Bitcoin ETFs Bleed Millions as Ethereum ETFs Attract Investors Amid Economic Uncertainty

US spot Bitcoin exchange-traded funds (ETFs) experienced a notable downturn on August 5th, bleeding $196 million for the fourth consecutive day. This trend comes as concerns over potential stagflation in the U.S. economy grow, fueled by recent ISM Services PMI data indicating inflationary pressures from tariffs, weakening employment, and trade disruptions.