U.S. spot Bitcoin and Ether exchange-traded funds (ETFs) experienced combined outflows exceeding $755 million on Monday, following massive crypto liquidations over the weekend.
Bitcoin ETFs alone saw net outflows of $326.52 million, according to SoSoValue data. Fidelity’s Wise Origin Bitcoin Fund (FBTC) led the declines with $93.28 million in outflows, while Grayscale’s Bitcoin Trust (GBTC) posted a $145.39 million withdrawal.
Other notable ETFs, including the Ark 21Shares Bitcoin ETF (ARKB) and Bitwise Bitcoin ETF (BITB), reported daily outflows of $21.12 million and $115.64 million, respectively. In contrast, BlackRock’s iShares Bitcoin Trust (IBIT) recorded $60.36 million in inflows.
Despite Monday’s losses, cumulative inflows for all spot BTC ETFs remain at $62.44 billion, with total net assets across these funds reaching $157.18 billion—roughly 6.81% of Bitcoin’s market capitalization. The sector had seen $2.71 billion in inflows just last week.
Ether ETFs faced $428 million in outflows on Monday, with BlackRock’s iShares Ethereum Trust (ETHA) leading the decline at $310.13 million. Grayscale’s Ethereum Trust (ETHE) and Fidelity’s Ethereum Fund (FETH) saw outflows of $20.99 million and $19.12 million, respectively.
Smaller losses were reported by Bitwise’s Ethereum ETF and VanEck’s Ethereum ETF (ETHV). ETHA remained the largest Ether ETF, holding $17.02 billion in net assets and a 3.29% market share. Total trading volume across ETH ETFs reached $2.82 billion for the day.
The outflows followed a weekend of record $20 billion crypto liquidations, triggered by U.S. President Donald Trump’s announcement of 100% tariffs on all Chinese imports starting November 1, in response to China’s new export restrictions on rare earth minerals.
Public companies and ETFs now hold 12.2% of Bitcoin’s total supply, reflecting a steady rise in institutional accumulation throughout the year.
Caution Fuels Crypto ETF Outflows
Vincent Liu, chief investment officer at Taiwan-based Kronos Research, told Cointelegraph that recent withdrawals reflect investor caution following the weekend’s massive liquidations.
“Investors are remaining on the sidelines, waiting for clearer macroeconomic signals before re-entering the market,” Liu said. “At the moment, market sentiment is driving activity more than fundamentals.”
He added that developments such as the resolution of the U.S. government shutdown or progress in trade negotiations could help restore confidence, potentially reigniting interest in both Bitcoin and Ether ETFs.
