2 days ago
US-listed spot Bitcoin exchange-traded funds posted their archetypal nett outflows successful 9 sessions arsenic BTC slipped beneath $77,000 connected Monday.
Bitcoin ETFs saw $263 cardinal successful nett outflows connected Monday, marking the archetypal outflows since mid-April, according to SoSoValue data.
The losses came aft spot ETFs drew $2.1 cardinal successful inflows since April 13 arsenic BTC roseate astir 10% implicit the period, according to CoinGecko.
Daily spot Bitcoin ETF inflows from April 13, 2026. Source: SoSoValue
Alongside Bitcoin's run, the Crypto Fear & Greed Sentiment Index connected Monday moved into “Neutral” territory for the archetypal clip successful 3 months, clocking a people of 47. However, the scale flipped backmost to “Fear” connected Tuesday arsenic BTC failed to widen its rally supra $80,000.
Fidelity’s Bitcoin ETF leads outflows astatine $150 million
The bulk of Monday’s losses came from the Fidelity Wise Origin Bitcoin Fund (FBTC), which saw $150 cardinal successful outflows, according to Farside.
The Grayscale Bitcoin Trust ETF (GBTC) and the ARK 21Shares Bitcoin ETF (ARKB) followed with astir $47 cardinal and $43 million, respectively.
Daily spot Bitcoin ETF inflows by issuer from April 20, 2026. Source: Farside
BlackRock’s iShares Bitcoin Trust ETF (IBIT) and the Morgan Stanley Bitcoin Trust ETF (MSBT) recorded level flows aft multi-day inflow streaks.
Related: Bitcoin leads $1.2B play inflows into crypto concern products
Negative sentiment besides extended to spot Ether ETFs, which posted $50.5 cardinal successful outflows connected Monday. XRP and Solana ETFs recorded zero inflows.
Bitcoin organization request outpaces mining supply
Bitcoin’s rally successful April came arsenic organization request acold outpaced mining supply.
Michael Saylor’s Strategy unsocial has purchased 56,235 BTC successful April truthful far, portion planetary ETFs added different 34,552 BTC connected behalf of their clients implicit the aforesaid period.
This compares with lone 11,829 BTC estimated to person been mined truthful acold this month, according to HODL15Capital data.
Source: HODL15Capital
CryptoQuant expert XWIN Japan said Bitcoin’s crisp diminution implicit the past fewer days was apt not driven by spot supply-demand imbalance, but by a “classic liquidity event” triggered by forced liquidations of leveraged agelong positions.
In earlier analysis, CryptoQuant said a rejection of the $80,000 level would awesome overhead proviso astatine that level, perchance extending the drawdown for some ETF investors and short-term whales.
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