U.S. spot Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) saw net outflows again on Monday, continuing the previous trend of net outflows, as investor sentiment remains fragile amid increasing political and macroeconomic uncertainty.
According to SoSoValue data, the spot Bitcoin ETF experienced a net outflow of $40.47 million on Monday, marking the fourth consecutive day of fund withdrawals. BlackRock's IBIT led the outflows with $100.65 million withdrawn. Fidelity's FBTC and Bitwise's BITB recorded inflows of $9.67 million and $12.05 million, respectively.
Since its inception, the spot Bitcoin ETF has accumulated a net inflow of $61.5 billion, with a total net asset value of $149.66 billion, accounting for approximately 6.76% of Bitcoin's market capitalization.
The spot Ethereum ETF also exhibited a similar trend, with a single-day net outflow of $145.68 million, marking the third consecutive trading day of fund withdrawals. BlackRock's ETHA saw a single-day outflow of $117.86 million, while Fidelity's FETH experienced an outflow of $27.82 million.
As political turmoil in the U.S. intensifies, funds continue to flow out. On Sunday, the government shutdown entered its 18th day, with "leaderless protests" erupting across the country, accusing the Trump administration of moving towards authoritarianism.
According to Politico, from Times Square in New York to Portland and Los Angeles, people chanted slogans like "Resist Fascism" and "People's Sovereignty."
Bitunix analysts, in a report shared with Cointelegraph, stated that the current political turmoil is not only a conflict between public opinion and power but also a stress test of confidence in the system.
Analysts warned that if the shutdown continues, its impact could spread from market liquidity to structural trust in the U.S. system.
They pointed out, "The next steps for the market may depend on whether national political institutions can restore consensus amid deep divisions."
Vincent Liu, Chief Investment Officer of Kronos Research, told Cointelegraph in an interview that the continued outflows from ETFs reflect a broader phase of de-risking.
Liu said, "Investors are locking in profits and waiting for new funds to enter; the overall risk appetite for both types of ETFs has decreased, and the buying depth has noticeably weakened."
He added that the political turmoil in the U.S. has heightened cautious sentiment in the market.
Liu noted, "The declining confidence in policy stability is driving funds towards defensive asset sectors."
Looking ahead, Liu expects market volatility to remain high as investors await clearer policy guidance.
He stated, "A clearer macro direction or a de-escalation of political tensions in the U.S. could restore confidence, reignite risk appetite, and drive ETF fund inflows."
Related: The head of Polygon says he has been "questioning his loyalty to Ethereum (ETH)."
Original article: “U.S. Political Turmoil Tests 'Institutional Confidence,' Cryptocurrency ETFs See Outflows”
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