Bitcoin ETFs Record First Outflows in Nine Days; BTC Below $77K
US-listed spot Bitcoin ETFs logged $263 million in net outflows Monday, the first in nine sessions, as Bitcoin slipped below $77,000.
US-listed spot Bitcoin exchange-traded funds recorded $263 million in net outflows on Monday, the first decline after nine straight days of inflows, as Bitcoin dipped below $77,000, data from SoSoValue show.
Since April 13, spot Bitcoin ETFs had attracted about $2.1 billion in net inflows while Bitcoin rose roughly 10%, according to CoinGecko. The Crypto Fear & Greed Sentiment Index registered 47 on Monday, moving into neutral territory, and fell back into fear on Tuesday after Bitcoin failed to hold gains above $80,000.
Issuer-level flows were concentrated in a few funds. Fidelity’s Wise Origin Bitcoin Fund (FBTC) led Monday’s outflows with roughly $150 million withdrawn, Farside data indicate. Grayscale’s Bitcoin Trust ETF (GBTC) and the ARK 21Shares Bitcoin ETF (ARKB) posted about $47 million and $43 million in outflows, respectively. BlackRock’s iShares Bitcoin Trust (IBIT) and Morgan Stanley’s Bitcoin Trust (MSBT) recorded flat flows after prior multi-day inflow streaks.
Spot Ether ETFs also saw outflows, posting about $50.5 million on Monday. ETF products tied to XRP and Solana showed no inflows during the session.
On the supply side, HODL15Capital estimates show Michael Saylor’s Strategy purchased about 56,235 BTC so far in April, while global ETFs added roughly 34,552 BTC for clients over the same period. Miners are estimated to have produced about 11,829 BTC to date this month, leaving institutional demand ahead of new mining supply, according to HODL15Capital.
CryptoQuant attributed the recent short-term price drop to a “classic liquidity event” driven by forced liquidations of leveraged long positions. Earlier CryptoQuant analysis warned that a failure to break and hold above $80,000 would create overhead supply at that level and could extend selling pressure for ETF investors and short-term large holders.
Monday’s net outflow interrupted a nine-day run of ETF additions that began in mid-April and coincided with Bitcoin’s recent advance toward $80,000.
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