Crypto ETFs Drain $755 Million as Investors Seek Safe Havens Amid Market Volatility

Spot Bitcoin and Ethereum exchange-traded funds experienced massive outflows, signaling investor caution in the wake of escalating U.S.-China trade tensions. President Donald Trump’s renewed tariff threats targeting Chinese imports with a 100% levy starting November 1 have fueled this exodus. Notably, Grayscale’s GBTC alone shed $145.3 million, while BlackRock’s ETHA lost $310 million, according to SoSoValue data. This trend reflects investor anxieties amidst a volatile market where ETFs are vulnerable to short-term shifts.