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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 recorded a net outflow of $326.52 million, according to SoSoValue data. Fidelity’s Wise Origin Bitcoin Fund (FBTC) saw the largest outflow at $93.28 million, while Grayscale’s Bitcoin Trust (GBTC) recorded a $145.39 million outflow.
Other notable funds, including Ark 21Shares Bitcoin ETF (ARKB) and Bitwise Bitcoin ETF (BITB), also posted daily outflows of $21.12 million and $115.64 million, respectively. However, BlackRock’s iShares Bitcoin Trust (IBIT) saw $60.36 million in inflows.
As of writing, total cumulative inflows remained at $62.44 billion, with total net assets across all spot BTC ETFs reaching $157.18 billion, or 6.81% of Bitcoin’s market cap. Overall, the funds saw $2.71 billion in inflows last week.
Related: How high can Bitcoin price go in October?
Ether ETFs see $428 million outflows
Ether (ETH) ETFs registered $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) at $20.99 million, and Fidelity’s Ethereum Fund (FETH) at $19.12 million.
Bitwise’s Ethereum ETF (ETHW) and VanEck’s Ethereum ETF (ETHV) also recorded 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 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 Nov. 1, in retaliation for Beijing’s new export restrictions on rare earth minerals.
Public companies and ETFs now control 12.2% of Bitcoin’s total supply. The steady climb in holdings comes amid continued institutional accumulation throughout this year.
Related: DeFi booming as $11B Bitcoin whale stirs ‘Uptober’ hopes: Finance Redefined
Caution drives crypto ETF outflows
Vincent Liu, chief investment officer of the Taiwan-based company Kronos Research, told Cointelegraph that the withdrawals came amid investor caution following the recent liquidations.
“Investors are staying on the sidelines, waiting for clearer macro direction before re-engaging,” Liu said. “For now, market sentiment outweighs fundamentals in driving 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 both Bitcoin and Ether ETFs.
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