Bitcoin and Ethereum Spot ETFs Bleed $755M as Post-Wipeout Fear Grips Traders

Core Insights - U.S. spot Bitcoin and Ethereum ETFs experienced a significant net outflow of $755 million on October 13, following a major liquidation event in the crypto market that resulted in a loss of over $500 billion [1][2][7] Bitcoin ETFs - Bitcoin spot ETFs recorded total outflows of $326.52 million, with BlackRock's iShares Bitcoin Trust (IBIT) being the only ETF to see inflows of $60.36 million, bringing its total net assets to $93.11 billion [2][4] - Grayscale's Bitcoin Trust (GBTC) faced the largest outflow at $145.39 million, accumulating a total net outflow of $24.35 billion [5] - The total net asset value of Bitcoin spot ETFs was $157.18 billion, accounting for 6.81% of Bitcoin's market capitalization, with trading volumes reaching $6.63 billion [6] Ethereum ETFs - Ethereum spot ETFs experienced net withdrawals of $428.52 million, with BlackRock's Ethereum ETF (ETHA) leading the outflows at $310.13 million [2][6] - The total net asset value of Ethereum spot ETFs fell to $28.75 billion, representing 5.56% of Ethereum's market capitalization, with cumulative inflows decreasing from $15.08 billion to $14.48 billion [7] - Ethereum prices dropped by 3.39% to $4,030 amid the market downturn [8] Market Context - The broader market decline was influenced by renewed U.S.–China trade tensions, particularly after U.S. President Donald Trump announced plans for a 100% tariff on Chinese imports, prompting fears of a prolonged trade war [7][8] - Despite the recent volatility, crypto investment products had attracted $3.17 billion in inflows in the previous week, indicating some resilience in investor interest [8]