Cointime

Cointime

Download App
iOS & Android

Spot bitcoin ETFs end positive streak with $438 million outflows; BTC dips to $94,500

Cointime Official

From theblock by Danny Park

Quick Take

  • U.S. spot bitcoin ETFs reported a total daily outflow of $438 million on Monday.
  • Monday’s net outflow ended a five-day streak of net inflows that brought $3.4 billion into the spot bitcoin ETFs.
  • Meanwhile, bitcoin has retraced some of its gains over the past few days, now trading at around $94,500.

Spot bitcoin exchange-traded funds in the U.S. saw a total negative flow of nearly $438.4 million on Monday, ending a five-day streak of net inflows that had brought in almost $3.4 billion.

Seven bitcoin ETFs recorded net outflows on Monday, led by Bitwise's BITB with over $280 million in outflows, according to data from SoSoValue.

Grayscale’s GBTC followed with $158.2 million in outflows. Fidelity’s FBTC saw $134.7 million in outflows, while Ark and 21Shares’ ARKB logged outflows of $110.9 million. Spot bitcoin funds from Invesco, Valkyrie and VanEck also reported negative flows for the day.

Only two spot bitcoin ETFs saw positive flows. BlackRock's IBIT, the largest spot bitcoin ETF with $31.6 billion in cumulative inflows, experienced net inflows of $267.8 million. Grayscale's Mini Bitcoin Trust also reported modest inflows of $420,460.

On Monday, the 12 bitcoin ETFs traded a total of $5.6 billion, slightly up from $5.4 billion last Friday. Their cumulative total net inflow stood at $30.4 billion. The funds collectively hold total net assets worth $102.2 billion, representing about 5.4% of the entire bitcoin market capitalization.

Meanwhile, bitcoin has retraced some of its gains this week, dropping to around $94,500 after reaching a high near $100,000 last week. It fell 3.55% in the past 24 hours and is currently trading at $94,515 at the time of writing, according to The Block’s bitcoin price page.

Spot Ethereum ETFs in the U.S. recorded modest inflows of $2.8 million on Monday. Three funds from Bitwise, Fidelity and VanEck saw net inflows, while 21Shares’ fund and Grayscale’s two ETFs reported net outflows.

The nine ether funds' total trading volume expanded to $711.2 million yesterday, up from $373.9 million last Friday. Their cumulative flow total stood at $109 million.

Comments

All Comments

Recommended for you

  • Iranian Official Says Second Round of Talks with US Possible in Coming Days

    On April 26, a day earlier in local time, an Iranian diplomatic official stated that Iran and the US delegation might hold a second round of negotiations in the coming days. It is understood that Iran has conveyed a message to the US, requesting President Trump to reduce threatening rhetoric. The official also indicated that if the US stance becomes more conciliatory, hardliners within Iran would be more likely to support participation in the negotiations. (CCTV News)

  • Trump: Uncertain if He Was Target of Shooter's Attack

    On April 27, President Trump was interviewed by CBS and was asked whether he was the target of the attacker at the White House Correspondents' Dinner. He responded, 'I don't know. It sounds like he is an extreme person. From what he has written, he has been through a lot. His brother has complaints about him, and his sister is also dissatisfied with him. His family is very concerned about him. He is likely a person with very poor mental health.' (Dongxin News Agency)

  • Iran Proposes Three-Phase Negotiation Plan

    On April 27, according to CCTV, sources from Iran stated that Iran has conveyed a three-phase negotiation plan to the U.S. through intermediaries. The focus of the first phase of negotiations is to completely end the war and obtain guarantees to prevent the resumption of hostilities against Iran and Lebanon. If an agreement is reached in the first phase, the parties will move into the second phase, which will specifically address the management of the Strait of Hormuz. The third phase will involve discussions related to nuclear issues, but Iran will not engage in nuclear negotiations until agreements are reached in the first two phases.

  • BTC Falls Below $78,000

    Market data shows that BTC has fallen below $78,000, currently priced at $77,999.41, with a 24-hour increase of 0.76%. The market is experiencing significant fluctuations, so please ensure proper risk management.

  • Michael Saylor Releases New Bitcoin Tracker Information, Potential Disclosure of Increased Holdings Next Week

    On April 26, Strategy founder Michael Saylor released new information related to the Bitcoin Tracker, captioned: 'The ₿eat Goes On..'. According to previous patterns, Strategy typically discloses information about increased Bitcoin holdings the day after relevant news is released.

  • BTC Surpasses $78,000

    Market data shows that BTC has surpassed $78,000, currently priced at $78,042.78, with a 24-hour increase of 0.69%. The market is experiencing significant volatility, so please ensure proper risk management.

  • Trump: Does Not Believe Shooting Incident is Related to Iran Conflict

    On April 26, U.S. President Trump stated (when asked if the shooting incident was related to the Iran conflict) that he does not believe so. (Jinshi)

  • Latest Progress on DeFi United Ecological Rescue Initiative: Over 100,000 ETH Raised at Designated Donation Address

    On April 26, the DeFi United ecological rescue initiative, led by Aave, continues to advance. The Arbitrum DAO has released 30,765 ETH that was frozen after the rsETH incident on April 18. Currently, the designated donation address has raised a total of 100,360 ETH to address the collateral asset gap caused by the rsETH incident. The plan aims to restore the backing assets of rsETH through multi-party collaboration, stabilize the market, and prevent the spread of bad debts across protocols. The funds will be used to support the restoration of collateral rates and to gradually normalize the market in conjunction with relevant protocols. Key contributors or participants currently include: Arbitrum DAO releasing 30,765 ETH frozen after the rsETH incident, Mantle proposing to contribute 30,000 ETH, Aave DAO proposing to contribute 25,000 ETH, Aave founder Stani Kulechov confirming a contribution of 5,000 ETH, EtherFi proposing to provide 5,000 ETH, Lido proposing to provide 2,500 stETH, and the Golem Foundation and related projects contributing a total of 1,000 ETH, among others. Additionally, LayerZero, Ethena, Frax Finance, and Ink Foundation have also confirmed their participation, although the specific amounts have not yet been disclosed. It is important to note that the progress of this rescue initiative still relies on several external key conditions, including KelpDAO's restoration of rsETH redemptions and the Arbitrum Security Council's release of frozen assets, resulting in uncertainty regarding the overall recovery time and effectiveness.

  • Trump Evacuated from White House Correspondents' Dinner Due to Security Incident

    On April 26, local time April 25, U.S. President Trump was urgently evacuated from the White House Correspondents' Dinner due to a security incident. (CCTV News)

  • Shooting Incident at White House Correspondents' Dinner; Gunman Dead

    On April 26, local time on April 25, a shooting incident occurred in the hall of the White House Correspondents' Dinner, and the gunman is now deceased. (CCTV News)

Daily Must-Read

Popular Activities

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

April 30 - April 30
Dubai

Popular Tags

Cointime
News
Contents
RSS
Company