Key facts
- US spot Ethereum ETFs saw $70.62 million in outflows on Friday, ending a five-day inflow streak.
- Despite Friday's outflows, Ethereum ETFs still attracted $103.9 million in net inflows for the week.
- Bitcoin ETFs also experienced significant outflows, totaling $240.08 million on Friday.
- Crypto industry groups are pressing Senate leaders to pass the CLARITY Act before the August recess.
- Tokenized real-world asset markets on the Hyperliquid DEX surpassed all other categories in trading volume for the first time.
US-listed spot Ethereum exchange-traded funds (ETFs) experienced net outflows of $70.62 million on Friday, breaking a five-day streak of inflows. This followed a similar pattern in Bitcoin ETFs, which also saw outflows on Friday. Despite the recent reversal, Ethereum ETFs have maintained a three-week inflow streak and attracted $337.74 million in net inflows so far in July.
In parallel, three major US crypto advocacy groups, including the Crypto Council for Innovation, Digital Chamber, and Blockchain Association, sent a joint letter to Senate leaders urging them to prioritize a vote on the CLARITY Act before the August recess. They argue that the bill would establish a comprehensive federal regulatory framework for digital assets, which is crucial for consumer protection, law enforcement, and retaining innovation within the US. Failure to pass the bill before the recess could significantly delay its consideration.
Separately, the decentralized exchange Hyperliquid achieved a milestone as its tokenized real-world asset (RWA) markets generated $25.1 billion in trading volume between July 13 and July 19, surpassing all other asset categories on the platform for the first time. This surge reflects growing demand for tokenized assets, with RWA holders increasing by 32% to 1.25 million users over the past month.