Bitcoin, Ether ETFs Record $660M, $186M Monday Outflows
Bitcoin ETF and Ether ETF products saw combined outflows of $660 million in the week ending April 12, with Bitcoin ETFs (led by IBIT and BITO) losing $400 million and Ether ETFs (including Grayscale, Valkyrie) shedding $260 million. These crypto ETF outflows reflect trader profit-taking and rotation into altcoins ahead of US inflation data and potential Fed policy signals. On Monday alone, spot Bitcoin ETFs recorded $117 million in net withdrawals and Ether ETFs $69 million. The outflows coincided with a 2–3% pullback in BTC and ETH prices and a 15% drop in trading volumes versus the prior week. Despite short-term downward pressure, long-term demand for regulated crypto ETFs remains robust, with total assets under management still above $40 billion and inflows into altseason funds. Traders should watch upcoming US CPI releases and Fed statements for volatility triggers and potential price reversals.
Bearish
The combined outflows of $660 million over the week and an additional $186 million on Monday indicate significant selling pressure on Bitcoin and Ether ETFs. These withdrawals coincide with price dips of 2–3% and a drop in trading volumes, reflecting profit-taking and risk-off sentiment ahead of US inflation and Fed policy announcements. This heightened selling is likely to extend short-term downward pressure on BTC and ETH prices, although long-term demand for regulated ETFs remains intact.