US spot Bitcoin, Ether ETFs shed $755M after crypto market crash

Spot Bitcoin and Ether ETFs faced heavy outflows on Monday as investors grew cautious following a record $20 billion weekend liquidation.

Spot Bitcoin and Ether exchange-traded funds (ETFs) in the United States saw combined outflows of more than $755 million on Monday following record crypto liquidations over the weekend.

Bitcoin (BTC) ETFs recorded a net outflow of $326.52 million, according to SoSoValue data. Fidelity’s Wise Origin Bitcoin Fund (FBTC) saw the largest outflow at $93.28 million, while Grayscale’s Bitcoin Trust (GBTC) recorded a $145.39 million outflow.

Other notable funds, including Ark 21Shares Bitcoin ETF (ARKB) and Bitwise Bitcoin ETF (BITB), also posted daily outflows of $21.12 million and $115.64 million, respectively. However, BlackRock’s iShares Bitcoin Trust (IBIT) saw $60.36 million in inflows.

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