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4h ago

Bitcoin and Ether ETFs See $755 Million One-Day Outflow as IBIT Defies the Trend

Flows reflect a risk-off turn following a tariff shock.

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Overview

  • U.S.-listed spot funds shed about $755 million on Oct. 13, with Bitcoin ETFs down $326.5 million and Ethereum products down $428.5 million, the largest combined withdrawal in weeks.
  • Redemptions were concentrated in Grayscale’s GBTC ($145.3 million), Bitwise’s BITB ($115.6 million), and Fidelity’s FBTC ($93.2 million), while no ETH fund reported inflows.
  • BlackRock’s iShares Bitcoin Trust drew $60.4 million in new money Monday and has recorded 10 straight sessions of inflows, totaling $134 million over the past two trading days.
  • Bitcoin hovered near $111,000–$112,000 on Tuesday after a weekend plunge briefly to roughly $103,000–$104,000, while Ether traded near $4,000 as risk appetite stayed muted.
  • Spot Bitcoin ETF turnover surged during the turbulence, with combined volume around $9.7 billion on Oct. 10 and $6.7 billion on Oct. 13, including roughly $6.9 billion in IBIT volume on Oct. 10.