Bitcoin ETFs Retreat After Brief Rebound as Ether ETFs Extend Outflow Streak
Bitcoin exchange-traded funds (ETFs) saw their recovery come to a sharp halt on Wednesday, April 16, logging a $170 million net outflow led by major withdrawals from Fidelity and Ark 21shares. Ether ETFs stayed firmly in the red, recording their seventh straight day of outflows.
The tide turned sharply as bitcoin ETFs looked poised to regain momentum. A staggering $169.87 million flowed out of the sector, ending a brief two-day recovery streak and reminding investors that market sentiment remains fragile.
While the day wasn’t entirely bearish, with 6 of the 12 U.S. spot bitcoin ETFs recording inflows, the scale of the redemptions from Fidelity’s FBTC ($113.80 million) and Ark 21shares’ ARKB ($113.25 million) wiped out any hope of net gains.
Source: Sosovalue
Blackrock’s IBIT led the modest inflow group with $30.58 million. It was followed by Bitwise’s BITB ($12.81 million), Invesco’s BTCO ($6.74 million), Grayscale’s Bitcoin Mini Trust ($3.36 million), Vaneck’s HODL ($2.38 million), and Valkyrie’s BRRR ($1.31 million). Total trading volume stood at $1.83 billion, while total net assets dipped slightly to $93.65 billion.
Meanwhile, ether ETFs remained stuck in reverse. Another $12 million in outflows marked the seventh consecutive red day for the segment. Grayscale’s ETHE led the downturn with $8.20 million in exits, followed by Blackrock’s ETHA ($4.27 million) and Franklin’s EZET ($1.78 million). A small $2.24 million inflow into Grayscale’s Ether Mini Trust offered little comfort.
With $392.98 million traded and total ether ETF assets now at $5.25 billion, the pressure continues to mount. Investors are still cautious and waiting for a firmer signal from the broader crypto market.