Spot Bitcoin and Ether ETFs saw outflows on Friday as Federal Reserve data revealed rising inflation under Trump’s trade policies. Ether ETFs had a net outflow of $164.64 million, while Bitcoin ETFs had $126.64 million outflows. Fidelity’s FBTC saw the steepest outflow at $66.2 million. Total assets dropped to $28.58 billion for Ethereum and $139.95 billion for Bitcoin.

The Fed’s core PCE index showed a 2.9% rise in July, matching forecasts. Trump’s tariffs are increasing import costs, pushing core prices up. Despite energy prices keeping inflation in check, services rose 3.6% year-over-year. Market expects a rate cut at the next Fed meeting, especially if labor data weakens.

Ether spot ETFs have gained momentum since July 2024, with inflows increasing 44% in August to $13.7 billion. Corporate treasuries now hold 4.4 million ETH, valued at over $19 billion, about 3.7% of total supply. Ethereum’s revival is attributed to increased institutional interest and corporate adoption.

Read more at Cointelegraph: Bitcoin, Ether ETFs See Outflows as Fed Flags Inflation