Bitcoin ETFs marked their sixth consecutive day of redemptions, with a $150 million outflow, led by heavy withdrawals from Fidelity and Grayscale. Ether ETFs also saw no relief, shedding $38.79 million and slipping closer to the $5 billion net asset mark.
ETF Woes Deepen as Bitcoin and Ether ETFs See Combined $188 Million Outflows
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Six-Day Slide: Bitcoin ETFs Lose $150 Million, Ether ETFs Drop $38 Million
The heavy withdrawals continued for crypto exchange-traded funds (ETFs), with Thursday, April 10, marking the sixth straight day of outflows for bitcoin ETFs. The outflow of $149.66 million pulled from the U.S. spot ETFs reflected the broader market uncertainty, as investors continue to adopt a conservative strategy.
Fidelity’s FBTC led the sell-off, registering a steep $74.63 million outflow. Grayscale’s GBTC wasn’t far behind, shedding $44.63 million. Ark 21shares’ ARKB and Bitwise’s BITB followed with exits of $12.69 million and $10.82 million, while Franklin’s EZBC and Invesco’s BTCO closed the red column with $9.21 million and $7.55 million outflows.
Amid the retreat, one bright spot emerged: Grayscale’s Mini Bitcoin fund brought in a modest $9.87 million, the only inflow recorded for the day. Despite a relatively strong trading volume of $3 billion, total net assets dipped once again below the $90 billion mark to settle at $88.61 billion.
Meanwhile, ether ETFs fared no better. A combined outflow of $38.79 million dragged net assets down to $5.10 billion. Fidelity’s FETH accounted for the bulk with a $36.01 million exit. Vaneck’s ETHV ($4.44 million), Bitwise’s ETHW ($2.50 million), and Grayscale’s ETHE ($2.27 million) rounded out the day’s losses. The total trading volume for ether ETFs came in at $424.10 million.
With both BTC and ETH ETFs under pressure, the markets may be bracing for deeper corrections or simply repositioning ahead of macroeconomic catalysts. Either way, inflow momentum remains elusive.
