$169M Pulled From Spot Bitcoin ETFs, Snapping Two-Day Inflow Streak
On April 17, U.S. spot Bitcoin ETFs recorded a net outflow of $169.9 million, marking the first significant withdrawal after two consecutive days of inflows. Fidelity and Ark 21Shares ETFs experienced the heaviest investor pullbacks.
A two-day streak of positive inflows into U.S. spot Bitcoin ETFs ended on April 17 as investors pulled $169.9 million.
The significant outflow undermines the renewed optimism that followed a short-lived rebound in demand for crypto ETPs.
The largest outflows came from two funds:
- Fidelity’s FBTC lost $113.8 million
- ARKB from Ark and 21Shares saw $113.3 million withdrawn
According to SoSoValue, these were the only two ETFs to register net outflows during the day.
However, six spot Bitcoin ETFs posted gains that partially offset the broader sell-off:
- IBIT from BlackRock (the largest fund by AUM) saw $30.6 million in inflows
- BITB from Bitwise added $12.8 million
In addition, Grayscale Bitcoin Mini Trust, VanEck’s HODL, Valkyrie’s BRRR, and Invesco’s BTCO also reported positive inflows.
The outflows occurred as Bitcoin briefly moved above $85,000 before settling near $84,500 at the time of publication.
Related: Powell Softens Stance: Banks Get Green Light on Crypto Engagement
Previous Day Recap
The interruption of a two-day streak of net inflows into spot Bitcoin ETFs on Wednesday should be viewed within the broader market context:
- On Tuesday, total inflows reached $76.4 million
- Monday recorded a modest $1.5 million
This pattern suggests that bearish sentiment still dominates the market.
Nevertheless, despite the reversal in flows, BTC remained relatively stable. At the time of publication, Bitcoin was trading near $84,500, after briefly rising above $85,000 earlier in the day.
Meanwhile, spot Ethereum ETFs continue to see capital outflows. On April 17, investors withdrew an additional $12 million, marking the seventh consecutive day of negative net flows for ETH-based products.
You might also like: Ripple and SEC Enter 60-Day Legal Hiatus to Explore Settlement Options
The content on The Coinomist is for informational purposes only and should not be interpreted as financial advice. While we strive to provide accurate and up-to-date information, we do not guarantee the accuracy, completeness, or reliability of any content. Neither we accept liability for any errors or omissions in the information provided or for any financial losses incurred as a result of relying on this information. Actions based on this content are at your own risk. Always do your own research and consult a professional. See our Terms, Privacy Policy, and Disclaimers for more details.
Articles by this author
