U.S. Spot Bitcoin and Ether ETFs See Combined $755 Million Outflows

Spot Bitcoin exchange-traded funds (ETFs) in the United States experienced significant outflows on Monday, totaling $326.52 million, following record crypto liquidations over the weekend. Fidelity’s Wise Origin Bitcoin Fund (FBTC) reported the largest single outflow of $93.28 million, while Grayscale’s Bitcoin Trust (GBTC) saw $145.39 million withdrawn. Other funds, including Ark 21Shares Bitcoin ETF (ARKB) and Bitwise Bitcoin ETF (BITB), posted outflows of $21.12 million and $115.64 million, respectively. Despite the trend, BlackRock’s iShares Bitcoin Trust (IBIT) recorded inflows of $60.36 million.

As of now, cumulative inflows across all spot Bitcoin ETFs remain at $62.44 billion, with total net assets reaching $157.18 billion, representing 6.81% of Bitcoin’s market capitalization. Last week alone, the funds saw $2.71 billion in inflows.

Ether ETFs Also Hit by Withdrawals

Ether ETFs experienced even larger outflows, totaling $428.52 million. BlackRock’s iShares Ethereum Trust (ETHA) reported the biggest daily withdrawal at $310.13 million, followed by Grayscale’s Ethereum Trust (ETHE) with $20.99 million, and Fidelity’s Ethereum Fund (FETH) with $19.12 million. Smaller outflows were observed in Bitwise’s Ethereum ETF (ETHW) and VanEck’s Ethereum ETF (ETHV). Despite the outflows, ETHA remained the largest fund with $17.02 billion in net assets, holding a 3.29% market share. Daily trading volume across Ether ETFs reached $2.82 billion.

Market Factors Behind Outflows

The withdrawals coincided with a volatile crypto market, which saw $20 billion in liquidations over the weekend. The sell-off followed U.S. President Donald Trump’s announcement of 100% tariffs on all Chinese imports starting November 1, in response to Beijing’s new export restrictions on rare earth minerals.

Public companies and ETFs now control 12.2% of Bitcoin’s total supply, reflecting continued institutional accumulation throughout the year.

Investor Caution Prevails

Vincent Liu, Chief Investment Officer at Taiwan-based Kronos Research, told Cointelegraph that the outflows reflect investor caution following the recent market turmoil. He noted that investors are “staying on the sidelines, waiting for clearer macro direction before re-engaging,” and that market sentiment is currently driving activity more than fundamentals. Liu suggested that developments such as resolution of a potential U.S. government shutdown or progress in trade negotiations could restore confidence and reignite interest in both Bitcoin and Ether ETFs.