Bitcoin ETF market steadies as BlackRock sees modest inflows with only outflows from Fidelity
Spot Bitcoin ETFs showed early signs of stabilizing in mid-April following an aggressive seven-day period of outflows exceeding $872 million triggered by intensified US-China trade tensions.
After ETF withdrawals tapered on April 10 with $14.9 million in outflows, activity nearly halted on April 11, recording minimal outflows of just $1 million.
This reduction indicated cautious market sentiment and an emerging pause among investors reassessing Bitcoins stability around the $85,000 mark.
April 14 marked a turning point, ending the prolonged outflow streak with modest net inflows totaling $1.5 million.
Notably, Fidelitys FBTC ETF recorded substantial withdrawals of $35.2 million, highlighting continued profit-taking or strategic repositioning by certain institutional investors, reflecting lingering caution.
In contrast, BlackRocks IBIT ETF attracted $36.7 million, effectively offsetting Fidelitys losses and signaling selective confidence returning to the ETF market.
Overall, ETF market enthusiasm remains muted compared to previous bullish phases, indicating that investors remain watchful, awaiting clearer signals from both macroeconomic conditions and sustained Bitcoin price stability.
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Text source: CryptoSlate
