Over $755M withdrawn from US Bitcoin and Ethereum ETFs after global $20B crypto liquidations.
Trade tensions over rare earth minerals and new tariffs triggered market uncertainty and a sell-off.
Monday saw major capital withdrawals in United States cryptocurrency exchange-traded funds amounting to more than $755 million in Bitcoin and Ethereum products. The huge exodus came after a weekend that had seen unprecedented liquidations of more than 20 billion across digital asset markets across the globe.
The mood of investors changed radically as trade tensions between Washington and Beijing intensified due to the restrictions on rare earth minerals.
Major Funds Witnessed Record Losses
Bitcoin ETFs lost a total of $326.52 million as investors pulled out due to exposure to risks in the face of increasing economic uncertainties. The flagship Bitcoin Trust by Grayscale had the largest redemption of $145.39 million, leaving the fund during the trading session on Monday alone.
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