After more than a week of uninterrupted gains, both bitcoin and ether ETFs saw net outflows on Wednesday, April 30. Bitcoin ETFs lost $56 million, while ether ETFs gave back $2.36 million, pausing the recent bullish streak.
ETF Momentum Breaks: Bitcoin and Ether Funds Record Net Outflows After Strong Run
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Bitcoin ETFs See $56M Outflow, Snapping 8-Day Inflow Streak As Ether ETFs Slip Too
The inflow party took a breather on Wednesday, April 30, as both bitcoin and ether ETFs posted net outflows, halting multi-day streaks that had stirred optimism across the crypto markets.
Bitcoin ETFs snapped their impressive 8-day inflow run with a net outflow of $56.23 million. Fidelity’s FBTC led the withdrawals, shedding $137.49 million, followed closely by Ark 21shares’ ARKB with $130.79 million. Grayscale’s GBTC and Bitwise’s BITB added to the exodus with outflows of $31.96 million and $23.02 million, respectively.
Despite a robust $267.02 million inflow into Blackrock’s IBIT, the fund’s strength wasn’t enough to counterbalance the broader losses. Trading volume stood at $2.39 billion, while total net assets dipped to $108.58 billion.
Ether ETFs, which had posted four consecutive days of inflows, also hit a speed bump. A modest $2.36 million net outflow emerged after Grayscale’s ETHE saw a $7.13 million exit and Bitwise’s ETHW lost $1.02 million. Fidelity’s FETH brought in $5.08 million, partially easing the downturn.
Total trading activity in ether ETFs came in at $176.42 million, with net assets closing slightly lower at $6.17 billion.
Whether this pullback signals a broader shift or just a brief pause remains to be seen, but for now, the relentless inflow momentum has been checked.
