Bitcoin exchange-traded funds saw $363.1 million in outflows on Monday, following the Federal Reserve’s rate cut announcement. Ethereum ETFs added another $76 million in redemptions, bringing total institutional withdrawals across major crypto products to $439 million.
Fidelity’s FBTC led the charge with $276.7 million in redemptions, while ARK 21Shares’ ARKB lost $52.3 million. Ethereum-focused ETFs weren’t immune: Fidelity’s $FETH saw $33.1 million exit, Bitwise’s $ETHW lost $22.3 million, and BlackRock’s $ETHA contributed $15.1 million in selling pressure.
These moves reversed much of last week’s positive inflows, as traders repositioned around monetary policy changes.
On-chain analyst Ali Martinez described the outflows as short-term positioning adjustments rather than bearish sentiment. Friday’s upcoming Personal Consumption Expenditures report could spark a reversal if inflation data aligns with expectations.
The ETF sell-off coincided with $376.2 million in crypto liquidations. Bitcoin positions accounted for $44 million, while Ethereum faced $53 million in forced closures. Dean Chen from Bitunix said this was profit-taking and de-leveraging, not structural bearishness. Technical analysis suggests that if positive ETF flows return within days, BTC could climb past $113,000 and ETH toward $4,200.
However, continued pressure could test Bitcoin support at $108,000 and Ethereum near $3,900. Last week’s inflows—$977 million for Bitcoin ETFs and $772 million for Ethereum products—highlight how volatile positioning can quickly reverse.
RG from Gyld Finance noted that leverage reduction, not macro pessimism, drove the selling. Fed rate cuts, equity market highs, and growing digital asset adoption continue to support long-term bullish fundamentals despite short-term volatility.
