Bitcoin ETFs See Continued Outflows Despite Price Recovery
The latest data shows that outflows are persistingeven as the broader crypto market shows signs of short-term strength.
On April 11, Bitcoin spot ETFs recorded $1.02 million in net outflows, marking the seventh consecutive day of losses, according to figures from Farside.
ARKB stood out as the only gainer, recording $11.28 million in inflows and BITB shed $12.3 million, the largest withdrawal of the day.
Major funds such as IBIT, FBTC, BTCO, BTCW, BRRR, EZBC, HODL, GBTC, DEFI, and BTC all posted no net activity.
Meanwhile, Ethereum ETFs took an even bigger hit, losing more than $29 million and extending their own losing streak to four days.
April Outflows Already Surpass All of March
Less than halfway through the month, Bitcoin ETF outflows have reached $813.89 million, already surpassing Marchs total.
On April 10 alone, ETFs lost $149.66 million, capping off six days of steady withdrawals.
This trend underscores a growing investor hesitancy, even as spot prices edge higher.
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Text source: Coindoo
