CoinDesk Podcast Network What Bleeding ETFs Say About BTC and ETH's Next Steps | COINDESK DAILY
Aug 5, 2025
Recent trends in the crypto market reveal significant outflows from Bitcoin and Ethereum ETFs, even as prices bounce back. A staggering $465 million left Ether ETFs, sparking questions about institutional optimism. Additionally, the Base Network faced its first downtime since 2023. Meanwhile, Midnight is introducing an innovative token distribution approach to empower a diverse community. This new initiative could reshape the future of the Midnight network, focusing on privacy and cooperative tokenomics.
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ETF Outflows Signal Institutional Caution
- Despite Bitcoin and Ether prices recovering, spot ETFs saw record outflows, with Ether ETFs bleeding $465 million and Bitcoin ETFs $333 million.
- This suggests institutional investors are less optimistic than the broader spot market indicates.
Fed Cuts Influence Market Outlook
- Traders currently expect three Federal Reserve interest rate cuts by January 2026, indicating optimism about future easing.
- This outlook supports some analysts' constructive views on the crypto market.
Base Network Faces First 2023 Outage
- Base Network from Coinbase experienced its first downtime in 2023, halting block production for about 29 minutes.
- The team quickly identified and resolved the issue, highlighting the network's growing importance in the Ethereum Layer 2 ecosystem.