Spot Bitcoin and Ether exchange-traded funds (ETFs) in the United States saw combined outflows of more than $755 million on Monday following record crypto liquidations over the weekend.
Bitcoin (BTC) ETFs saw a net outflow of $326.52 million, according to data from SoSoValue. Fidelity’s Wise Origin Bitcoin Fund (FBTC) saw the largest outflow of $93.28 million, while Grayscale’s Bitcoin Trust (GBTC) saw an outflow of $145.39 million.
Other notable funds, including Ark 21Shares Bitcoin ETF (ARKB) and Bitwise Bitcoin ETF (BITB), also saw daily outflows of $21.12 million and $115.64 million, respectively. However, BlackRock’s iShares Bitcoin Trust (IBIT) saw $60.36 million in inflows.
At the time of writing, total cumulative inflows remained at $62.44 billion, with total net assets for all spot BTC ETFs reaching $157.18 billion, or 6.81% of Bitcoin’s market cap. In total, funds saw $2.71 billion in inflows last week.
Related: How High Can Bitcoin Price Go in October?
Ether ETFs see outflows of $428 million
Ether ETFs (ETH) saw $428.52 million in outflows on Monday. BlackRock’s iShares Ethereum Trust (ETHA) saw the largest daily outflow of $310.13 million, followed by Grayscale’s Ethereum Trust (ETHE) with $20.99 million and Fidelity’s Ethereum Fund (FETH) with $19.12 million.
Bitwise’s Ethereum ETF (ETHW) and VanEck’s Ethereum ETF (ETHV) also saw smaller losses. ETHA remained the largest fund with $17.02 billion in net assets and a 3.29% market share, while total ETH ETF trading volume reached $2.82 billion for the day.
The capital outflows came as the crypto market saw record $20 billion in liquidations over the weekend following US President Donald Trump’s announcement that the US would impose 100% tariffs on all Chinese imports starting November 1, in retaliation for Beijing’s new export restrictions on rare earth minerals.
Public companies and ETFs now control 12.2% of the total Bitcoin supply. The steady increase in assets comes against a backdrop of continued institutional accumulation throughout this year.
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Caution drives crypto ETF outflows
Vincent Liu, chief investment officer of Taiwan-based Kronos Research, told Cointelegraph that the withdrawals came amid investor caution following recent selloffs.
“Investors are staying on the sidelines, waiting for clearer macroeconomic guidance before re-engaging,” Liu said. “For now, market sentiment trumps fundamentals to drive activity,” he added.
The analyst noted that events such as the resolution of the US government shutdown or progress in trade negotiations could help restore confidence, potentially triggering renewed interest in Bitcoin and Ether ETFs.
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