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Crypto ETFs Turn Negative: Bitcoin Lost $159 Million, Ether Lost $64 Million
Cryptocurrency exchange-traded funds (ETFs) once again faced outflows after a confident start to the week, which was triggered by a sharp reversal in Bitcoin’s price. $XRP stood out with gains, while Ether and Solana once again came under selling pressure.
Key Takeaways
- On Tuesday, Bitcoin ETFs lost $159.05 million, primarily due to Fidelity FBTC, indicating fragile market confidence.
- Ether ETFs lost $64.67 million because of declines in ETHA and FETH, pointing to continued pressure.
- $XRP ETFs gained $3.30 million thanks to Bitwise and Franklin, indicating possible growth in selective inflows.
Bitcoin and Ether ETFs Face Heavy Outflows While $XRP Gains
The recovery on Monday, 6 April, was short-lived. By the close of trading on Tuesday, 7 April, the momentum had disappeared almost as quickly as it had emerged, giving way to a broad wave of selling across all crypto ETFs.
Bitcoin ETFs led the reversal, recording net outflows of $159.05 million. Selling was widespread, affecting the five largest funds and signalling a clear shift in sentiment.
Fidelity’s FBTC posted the largest outflow at $47.85 million, followed by Grayscale’s GBTC with an outflow of $41.89 million. ARKB from Ark & 21Shares lost $34.15 million, while Vaneck’s HODL lost $20.37 million. Even Blackrock’s IBIT, which had recently led inflows, recorded an outflow of $17.11 million. The only exception was Valkyrie’s BRRR, which added a modest $2.32 million, offering almost no resistance to the broader decline.
April began unevenly for Bitcoin ETFs: inflows totalled $480 million, while outflows reached $232 million.
Trading volume amounted to $1.78 billion, while net assets stood at $88.71 billion. The message was clear. Confidence remains fragile.
Ether ETFs followed the same path. The sector recorded net outflows of $64.67 million, mainly driven by two funds. Fidelity’s FETH led with an outflow of $48.21 million, while Blackrock’s ETHA lost $16.46 million. No inflows were recorded in the segment. Trading activity reached $1.03 billion, and net assets closed at $11.98 billion.
By contrast, $XRP ETFs were the only bright spot of the session. The group recorded inflows of $3.30 million, breaking away from the overall negative trend. Bitwise’s $XRP led with $1.90 million, while Franklin’s XRPZ added $1.42 million. Trading volume totalled $11.89 million, and net assets closed at $921.57 million.
Solana ETFs faced one of the strongest relative pressures. The segment recorded net outflows of $15.40 million, distributed across several funds. Bitwise’s BSOL accounted for most of the outflow at $13.34 million, followed by Grayscale’s GSOL with an outflow of $1.82 million and Fidelity’s FSOL with a smaller outflow of $238,930. Trading volume reached $40.98 million, while net assets stood at $775.83 million.
The contrast between the assets is striking. Bitcoin and Ether continue to show rapid flow reversals, while smaller assets are either struggling or, as in the case of $XRP, attracting selective interest. The market remains active, but the direction of movement is still uncertain.
See also: "XRP Price Forecast: XRP consolidates after decline as Bulls Eye targets $1.48 breakout"
