PiCK
US Bitcoin ETFs Post $124.25 Million in Net Outflows as Institutional Pullback Deepens
Summary
- The spot Bitcoin ETF market posted net outflows of $124.25 million, extending the withdrawal of institutional money.
- Fidelity FBTC, Ark ARKB, and Grayscale GBTC recorded large outflows, leading the broader decline.
- BlackRock's IBIT was the only fund to post net inflows, with $40.67 million, but the broader trend still points to weakening institutional investment demand.
Forecast Trend Report by Period
Institutional money continued to exit the spot Bitcoin ETF market.
US-listed spot Bitcoin ETFs recorded net outflows of $124.25 million on April 8, according to data compiled by Trader T.
Fidelity's FBTC led the outflows with $79.12 million withdrawn, followed by Ark's ARKB with $74.7 million. Grayscale's GBTC also posted net outflows of $11.1 million.
By contrast, BlackRock's IBIT attracted $40.67 million, making it the only major ETF to record net inflows.
Bitwise, Invesco, Franklin, Valkyrie, VanEck and WisdomTree were flat, with no inflows or outflows.
The market has seen funds concentrate in a small number of ETFs, but overall net outflows have persisted, suggesting institutional investment demand remains weak.
YM Lee
20min@bloomingbit.ioCrypto Chatterbox_ tlg@Bloomingbit_YMLEE
