Ten of the twelve U.S. spot Bitcoin ETFs printed a zero. The other two redeemed. Farside Investors logged a −$61.1 million net outflow on August 12, a two-fund redemption session that erased Tuesday’s thin +$7.8 million restart. The same cash day, the U.S. Bureau of Labor Statistics reported July consumer prices up 3.4% from a year earlier.
Two funds, ten blanks
Walk Wednesday’s table, fund by fund. BlackRock’s IBIT redeemed −$14.3 million. Fidelity’s FBTC redeemed −$46.8 million. Bitwise’s BITB, ARK 21Shares’ ARKB, Invesco, Franklin’s EZBC, Valkyrie, VanEck’s HODL, WisdomTree, Morgan Stanley, and both Grayscale lines all printed 0.0. That is a different shape from Monday’s −$144.6 million, when IBIT, GBTC, FBTC, and BITB redeemed together, and from Tuesday, when IBIT created +$50.2 million and was the only large green column. Wednesday had no creation line at all.
Primary-market flow counts authorized-participant creations and redemptions of ETF shares, not every secondary trade on the tape. A −$61.1 million day after a +$7.8 million day is a second red session in three cash days. It is a much smaller print than last week’s $100 million-plus creations. Across August 10–12 the complex is about $197.9 million net negative. From the August 3 reopen through Wednesday it is still about $667.4 million net positive: $865.3 million of creations, then −$144.6 million, +$7.8 million, and −$61.1 million. Farside’s lifetime total sits near $52.0 billion.
CoinGlass’s Bitcoin ETF flow table tracked Wednesday near 961 BTC of net fund outflow, consistent with a $61 million print at a mid-$63K coin.
CPI eased a tenth; the products still redeemed
The July CPI-U rose 0.1% month over month after June’s 0.4% drop, and 3.4% over twelve months after June’s 3.5%. The index excluding food and energy rose 0.2% on the month and 2.5% on the year. Shelter did most of the monthly work. Energy fell 1.5% in July and is still 14.7% higher than a year earlier. That release hit at 8:30 a.m. Eastern on Wednesday, inside the same cash session as the ETF table.
CoinDesk called the figure in-line and said bitcoin slipped toward $63,500 afterward, with attention already moving on to later Federal Reserve tests. Authorized participants can redeem stock on a day inflation eases a tenth. The product table does not have to treat every CPI print as a bid for shares.
Ethereum products went the other way. Farside’s ETH table printed a +$7.4 million net inflow on August 12, the entire amount in BlackRock’s ETHA, with every other ETH product at 0.0. Bitcoin products redeemed; Ethereum products created a little. That is Wednesday’s mix, read as a one-day split.
A third softer settle, then a Thursday round trip
Settled Crypto.com 1D closes mark the steps. Monday August 10 closed $63,974.44. Tuesday closed $63,592.62. Wednesday settled $63,488.10, another $105 under Tuesday and the third consecutive softer cash-day close. Friday August 7 had been $64,927.10; from that settle the three cash sessions gave back about $1,439.
Thursday’s candle is still forming, and it has already gone both ways. BTC/USDT opened the UTC day at $63,484.56, printed $64,017.77 in the 05:00 UTC hour, then handed the move back: as of about 16:01 UTC on August 13 it last traded near $63,449 on Crypto.com Exchange, roughly $39 under Wednesday’s settle. That Thursday mark is intraday; the August 13 1D bar does not settle until 00:00 UTC. Ethereum settled Wednesday at $1,879.79 after Tuesday’s $1,882.69, and traded near $1,880 at the same snapshot.
Chart: three softer cash settles, Fear still low
The series pairs settled daily closes (and Thursday’s still-forming candle) with the Crypto Fear & Greed Index. Price stepped down through Monday’s outflow, Tuesday’s thin creation day, and Wednesday’s two-fund redemption, then Thursday’s intraday mark round-trips back to just under Wednesday’s settle while the mood gauge stays in Fear.
BTC price vs the Crypto Fear & Greed Index, August 6–13. Price eased through three cash sessions; Thursday’s still-open candle reached $64,018 before slipping back under Wednesday’s $63,488 settle. The August 13 point is an intraday read as of ~16:01 UTC, not a settled close. Sources: Crypto.com Exchange 1D candles and alternative.me.
The composite sat at 27 (Fear) on Wednesday and 29 (still Fear) on Thursday. Two points back toward the high 20s after a week spent between 25 and 31. The product table can flip from a one-fund creation day to a two-fund redemption day without the mood gauge leaving Fear.
What Wednesday’s table actually changed
Last week’s five green sessions still dwarf this week’s two red ones. The new line on the board is narrower: a −$61.1 million Wednesday carried only by IBIT and FBTC, a third softer daily settle at $63,488, a 3.4% CPI print in the same session, and a Thursday tape that probed $64,018 and slipped back under that settle with Fear at 29. The next Farside row will either add a third red day or put a creation back on the sheet. This describes what printed. It is not a forecast and not financial advice.
