Bitcoin ETFs Edge Back Into Positive Territory While Ether ETFs Log Another $6 Million Exit
Bitcoin ETFs finally reversed course on Monday with a modest $1.4 million inflow, breaking a week-long outflow streak. Ether ETFs, however, extended their losing trend with a $5.98 million exit led by withdrawals from Fidelity’s FETH.
After 7 consecutive days of redemptions, Bitcoin ETFs posted a much-needed, if modest, reversal. Monday, April 14 saw a net inflow of $1.47 million, bringing a temporary sigh of relief after a bruising week of capital flight.
The day’s activity was concentrated in just two funds. Blackrock’s IBIT led the charge with a $36.72 million inflow, while Fidelity’s FBTC saw $35.25 million pulled from its fund. The remaining 10 spot Bitcoin ETFs remained quiet, with no recorded flows. Still, total trading volume came in at a healthy $2.16 billion, and net assets ticked up to $94.69 billion.
Source: Sosovalue
While Bitcoin ETFs found their footing, Ether ETFs weren’t as fortunate. The segment recorded another $5.98 million in outflows, driven primarily by Fidelity’s FETH, which lost $7.78 million. The bleeding was slightly cushioned by a $1.80 million inflow into 21shares’ CETH, but it wasn’t enough to push the overall number into positive territory.
Total value traded for Ether ETFs stood at $285.64 million, with total net assets settling at $5.47 billion by the end of the session.
As both markets start the new week, all eyes will be on whether Bitcoin’s return to inflows can gain traction and if Ether can finally break its persistent outflow cycle.