
After weeks of continuous inflows, Ethereum and Bitcoin spot ETFs in the U.S. experienced net outflows on July 25, signaling a pause in recent momentum despite positive trends in July overall. Ethereum ETFs saw a $70.62 million outflow, while Bitcoin ETFs had $240.08 million leave, coinciding with price drops for both assets. This shift may reflect changing institutional sentiment on Wall Street. Meanwhile, Japan's regulatory reforms are paving the way for local spot ETFs, potentially unlocking $18.4 billion by connecting household wealth to crypto markets, indicating long-term institutional growth despite short-term U.S. market adjustments.