Bitcoin and Ethereum ETFs See $755 Million Withdrawn After Volatile Weekend

The cryptocurrency market started the week on a cautious note as Bitcoin and Ethereum exchange-traded funds (ETFs) in the United States saw large outflows on Monday. These large drawdowns came immediately after a volatile weekend marked by record levels of forced liquidations across the digital asset space.

Bitcoin ETFs See Large Withdrawals

According to data from Farside Investors, BTC ETFs reported total daily outflows of approximately $326 million. Among Bitcoin-focused funds, the Grayscale Bitcoin Trust (GBTC) suffered the largest drawdown, losing $145.4 million. The Bitwise Bitcoin ETF (BITB) followed with $115.6 million in outflows while Fidelity's FBTC saw $93.3 million in outflows from the fund.

Smaller amounts came out of the Ark 21Shares Bitcoin ETF (ARKB) and VanEck's HODL, with $21.1 million and $11.4 million withdrawn, respectively.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 contributionsmaking it the only major BTC ETF to post net gains on the day. Although this contribution provided a slight counterbalance, it was not enough to offset the overall negative trend observed in other funds.

Despite Monday's losses, spot Bitcoin ETFs continue to play a major role in the market. SoSoValue data shows that total flows to these funds reached 62.44 billion dollars since their launch. Collectively, they now hold $157.18 billion in assets, or approximately 6.81% of the total Bitcoin market value. Over the past week, these ETFs attracted $2.71 billion in new flows, demonstrating steady institutional interest despite recent volatility.

Ethereum ETFs See Larger Outflows

Ethereum funds suffered even greater losses than Bitcoin. On Monday, US-listed ETH ETFs saw gains combined outflows of approximately $428.5 million. Here is the breakdown of the figures between the main funds:

• BlackRock's iShares Ethereum Trust (ETHA) saw the largest withdrawal, with investors withdrawing $310.13 million from the fund.
• Grayscale's ETH product saw $49.7 million outflows, while ETHE saw an additional $21.0 million in outflows.
• Fidelity’s FETH followed with $19.12 million withdrawn by investors.
• Smaller outflows were also recorded for Bitwise's ETHW and VanEck's ETHV, which lost $12.8 million and $9.3 million, respectively.

Strong ETF outflows following market volatility

Together, Bitcoin and Ethereum ETFs saw outflows of over $755 million yesterday. These withdrawals followed a weekend of sharp market swings, during which cryptocurrency liquidations reached a record $20 billion.

The broader sale came after President Donald Trump announced that the United States will impose 100% tariffs on all Chinese imports starting November 1. The move, made in response to Chinese restrictions on exports of rare earth minerals, added uncertainty to 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 waiting clearer economic signals before taking new positions, noting that recent trading activity has been driven more by market sentiment than underlying fundamentals.

Bitcoin and Ethereum investors retreat as fear mounts

Furthermore, the sharp correction in crypto prices has clearly affected trading behavior. Julio Moreno, head of research at CryptoQuant, noted that open interest in Bitcoin and Ethereum has fallen sharply since last Friday. The drop equates to around 77,000 Bitcoin contracts and 1.67 million Ethereum contracts, showing that many traders exited their positions.

Market sentiment data reinforces this cautious mood, with the Crypto Fear and Greed Index falling to 38 from 70 just a week earlier. This rapid change shows how quickly optimism gave way to fear after recent market volatility.