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]

Group 1: Bitcoin ETFs Performance - Bitcoin exchange-traded funds (ETFs) experienced $258.4 million in net outflows on September 25, indicating ongoing volatility in institutional flows [1] - The total assets held by Bitcoin spot ETFs have decreased to $144.3 billion, which is 6.64% of Bitcoin's market capitalization [3] - Historical cumulative inflows for Bitcoin ETFs stand at $57.2 billion, with total trading volume on September 25 reaching $5.42 billion [4] Group 2: Major Issuers and Inflows - BlackRock's iShares Bitcoin Trust (IBIT) was the only ETF to attract inflows, gaining $79.7 million, and remains the market leader with $84.35 billion in net assets [2] - Other major issuers faced significant withdrawals, with Fidelity's Wise Origin Bitcoin Fund (FBTC) losing $114.8 million, Grayscale's GBTC losing $42.9 million, and Ark Invest's ARKB shedding $63.05 million [2][3] Group 3: Ethereum ETFs Performance - Ethereum ETFs reported $251.2 million in net outflows on September 25, bringing cumulative inflows to $13.37 billion and total assets under management to $25.6 billion, or 5.46% of ETH's market cap [4] - Fidelity's FETH led the declines in Ethereum products with $158.1 million in outflows, while Grayscale's ETHE lost $30.3 million [5] Group 4: Recent Trends in Outflows - Ethereum products have seen over $500 million in outflows over the last four days, with significant redemptions occurring on September 22 ($76 million) and September 23 ($140.7 million) [5][6] - Bitcoin ETFs also faced sharp swings, losing $363 million on September 22 and $244 million on September 23, before rebounding with $241 million in inflows on September 24 [6]