Spot-based Bitcoin and Ether exchange-traded funds (ETFs) witnessed significant outflows last Friday, coinciding with the release of U.S. inflation data revealing persistent price pressures. The Federal Reserve’s preferred measure, the core Personal Consumption Expenditures (PCE) index, showed a notable 2.9% annualized rise in July, exceeding forecasts and fueling investor concerns regarding the impact of President Trump’s trade policies. This selloff resulted in Bitcoin ETFs experiencing their first daily loss since August 22nd, with withdrawals totaling $126.64 million. Ether ETF outflows also reached a sharp $164.64 million mark, breaking a five-day streak of inflows and significantly impacting the asset’s total assets under management, which now stand at $28.58 billion for Ethereum and $139.95 billion for Bitcoin.