Bitcoin and Ethereum ETFs See $520 Million Outflow as Tokenized Assets Surpass $35 Billion

Bitcoin (BTC) and Ethereum (ETH) ETFs saw a $52.09 million outflow on August 16 (local time), according to Bitcoin.com News, which cited Federal Reserve rate hikes as a contributing factor. Michael Saylor, Chairman of Strategy, stated that tokenized stocks are now available for 24-hour on-chain trading following SEC temporary conditional exemptions allowing U.S. investors to trade tokenized STRC and MSTR on-chain.

The on-chain value of tokenized traditional assets excluding stablecoins has surpassed $35 billion (approximately 48 trillion won), with Andreessen Horowitz Crypto noting the market size could grow by about three times from July 2025. Bitcoin's on-chain transaction volume may vary up to sixfold depending on accounting methods, per a Bank for International Settlements working paper analyzing on-chain metrics for Bitcoin, Ethereum, and Tron.

Ethereum's upcoming upgrade, Glamsterdam, has entered performance testing at a block gas limit of 200 million. Developers plan to proceed with the Sepolia fork on October 6, 2026, as reported by CoinDesk. The CFTC issued a conditional non-action letter regarding Phantom Technologies' derivative software, allowing it to connect users with registered futures brokers under specific conditions.

Paxos added AVAX to its institutional trading and custody services, expanding its supported assets to 29. World is set to launch World Money, a financial app integrating stablecoin storage, remittance, investment, and global payment features, though country-specific functionality and variable returns with principal loss risk apply.

The Bank of England's Monetary Policy Committee decided to reduce its £36.8 billion holding of government bonds by 2034 through annual sales of £2 billion and not reinvesting maturing securities. UK August consumer prices rose 3.1% year-on-year, while core inflation remained steady at 2.6%, with BoE Governor Andrew Bailey noting the limited transmission effect of rising energy prices on wages and services.