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    Bitcoin and Ether ETFs Experience Withdrawals Following Historic Market Liquidations

    Ethan CarterBy No Comments3 Mins Read
    1760429507

    In the United States, spot Bitcoin and Ether exchange-traded funds (ETFs) experienced over $755 million in combined outflows on Monday after unprecedented liquidations in the cryptocurrency market over the weekend.

    Bitcoin (BTC) ETFs reported a net outflow of $326.52 million, according to data from SoSoValue. The largest outflow was from Fidelity’s Wise Origin Bitcoin Fund (FBTC), amounting to $93.28 million, while Grayscale’s Bitcoin Trust (GBTC) saw an outflow of $145.39 million.

    Other significant funds, such as Ark 21Shares Bitcoin ETF (ARKB) and Bitwise Bitcoin ETF (BITB), reported daily outflows of $21.12 million and $115.64 million, respectively. However, BlackRock’s iShares Bitcoin Trust (IBIT) recorded inflows of $60.36 million.

    As of this writing, total cumulative inflows stood at $62.44 billion, with net assets across all spot BTC ETFs reaching $157.18 billion, or 6.81% of Bitcoin’s market capitalization. Overall, the funds had $2.71 billion in inflows last week.

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    Spot Bitcoin ETFs see over $300 million in outflows. Source: SoSoValue

    Related: How high can Bitcoin price go in October?

    Ether ETFs experience $428 million in outflows

    Ether (ETH) ETFs saw outflows of $428.52 million on Monday. The largest daily outflow came from BlackRock’s iShares Ethereum Trust (ETHA), which saw $310.13 million in withdrawals, 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 reported smaller losses. ETHA remains the largest fund with $17.02 billion in net assets and a 3.29% market share, while the total trading volume for ETH ETFs reached $2.82 billion for the day.

    The outflows coincided with a record $20 billion in liquidations in the crypto market over the weekend, triggered by US President Donald Trump’s announcement of 100% tariffs on all Chinese imports starting November 1, in retaliation for China’s new restrictions on rare earth mineral exports.

    Currently, public companies and ETFs control 12.2% of Bitcoin’s total supply, reflecting a consistent increase in holdings amidst ongoing institutional accumulation this year.

    Cryptocurrencies, Cryptocurrency Exchange, Ethereum ETF, Bitcoin ETF, ETF
    Public companies and ETFs hold over 12% of Bitcoin supply. Source: Mister Crypto

    Related: DeFi booming as $11B Bitcoin whale stirs ‘Uptober’ hopes: Finance Redefined

    Investor caution leads to crypto ETF outflows

    Vincent Liu, chief investment officer at Taiwan-based Kronos Research, informed Cointelegraph that the outflows were driven by investor caution following recent market liquidations.

    “Investors are holding back, waiting for clearer macroeconomic signals before re-entering the market,” Liu said, adding that current market sentiment is stronger than fundamentals in guiding activity.