The Ethereum ETF complex just logged heavy selling, with $197 million of net redemptions on August 18, the second largest daily withdrawal on record for the product group. Price action mirrors the flows, ETH trades near $4,427 while Bitcoin slid under $110,000 as investors reassess risk after a sloppy summer. Many traders are rotating toward utility focused payment plays, which is why some desks are watching Remittix as a potential bright spot. Ethereum ETF Outflows Deepen as Bitcoin Price Drops Below $110,000 Ethereum is currently priced at $4,427, and the Ethereum ETF complex just recorded its second largest daily withdrawal, with $197 million in outflows on August 18. The pressure came from across the lineup, with BlackRock’s ETHA losing $87 million, Fidelity’s FETH down $78 million, and Grayscale’s ETHE shedding $18.7 million. VanEck and Franklin also posted smaller redemptions, confirming broad investor caution. ETHA closed 0.54 percent lower at $32.97, FETH dropped 0.66 percent to $43.51, and ETHE fell 0.77 percent to $35.94. At the same time, Bitcoin also came under heavy pressure, slipping below $110,000 after weeks of consolidation. The drop was mirrored by $122 million in outflows from Bitcoin ETFs, signaling that investors are pulling back exposure across both leading digital assets. Analysts suggest that the combined weakness in Ethereum and Bitcoin reflects broader fragility in crypto sentiment, with traders looking for signs of stability before reentering risk positions. Why Remittix keeps popping up in rotation notes Remittix is a PayFi project that will route crypto to bank accounts in 30 plus countries, with support planned for 40 plus cryptocurrencies and 30 plus fiat currencies. The token is currently priced at $0.0987, more than 621 million tokens are sold, and the team reports over $2 million raised. A BitMart listing is confirmed, with a second centralized exchange reveal slated at the $22 million marker, and a wallet beta targeted for Q3 2025. Highlights investors are tracking Flat, transparent fees with real time FX quotes Merchant ready Remittix Pay API for invoices and checkout Privacy first user flow, recipient simply sees a bank transfer A utility path that fits next 100x crypto and crypto with real utility screens Bottom line, the Ethereum ETF complex may stabilize once volatility cools, yet allocators looking beyond flows are hunting practical payment rails, which is why Remittix is appearing more often on short lists. Conclusion The $197M outflow across the Ethereum ETF lineup, alongside Bitcoin slipping under $110,000, signals caution rather than capitulation, with volumes showing investors are actively repositioning. If rate expectations and regulatory headlines calm, flows could normalize, yet allocators are clearly tilting toward assets that pair adoption with clear utility. That is why payment focused rails are gaining attention right now. With transparent fees, bank account payouts in 30 plus countries, a confirmed BitMart listing, a second CEX reveal planned at $22M, and a Q3 2025 wallet beta, Remittix fits the profile many desks want as they redeploy capital. Discover the future of PayFi with Remittix by checking out their presale here: Website: https://remittix.io/ Socials: https://linktr.ee/remittix $250K Giveaway: https://gleam.io/competitions/nz84L-250000-remittix-giveaway
Brazil registers 43% rise in crypto activity
