Bitcoin ETF outflows continue as bitcoin slumps

Bitcoin ETFs’ outflows continued on August 4, with $333 million in outflows and BlackRock’s iShares Bitcoin Trust taking the lion’s share with $292 million. Meanwhile, bitcoin continued its downward trend, hovering around $114,000, down 7% in the past week.

In other bitcoin news:

• Semler Scientific reported second-quarter earnings yesterday, with earnings per share of $5.04, above the consensus estimate of a loss of $0.22, and revenue of $8.22 million, also above consensus, according to Benchmark analysts. The company increased its bitcoin holdings to 5,021 bitcoin during the quarter. Shares were slightly down in early trading.

• Riot Platforms, the fifth-largest corporate bitcoin holder, announced it produced 484 bitcoin in July, up from 450 in June, an 8% month-over-month increase and a 31% year-over-year increase. The stock dipped in early Tuesday trading.

• The newly rebranded Capital B (previously The Blockchain Group) acquired 62 bitcoin, bringing the French company’s total to 2,075.

• UK-based The Smarter Web Company announced it raised 8.1 million pounds ($10.7 million) to acquire more bitcoin. The company holds 2,050 bitcoin.

• Crypto platform Exodus Movement announced it increased its bitcoin holdings to 2,087 bitcoin.

• Taking a page from Strategy’s playbook, Japanese firm Metaplanet announced the launch of a merch store, featuring “a curated lineup of apparel, accessories, and limited edition items.”