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- Bitcoin ETFs saw $126.6M in net outflows, their first losses since Aug 22.
- Amdax secured $23M for its Bitcoin treasury, aiming for 1% of total BTC supply.
- Institutional demand remains strong despite short-term market volatility.
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Bitcoin markets are under renewed pressure as spot Bitcoin ETFs recorded their first net outflows in days, coinciding with a bold treasury push from Dutch service provider Amdax. The dual developments highlight both market volatility and continued institutional appetite for Bitcoin as a long-term store of value.
Spot Bitcoin ETFs See $126M in Outflows
According to data from SoSoValue, Bitcoin ETFs experienced net outflows totaling $126.6 million, marking their first daily losses since August 22. This brought total Bitcoin ETF assets under management down to $139.95 billion.
Fidelity’s FBTC led the downturn with $66.2 million in exits, while 21Shares’ ARKB lost $72.07 million and Grayscale’s GBTC shed $15.3 million. In contrast, BlackRock’s IBIT bucked the trend, attracting $24.63 million in inflows alongside a modest $2.3 million increase for WisdomTree’s BTCW.
IBIT remains the market leader, with record assets under management of $91.06 billion and cumulative inflows exceeding $58 billion as of mid-August. Its premium to NAV underscores the growing concentration of capital among top-tier ETF issuers.
Amdax Raises $23M for Bitcoin Treasury Strategy
Amid ETF weakness, Amdax announced the successful first round of funding for its independent Bitcoin treasury arm, AMBTS B.V. The company secured €20 million ($23 million) through private placement, with a final €30 million cap expected by September.
CEO Lucas Wensing emphasized strong institutional demand, stating the treasury aims to eventually control 1% of Bitcoin’s total supply—around 210,000 BTC. The firm also plans to seek a future listing on Euronext Amsterdam, reinforcing Europe’s growing role in institutional Bitcoin adoption.
Also Read: July PCE Data Boosts Bitcoin Briefly: BTC Price Surges Amid Fed Rate Cut Speculation
Institutional Moves Counter Bearish Sentiment
The Amdax initiative comes as treasury firms like Strategy continue expanding their holdings, now surpassing 3% of Bitcoin’s capped supply. With ETFs showing mixed flows, long-term accumulation strategies may provide a stabilizing force in volatile markets.
While short-term ETF outflows hint at market caution, Amdax’s treasury plan highlights the enduring appeal of Bitcoin among institutions. This divergence suggests that even in downturns, Bitcoin remains a key target for strategic, long-term accumulation.
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Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
