The cryptocurrency market began the week on a cautious note as both Bitcoin and Ethereum exchange-traded funds (ETFs) in the United States recorded significant outflows on Monday. The large withdrawals came immediately after a volatile weekend that saw record levels of forced liquidations in the digital asset space.
According to data from Farside Investors, BTC ETFs reported total daily outflows of around $326 million. Among Bitcoin-focused funds, Grayscale’s Bitcoin Trust (GBTC) had the largest withdrawal, losing $145.4 million. Bitwise Bitcoin ETF (BITB) followed with $115.6 million in outflows, while Fidelity’s FBTC recorded $93.3 million leaving the fund.
Smaller amounts exited from Ark 21Shares Bitcoin ETF (ARKB) and VanEck’s HODL, with $21.1 million and $11.4 million withdrawn, respectively.
In contrast, BlackRock’s iShares Bitcoin Trust (IBIT) attracted $60.36 million in inflows, making it the only major BTC ETF to record net gains that day. While this addition provided a minor offset, it was not enough to counter the overall negative trend across other funds.
Despite Monday’s losses, spot Bitcoin ETFs continue to play a major role in the market. Data from SoSoValue shows that total inflows into these funds have climbed to $62.44 billion since their launch. Collectively, they now hold $157.18 billion in assets, equal to about 6.81% of Bitcoin’s total market value. Over the past week, these ETFs attracted $2.71 billion in new inflows, showing steady institutional interest amid recent volatility.
Ethereum funds experienced even deeper losses than Bitcoin. On Monday, U.S.-listed ETH ETFs saw combined outflows of about $428.5 million. Here is how the figures broke down across the major funds:
Together, Bitcoin and Ethereum ETFs recorded outflows of more than $755 million yesterday. The withdrawals followed a weekend of sharp market swings, during which cryptocurrency liquidations reached a record $20 billion.
The broader sell-off came after President Donald Trump announced that the United States will impose 100% tariffs on all Chinese imports starting November 1. The decision, made in response to China’s restrictions on rare earth mineral exports, added to uncertainty across global financial markets.
Vincent Liu, chief investment officer at Kronos Research in Taiwan, said the outflows reflect growing investor caution following the recent wave of liquidations. He explained that many are holding back and waiting for clearer economic signals before taking new positions, noting that recent trading activity has been driven more by market sentiment than by underlying fundamentals.
Meanwhile, the sharp correction in crypto prices has clearly affected trading behavior. Julio Moreno, head of research at CryptoQuant, noted that open interest in both Bitcoin and Ethereum has dropped sharply since last Friday. The decline equals around 77,000 Bitcoin and 1.67 million Ethereum worth of contracts, showing that many traders have exited their positions.
Market sentiment data reinforces this cautious mood, with the Crypto Fear and Greed Index dropping to 38 from 70 just a week earlier. The rapid change shows how quickly optimism has given way to fear after recent market volatility.
