BlackRock's IBIT stood as the lone bright spot among Bitcoin ETFs, recording positive inflows of $60.36 million.
Bitcoin News
U.S. spot exchange-traded funds tracking Bitcoin and Ethereum recorded combined net outflows totaling $755 million on Monday, following one of the largest liquidation events in crypto history.
Spot Bitcoin ETFs witnessed $326.5 million in negative flows, according to data from SoSoValue. Grayscale's GBTC led the exodus with $145.4 million in outflows, while Bitwise's BITB saw $115.64 million leave the fund.
BlackRock's IBIT stood as the lone bright spot among Bitcoin ETFs, recording positive inflows of $60.36 million. Funds from Fidelity, Ark & 21Shares, and VanEck all experienced withdrawals during Monday's trading session.
Spot Ethereum ETFs absorbed heavier losses with $428.5 million in net outflows across seven funds. BlackRock's ETHA alone recorded $310 million in redemptions, marking its second-worst performance since launching.
Vincent Liu, CIO at Kronos Research, attributed the outflows to post-liquidation caution among investors. He noted that sentiment is currently driving market activity more than fundamentals, with traders waiting for clearer macro signals before deploying additional capital.
The weekend saw over $500 billion wiped from crypto markets after President Donald Trump confirmed plans to impose a 100% tariff on Chinese imports. Prices dropped approximately 10% across the board before recovering as Trump softened his trade war rhetoric.
Min Jung, Research Associate at Presto Research, suggested the outflows represent short-term institutional risk management rather than a fundamental shift in sentiment. She expects ETF flows to stabilize as markets digest the volatility.
China's response came Tuesday morning, with officials stating readiness to "fight to the end" in the trade dispute. Markets reacted immediately, with Bitcoin dropping 2.54% to $112,283 and Ethereum falling 3.39% to $4,030.
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