over 24 hours. Its lowest valuation on Wednesday was US$161.45, and its highest was US$170.84.<\/li>\n<\/ul>\n
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    • XRP<\/strong> was trading for US$2.95, down by 3.8 percent in the past 24 hours. Its lowest valuation of the day was US$2.91, and its highest valuation was US$3.06. <\/li>\n<\/ul>\n
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      • Sui (SUI)<\/strong> is trading at US$3.41, down 4.2 percent over the past 24 hours. Its lowest valuation of the day was US$3.34, and its highest was US$3.55. <\/li>\n<\/ul>\n
          \n
        • <\/span>Cardano (ADA)<\/strong> was trading at US$0.7274, down by 3.2 percent over 24 hours. Its lowest valuation on Wednesday was US$0.7117, and its highest was US$0.751. <\/li>\n<\/ul>\n<\/div>\n
          \n

          Today’s crypto news to know <\/h3>\n

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          Bitcoin ETFs see four days of outflows as stagflation fears ramp up<\/h4>\n

          Spot bitcoin ETFs in the US recorded net outflows for the fourth day in a row, shedding nearly US$200 million on Tuesday alone. <\/p>\n

          Fidelity\u2019s FBTC and BlackRock\u2019s IBIT were the biggest sources of withdrawals, contributing to a total outflow of US$1.46 billion since last Thursday. <\/p>\n

          The trigger appears to be rising concerns around stagflation, following weaker-than-expected US service sector data. <\/p>\n

          The ISM Non-Manufacturing PMI pointed to slowing growth, declining employment, and rising prices, which represents a toxic mix for risk assets like crypto and tech stocks. <\/p>\n

          Bitcoin slipped below US$113,000 before recovering slightly, while the Nasdaq also dropped 0.7 percent on the day.<\/p>\n

          Meanwhile, bets on Federal Reserve rate cuts are growing, but uncertainty remains high. <\/p>\n

          SBI Files Japan\u2019s first Bitcoin\u2013XRP ETF application<\/h4>\n

          Japanese financial giant SBI Holdings has filed for an ETF that includes both Bitcoin and XRP, aiming to offer regulated dual-crypto exposure in Japan. <\/p>\n

          The proposed product, revealed in SBI\u2019s Q2 earnings report, would allow investors to track the performance of both assets in a single fund, a rare pairing in the global ETF space. <\/p>\n

          A second ETF proposal, the Digital Gold Crypto ETF, blends over 50% exposure to traditional gold ETFs with crypto assets backed by gold. This hybrid structure targets more conservative investors looking for crypto upside with commodity stability. <\/p>\n

          If approved, this would mark the first time XRP is included in a regulated ETF product in Japan, as it continues to face institutional barriers in the US due to its regulatory history. <\/p>\n

          Liquid staking is not a securities offering \u2014 SEC clarifies<\/h4>\n

          In a major development for the crypto industry, the SEC’s Division of Corporation Finance stated that certain types of liquid staking do not constitute the sale of securities, according to a statement.<\/p>\n

          Specifically, tokenized staking receipt products, such as staked ETH derivatives, are not considered investment contracts unless they\u2019re bundled into schemes that meet the legal definition. <\/p>\n

          This clarification provides a green light for platforms offering protocol-level staking services without requiring registration. Liquid staking allows users to earn rewards while still being able to trade or use a representative token, maintaining asset flexibility. <\/p>\n<\/div>\n

          Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.<\/strong><\/p>\n

          Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.<\/strong><\/strong><\/p>\n<\/p>\n

          This post appeared first on investingnews.com<\/div>\n

          <\/p>\n","protected":false},"excerpt":{"rendered":"

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