$BTC,
$ETH #ETFs Shed $755M as Investors React to Weekend #Crash
U.S. spot exchange-traded funds tracking
$BTC and
$ETH recorded combined net outflows totaling $755 million on Monday, following one of the largest liquidation events in crypto history.
Spot
$BTC 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
$BTC ETFs, recording positive inflows of $60.36 million. Funds from Fidelity, Ark & 21Shares, and VanEck all experienced withdrawals during Monday's trading session.
Spot
$ETH 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.
