Bitcoin ETFs ended the week with a 7th straight day of outflows, though losses were modest at just $1 million. Meanwhile, ether ETFs recorded a more pronounced $29.20 million exit, led by Grayscale’s ETHE.
Bitcoin ETFs Log 7th Day of Outflows as Ether ETFs Shed $29 Million
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Bitcoin ETF Sees Modest Exit While Ether ETFs Outflows Accelerate With $29 Million Pullback
As the trading week ended on Friday, April 11, bitcoin ETFs recorded their 7th consecutive day of outflows, but this time, the bleed slowed to a trickle. Just $1.03 million left the ETF funds, reflecting a relatively calm session after a week of heavy volatility.
Only two ETFs saw any movement. Bitwise’s BITB posted a $12.31 million outflow, continuing its tough week, while Ark 21shares’ ARKB stood out as the lone inflow of the day, bringing in $11.28 million. The other 10 bitcoin ETFs were quiet, showing no trading activity.
Total net flows may have been minimal, but the continuation of the outflow streak underscores the lingering caution among investors.
The ether ETF market didn’t fare as well. Outflows accelerated again, with $29.20 million exiting the space. Grayscale’s ETHE bore the brunt of the withdrawals, losing $26.05 million, while Bitwise’s ETHW saw a $3.15 million outflow.
Despite the muted flows on the bitcoin side, both markets continue to trend downward. It was a quiet end to a volatile week, perhaps the calm before another storm, as traders look ahead to macroeconomic updates and market catalysts that could reignite movement in either direction.
