Key Highlights
- Monday saw U.S. spot Bitcoin ETFs experience $291 million in net withdrawals, representing the highest daily outflow since March 27.
- Bitcoin climbed approximately 5% during Monday’s session, approaching the $75,000 price level and achieving a four-week peak.
- Fidelity Wise Origin Bitcoin Fund accounted for the bulk of redemptions with $229 million in withdrawals, per Farside statistics.
- BlackRock’s iShares Bitcoin Trust received approximately $35 million in fresh capital, continuing its four-session positive flow trend.
- Spot Ethereum ETFs registered $9.4 million in new investments, XRP products gained $1.5 million, and Solana funds remained flat.
U.S.-based spot Bitcoin exchange-traded funds experienced $291 million in net capital withdrawals during Monday’s trading. The outflow represents the most significant single-session exit since March 27, based on SoSoValue statistics. During this same period, [[LINK_START_0]]Bitcoin[[LINK_END_0]] advanced roughly 5% and approached the $75,000 threshold.
Major ETF withdrawals coincide with Bitcoin’s rally to four-week high
Farside reported that American spot Bitcoin ETFs registered $291 million in redemptions during a single trading day. This amount marks the highest daily capital exit observed since late March. Simultaneously, Bitcoin appreciated nearly 5% and touched a four-week peak near $75,000.
The Fidelity Wise Origin Bitcoin Fund dominated the withdrawal activity with $229 million in outflows, according to Farside statistics. Redemptions remained concentrated among specific products rather than distributed evenly. This concentration indicates targeted portfolio adjustments rather than widespread market exodus.
Following Monday’s trading activity, spot Bitcoin ETFs returned to negative territory on a year-to-date basis. Current annual data reveals approximately $160 million in aggregate net withdrawals. This development erased previous accumulation recorded during earlier positive flow cycles.
Market statistics revealed that BlackRock’s iShares Bitcoin Trust secured nearly $35 million in fresh investments on Monday. The fund maintained its positive flow momentum for the fourth consecutive session. Throughout this period, the product accumulated roughly $482 million in new investor capital.
Morgan Stanley’s Bitcoin Trust ETF, which commenced operations on April 8, demonstrated consistent capital inflows. The product maintained four consecutive days of net subscriptions following its market debut. During this initial window, it gathered around $68 million in total investments.
Alternative crypto ETFs show varied performance as market sentiment gauge improves
Spot [[LINK_START_3]]Ethereum ETFs[[LINK_END_3]] attracted $9.4 million in new capital on Monday. These products extended their positive flow streak to three consecutive sessions. Across these trading days, they collected nearly $160 million in combined inflows.
XRP-focused investment products secured $1.5 million in fresh capital during Monday’s session. Meanwhile, Solana-linked funds showed zero net activity. These figures demonstrate steady positioning among certain alternative cryptocurrency products.
The Crypto Fear & Greed Index crossed above 20 for the first occurrence since March 19. The measurement registered at 21, though it continues to reside within “extreme fear” classification. This movement signals modest enhancement in overall market sentiment.
CryptoQuant analysts examined the recent price action and fund activity in their market assessment. They noted that “a lasting recovery would require the return of fresh capital to derivatives markets.” They further emphasized that increasing open interest would validate a more robust upward trajectory.
Bitcoin exchanged hands near $74,000 following its earlier approach of the $75,000 threshold during the session. Market data indicated that the price surge occurred alongside the ETF capital exits. Current statistics position spot Bitcoin ETFs at roughly $160 million in net outflows on a year-to-date basis.
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