The fall of Ethereum has led to a widespread decline in altcoins, with Spot ETFs recording net outflows, and Crypto Assets stocks also experiencing a general drop.

According to BlockBeats news on August 16, as the prices of Bitcoin and Ethereum have retreated, alts generally followed suit. Among them: ETH has fallen 4.27% in the last 24 hours, currently quoted at $4435; ARB has fallen 8.15% in the last 24 hours, currently quoted at $0.48; CRV has fallen 5.57% in the last 24 hours, currently quoted at $0.8713; EIGEN has fallen 5.67% in the last 24 hours, currently quoted at $1.348. In terms of spot ETF data, yesterday, both Bitcoin and Ethereum spot ETFs in the U.S. recorded net outflow data, with Bitcoin ETF net outflow of $14.01 million and Ethereum ETF net outflow of $59.30 million. Excluding the net inflow data of BlackRock ETF, other Bitcoin ETFs had a total net outflow of $128.5 million, while Ethereum ETFs had a total net outflow of $397.4 million. Regarding U.S. stock cryptocurrency stocks, the three major stock indexes closed mixed on Friday, with cryptocurrency stocks generally falling. The new stock Bullish (BLSH) fell 6.82%, Bitmine (BMNR) fell 4.37%, and SharpLink Gaming (SBET) fell 15.50%.