Bitcoin ETFs bounced back from 3 consecutive days of outflows with a massive $221 million inflow, driven by strong interest in ARKB and FBTC. Meanwhile, Ether ETFs continued their struggles, registering a $51 million outflow, led by Grayscale and Blackrock’s funds.
Bitcoin ETFs Rally With $221 Million Inflow as Ether ETFs See Heavy Sell-Off
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Bitcoin ETFs Snap Losing Streak With Massive Inflow
After 3 days of relentless outflows, bitcoin exchange-traded funds (ETFs) roared back on Wednesday, April 2, recording a massive $220.76 million inflow in a show of renewed investor confidence.
The comeback was fueled by strong inflows into Ark 21Shares’ ARKB, which pulled in $130.15 million, and Fidelity’s FBTC, which added another $118.79 million. Even with Blackrock’s IBIT seeing a significant $115.87 million exit, the overall sentiment was overwhelmingly bullish.
Other ETFs also contributed to the inflow rally, as Grayscale’s BTC brought in $34.28 million, Bitwise’s BITB added $33.38 million, and Franklin’s EZBC secured $10.01 million. Vaneck’s HODL and Valkyrie’s BRRR rounded up the list with $7.33 million and $2.69 million, respectively.
By the end of the trading day, bitcoin ETFs saw a total trading volume of $2.51 billion, with net assets rebounding to $97.35 billion.
The story was different for ether ETFs, which continued their downward trend with a steep $51.24 million outflow. Grayscale’s ETH fund led the decline with a $31.08 million exit, while Blackrock’s ETHA saw $20.17 million leave its coffers.
The rest of the ether ETFs remained stagnant with no notable activity. Trading volume in the ether ETF space reached $236.69 million, with net assets dipping to $6.49 billion.
As markets digest these inflows and outflows, all eyes are on whether bitcoin ETFs can sustain this momentum or if ether ETFs can stage a reversal of their own.
