- US Bitcoin and Ethereum ETFs saw $755 million in net outflows on October 13.
- Ethereum ETFs recorded $428.5 million in outflows, the largest single-day figure since early September.
- The capital flight follows a massive liquidation event triggered by renewed US-China trade tensions.
US spot exchange-traded funds tracking Bitcoin and Ethereum faced substantial redemptions on October 13, with combined net outflows totaling $755 million, per data from Farside Investors.
This development reverses the positive momentum from the prior week, when crypto investment products attracted over $488 million in inflows, underscoring the sector’s vulnerability to geopolitical events.
Ethereum bears the brunt. Spot Ethereum ETFs lost $428.5 million, marking the sharpest daily outflow since September 5. BlackRock’s ETHA accounted for $310.1 million of the exits, while Grayscale’s ETHE and Fidelity’s FETH saw $21 million and $19.1 million withdrawn, respectively.
Bitcoin ETFs weren’t spared, registering about $326.5 million in outflows amid the broader sell-off.
The exodus was precipitated by President Donald Trump’s Friday declaration of 100% tariffs on Chinese goods, igniting fears of a full-blown trade war. This catalyzed the largest liquidation cascade in crypto history, erasing an estimated $19-30 billion in leveraged positions over the weekend.
“The market is showing a defensive posture amid macroeconomic uncertainty,” noted Illia Otychenko, an analyst at CEX.IO.
Bitunix analyst Dean Chen described the reaction as a “short-term stress response,” emphasizing that Ethereum’s low leverage ratio and bullish technicals suggest resilience.
Broader market repercussions. Ethereum’s price declined 3.4% over the past 24 hours to around $3,984, while Bitcoin briefly dipped below $110,000. The overall crypto market capitalization contracted by more than $410 billion in the preceding session.
While persistent outflows could indicate a more profound shift in investor sentiment, current data points to a reactionary move rather than a structural change. Traders should monitor upcoming economic indicators and policy updates for further clarity.
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