Key Highlights
- Spot Bitcoin ETFs in the U.S. experienced $291 million in net withdrawals on Monday, representing the highest single-day outflow since March 27.
- Bitcoin climbed approximately 5% during the trading session, reaching nearly $75,000—a four-week peak.
- Fidelity Wise Origin Bitcoin Fund drove the majority of withdrawals, accounting for $229 million in outflows per Farside data.
- BlackRock’s iShares Bitcoin Trust bucked the trend, securing almost $35 million in new investments and maintaining its four-day positive streak.
- Ethereum spot ETFs registered $9.4 million in fresh capital, XRP products gained $1.5 million, and Solana funds remained flat.
U.S.-based spot Bitcoin exchange-traded funds witnessed $291 million in net withdrawals during Monday’s trading session. The exodus represents the most significant single-day departure since March 27, based on SoSoValue analytics. Simultaneously, [[LINK_START_0]]Bitcoin[[LINK_END_0]] climbed roughly 5% to approach the $75,000 price point.
Major Bitcoin ETF withdrawals occur as cryptocurrency reaches monthly peak
Farside data indicated that American spot Bitcoin ETFs suffered $291 million in outflows within a single trading day. This withdrawal amount stands as the most substantial daily decline since the final week of March. During this period, Bitcoin appreciated nearly 5% to hit a four-week pinnacle approaching $75,000.
Fidelity Wise Origin Bitcoin Fund dominated the outflow activity, registering $229 million in redemptions according to Farside’s tracking. The withdrawals remained concentrated within specific products rather than distributed uniformly across all available funds. This distribution pattern suggests targeted portfolio adjustments rather than widespread market pessimism.
Following Monday’s trading activity, spot Bitcoin ETFs returned to net negative flows for the calendar year. Current year-to-date statistics reveal approximately $160 million in aggregate net outflows. This development erased previous positive momentum accumulated during earlier inflow cycles.
Trading records demonstrate that BlackRock’s iShares Bitcoin Trust secured nearly $35 million in fresh investments on Monday. This performance marked the fourth consecutive trading session of positive flows for the fund. Throughout this four-day window, it amassed roughly $482 million in additional capital.
Morgan Stanley’s Bitcoin Trust ETF, which debuted on April 8, has maintained consistent inflows since launch. The product has registered four uninterrupted days of net subscriptions following its market entry. During this initial phase, it collected approximately $68 million in investor capital.
Alternative cryptocurrency ETFs show varied performance as market sentiment gauge improves
Spot Ethereum ETFs documented $9.4 million in new investments on Monday. These products have now registered three straight days of positive flows. Across these sessions, they attracted nearly $160 million in combined inflows.
XRP-centered funds secured $1.5 million in additional capital during Monday’s trading. Conversely, Solana-associated funds showed zero net activity. These figures indicate steady positioning among certain altcoin investment vehicles.
The Crypto Fear & Greed Index climbed above the 20 threshold for the first occasion since March 19. The metric posted a reading of 21, though it continues to inhabit “extreme fear” classification. This shift demonstrates a modest enhancement in overall market sentiment.
CryptoQuant analysts weighed in on the recent price action and fund movement patterns in their latest market analysis. They emphasized that “a sustainable recovery would necessitate fresh capital returning to derivatives markets.” They further noted that increasing open interest would validate a more robust upward trajectory.
Bitcoin exchanged hands near $74,000 following its earlier approach toward the $75,000 threshold during the session. Market data indicates that the price surge occurred simultaneously with the ETF withdrawal activity. Current figures position spot Bitcoin ETFs at roughly $160 million in net outflows year-to-date.
