Gate Weekly Industry Review: Bitcoin ETF net outflow of 640 million USD, Ethereum market share surpasses 11%

Last week (July 28 - August 3), the net outflow amount of Bitcoin ETF was 640 million USD, breaking the record of significant net inflows for 7 consecutive weeks. Last week, BTC significantly fell from the 120,000 USD position to around 112,000 USD, gaining some support near 112,000 USD. Despite the significant drop in BTC, its market share slightly rebounded to 61.2%, indicating that BTC has been more resilient during the overall downtrend, while the alts have experienced larger declines.

Last week, Ethereum (ETH) ETF saw a net inflow of $150 million, setting a record for nine consecutive weeks of net inflows, with over $7 billion flowing in during the last nine weeks. ETH briefly surged to around $3,940 last week, but subsequently fell back to $3,500 as the market declined. The increase in ETH over the past 30 days remains as high as 41%, with ETH’s market share currently reported at 11.5%.

Alts have generally fallen in line with the market over the past week, and the altcoin market still lacks new narratives. The altcoin season index is currently reported at 41, with market sentiment being relatively neutral.

This Week’s Major Events (August 4 - August 10)

Macro

Trump delays the effective date of the reciprocal tariffs to August 7;

Project

Solana Mobile announced that its second smartphone, Seeker, will start shipping on August 4; moreover, Seeker will launch the SKR coin.

RICE AI will begin selling its RICE tokens on August 5 through the TokenFi Launchpad.

Ethena (ENA) will unlock approximately 172 million tokens at 3 PM Beijing time on August 5th, which accounts for 2.70% of the current circulating supply, valued at around 95.8 million USD.