According to a report from Lookonchain on August 4th, 10 Bitcoin ETFs saw a net outflow of 6,086 BTC (approximately $696 million) today. Fidelity saw an outflow of 2,965 BTC (approximately $338 million), with a current holding of 202,441 BTC (approximately $23.14 billion). Nine Ethereum ETFs saw a net outflow of 6,127 ETH (approximately $21.84 million), with Grayscale (ETHE) seeing an outflow of 1,895 ETH (approximately $6.76 million), leaving it with a current holding of 1,129,115 ETH (approximately $4.03 billion).


Lawmakers in the US House of Representatives and Senate met with cryptocurrency industry leaders in three separate roundtable events this week. Members of the US Congress met with key figures in the cryptocurrency industry to discuss issues and potential laws related to the establishment of a strategic Bitcoin reserve and a market structure.On Tuesday, a group of lawmakers that included Alaska Representative Nick Begich and Ohio Senator Bernie Moreno met with Strategy co-founder Michael Saylor and others in a roundtable event regarding the BITCOIN Act, a bill to establish a strategic Bitcoin (BTC) reserve. The discussion was hosted by the advocacy organization Digital Chamber and its affiliates, the Digital Power Network and Bitcoin Treasury Council.“Legislators and the executives at yesterday’s roundtable agree, there is a need [for] a Strategic Bitcoin Reserve law to ensure its longevity for America’s financial future,” Hailey Miller, director of government affairs and public policy at Digital Power Network, told Cointelegraph. “Most attendees are looking for next steps, which may mean including the SBR within the broader policy frameworks already advancing.“Read more
