Bitcoin ETFs Lose $333 Million as SEC Delays and 5.22% Yields Pressure Crypto
Updated
Updated · CoinDesk · Aug 14
Bitcoin ETFs Lose $333 Million as SEC Delays and 5.22% Yields Pressure Crypto
3 articles · Updated · CoinDesk · Aug 14
Summary
$333 million has left U.S.-listed spot bitcoin ETFs so far this week, flipping from last week's $853 million inflow and adding fresh pressure to bitcoin and XRP near the $1 support level.
SEC delays deepened the pullback: the agency postponed Friday's planned "Reg Crypto" meeting and is reportedly set to further delay its "innovation exemption" after White House and Wall Street concerns over legal footing and market impact.
A $25 billion auction of 30-year Treasuries cleared at yields as high as 5.22%—described by some dealers as the highest since 2001—raising the opportunity cost of holding non-yielding assets like bitcoin.
MSCI has also proposed removing non-operating companies from its equity indexes, naming bitcoin holders Strategy and Metaplanet, reinforcing a broader risk-off backdrop for crypto-linked assets.
Some strategists still see a year-end rebound, citing July crypto outperformance versus the S&P 500 and Nasdaq-100, but the near-term setup leaves bitcoin's range and XRP's $1 floor looking fragile.