Bitcoin ETFs End the Week With 7th Straight Day of Outflows, Though Losses Were Modest

Bitcoin ETFs ended the week with a 7th consecutive day of outflows, but this time, the bleed slowed to a trickle.

Bitcoin ETFs experienced a 7th straight day of outflows on Friday, April 11, with the rate of outflows slowing considerably. Overall, bitcoin ETFs saw a modest $1.03 million exit, compared to the heavier outflows seen earlier in the week. This minimal change comes after a week of intense volatility and trading activity.

Among the two bitcoin ETFs that saw any movement, Bitwise’s BITB posted a larger $12.31 million outflow, continuing its poor performance throughout the week. On the other hand, Ark 21shares’ ARKB stood out as the only ETF to see an inflow, with a total of $11.28 million flowing into the fund. The remaining 10 bitcoin ETFs showed no trading activity on Friday.

While the net flows were minimal, the continuation of the outflow streak may indicate some lingering caution among investors.

In contrast to the bitcoin market, ether ETFs saw a more pronounced outflow, with a total of $29.20 million exiting the space. The majority of the outflows came from Grayscale’s ETHE, which saw a $26.05 million pullback. Bitwise’s ETHW also saw a smaller outflow of $3.15 million.

The minimal bitcoin flows and the large ether outflows come after a week of macroeconomic updates and market catalysts that drove significant price movements. As the dust settles, it remains to be seen what new catalysts will emerge to spark further trading activity in either direction.