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In a move that rattled crypto markets, BlackRock’s spot Ethereum ETF recorded its largest single-day outflow since inception, with 101,975 ETH, worth roughly $375 million exiting the fund on August 4, according to SoSoValue data retreived by Finbold on August 5. This sudden withdrawal not only broke a 21-day streak of consistent inflows but also reduced the fund’s Ethereum holdings by about 3%, signaling a sharp shift in institutional positioning. The selloff wasn’t isolated to Ethereum. U.S. spot Bitcoin ETFs saw $333 million in net outflows on the same day, led by BlackRock’s IBIT, which accounted for $292 million of that figure. In total, Ethereum ETFs experienced $465 million in redemptions, with BlackRock’s ETHA leading the exodus. BlackRock Ethereum ETF outflow. Source: SoSoValue Ethereum price analysis Ethereum held steady around $3,669 despite the large-scale withdrawals, highlighting the market’s resilience even in the face of significant institutional...

BRICS member China is leaving no stone unturned and is selling US dollar-denominated bonds and Treasuries on a larger scale. China has sold nearly $8.2 billion worth of Treasuries in April 2025, according to the latest data released by the the US Treasury Department. The sell-off comes after Trump imposed sweeping tariffs on many countries in early April on Liberation Day. Also Read: China Grants 53 Countries Tariff-Free BRICS Market Access In a BRICS counter-attack measure, China sold the US dollar-denominated bonds and Treasuries trimming their holdings in American assets. The Communist country is cutting ties with America-funneled assets and accumulating gold in its central bank reserves instead. Apart from gold, they are also diversifying reserves with other leading local currencies to end dependency on the US dollar. BRICS: China Cutting Ties With US Dollar Treasuries, Bonds Source: scmp.com Data shows that BRICS member China held $1,350 billion worth of US dollar Treasuries and b...