Bitcoin, Ether ETFs Record $660M, $186M Outfow for Monday
Bitcoin ETF and Ether ETF products dem bin suffer combined outflows of $660 million for di week wey end for April 12, wit Bitcoin ETFs (wey IBIT and BITO lead) lose $400 million, and Ether ETFs (like Grayscale, Valkyrie) drop $260 million. Dis kin crypto ETF outflows mean say traders dey collect profit and dey move money go altcoins before US inflation data and possible Fed policy signals. For Monday alone, spot Bitcoin ETFs withdraw $117 million and Ether ETFs $69 million. Di outflows happen as BTC and ETH prices drop 2-3% plus trading volumes fall 15% compared to di previous week. Even though short-term pressure dey downward, long-term demand for regulated crypto ETFs still strong, wit total assets under management still above $40 billion and money dey flow into altseason funds. Traders should dey watch for upcoming US CPI releases and Fed statements to catch any volatility or price reversal.
Bearish
Di combine outflows wey reach $660 million for di week plus extra $186 million on Monday show say Bitcoin and Ether ETFs dey experience serious selling pressure. Dis kind withdrawal dey happen alongside price small fall of 2–3% and trading volume drop, wey mean people dey collect profit and dey avoid risk ahead of US inflation and Fed policy announcements. Dis kain heavy selling fit continue to put short-term down pressure on BTC and ETH prices, even though long-term demand for regulated ETFs still strong.