By Nermeen Nabil Khear TLDR
- U.S. Bitcoin ETFs recorded $172.89 million in net outflows last week
- Investors withdrew approximately 700 Bitcoin from ETFs
- Grayscale GBTC experienced the largest outflows at $95.5 million
- Bitcoin price fell below $76,500, dropping 18.5% from its peak of $108,786
- Market sentiment turned cautious with Fear & Greed Index at 40
U.S. spot Bitcoin exchange-traded funds posted $172.89 million in net outflows over the past week. This reversal came after a positive two-week streak that had brought nearly $941 million into the funds. The outflows coincided with escalating trade tensions following President Donald Trump’s announcement of new tariffs.
Data from SoSoValue shows the 12 spot Bitcoin ETFs experienced outflows on four of the five trading days between March 31 and April 4. Monday saw $71.07 million leave the funds. Tuesday recorded $157.64 million in outflows.
The pattern continued with $99.86 million exiting on Thursday and $64.88 million on Friday. Wednesday provided the only positive data point with $220.76 million flowing into the funds.
Top ETF Performers and Losers
Grayscale’s GBTC bore the brunt of investor withdrawals, losing $95.5 million over the week according to Faside data. WisdomTree’s BTCW followed with $44.6 million in outflows.
Several other funds also faced redemptions. IBIT lost $35.5 million. BITB saw $24.1 million exit. ARKB experienced $22.2 million in outflows.
HODL funds recorded a more modest $4.9 million in net redemption. The data shows investors pulled back about 700 Bitcoin in total from these funds.
Not all ETFs suffered withdrawals. Grayscale’s spot Bitcoin Trust, Franklin Templeton’s EZBC, and Fidelity’s FBTC bucked the trend. These three funds attracted combined inflows of $61.8 million.
The remaining Bitcoin ETFs finished the week flat. This mixed performance indicates varying investor sentiment across different fund offerings.
Broader Market Context
The decline in ETF demand comes as Bitcoin posted its worst first-quarter performance since 2018. The cryptocurrency market faced pressure from multiple directions recently.
President Trump’s tariff plans sparked market anxiety. The proposals include a flat 10% on all imports and higher rates for certain trading partners. These announcements raised fears of a potential global trade war.
At press time, the overall crypto market had fallen nearly 10% in a 24-hour period. Bitcoin dropped 9.3%, breaking below the $76,500 level. BitMEX co-founder Arthur Hayes had previously warned this price point must hold to prevent deeper losses.
#Bitcoin ETFs saw outflows last week, offloading nearly 700 $BTC! pic.twitter.com/lbbYBtTxdD
— Ali (@ali_charts) April 6, 2025
The current Bitcoin price of $88,614 represents an 18.5% decline from its all-time high of $108,786. Daily trading volume reached $4.43 billion on April 4 as investors reacted to market conditions.
Bitcoin ETFs collectively manage $94.45 billion in assets. This represents ownership of approximately 5.65% of Bitcoin’s total market value.
Ethereum ETFs also faced investor withdrawals. These funds recorded $49.93 million in outflows last week. This marks six consecutive weeks of redemptions totaling over $795 million.
Market sentiment indicators reflect growing caution. The Fear & Greed Index currently reads 40, showing investor nervousness about current conditions.
The total cryptocurrency market cap stands at $3.01 trillion. Investors are balancing concerns about market volatility with external factors like Trump’s proposed 25% tariff on imported vehicles.
Other events affecting market confidence include a reported $1.4 billion hack of Bybit exchange. Bitcoin had previously shown some stability, trading between $94,000 and $98,000 in February before the recent decline.
The 12 U.S. Bitcoin ETFs have attracted $36.07 billion in total investment since their launch in January 2024. Despite the recent outflows, this figure matches the total incoming capital according to April 4 data.
The post Bitcoin ETFs Record $172.89 Million Weekly Outflows Amid Market Decline appeared first on Blockonomi.
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This articles is written by : Nermeen Nabil Khear Abdelmalak
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