U.S. spot Bitcoin ETFs recorded approximately $263 million in net outflows, ending a nine-day streak of consecutive inflows that totaled roughly $2.1–2.12 billion from around April 14–24.
Fidelity’s FBTC led the redemptions with about $150.4 million outflows. Grayscale’s GBTC: ~$46.6 million out. Ark/21Shares ARKB: ~$43.3 million out. Smaller outflows from VanEck’s HODL and Bitwise’s BITB. BlackRock’s IBIT stayed flat despite high trading volume ~$1.93 billion, showing it absorbed pressure better than others.
Ethereum ETFs also saw outflows ~$50 million that day. Total assets under management for Bitcoin ETFs dropped to around $101–102 billion. This reversal came after strong momentum: April saw overall positive inflows estimated at $2.43–2.44 billion month-to-date at that point, one of the stronger months recently.
The nine-day streak was the longest since October 2024. Weekly inflows were solid ~$824 million for the week ending April 24, marking four straight weeks of net buying. Cumulative inflows across all spot Bitcoin ETFs reached the $58+ billion range. Bitcoin’s price action around then hovered in the $77K–$79K area with some reports of dips below $77K amid the flows turning negative.
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ETF flows don’t move price in isolation—other factors like broader risk sentiment, Fed signals, derivatives positioning, and on-chain activity also played roles. Notably, large holders like MicroStrategy continued accumulating BTC separately. A pause or profit-taking after a solid run of buying. Outflows of this size were notable but not catastrophic compared to past volatility; markets absorbed similar or larger moves more easily than in 2022.
April remained net positive for inflows overall, with institutions via ETFs still a key demand driver. BlackRock’s IBIT dominance and high trading volumes suggest underlying interest persists even on flat and red days. Flows can be noisy day-to-day due to rebalancing, tax considerations, or macro events. Subsequent days reportedly saw continued mixed-to-negative flows another ~$90M–$148M outflows reported around April 28–29 in some updates.
These figures reflect creation and redemption activity, which directly impacts Bitcoin demand from the funds. If you’re watching for patterns: sustained multi-week inflows have historically supported price floors, while streaks of outflows can pressure sentiment. The market’s ability to absorb the $263M without a sharper drop highlights growing maturity and liquidity in the Bitcoin ETF ecosystem.
U.S. spot Ethereum ETFs have shown more volatility in flows than their Bitcoin counterparts in April 2026, with a strong mid-month inflow streak followed by recent outflows aligning with the broader market pause you mentioned for Bitcoin. Ethereum ETFs enjoyed a notable 10-day consecutive inflow streak ending around April 22—the longest since their July 2024 launch.
This momentum cooled toward month-end, mirroring Bitcoin’s reversal: April 27: -$50.4 million to -$50.48 million net outflows coinciding with Bitcoin’s -$263M day, for a combined ~$313M crypto ETF outflow. April 28: ~-$21.8 million; second straight negative day. April 29: ~-$87.7 million to -$87.8 million; third consecutive outflow day.
On April 24, there was a smaller rebound of about +$23.38 million before the streak of red days. BlackRock’s ETHA and ETHB often drive inflows; ETHA frequently in the tens of millions on positive days. Grayscale’s ETHE consistently sees outflows as investors rotate to lower-cost alternatives like BlackRock and Fidelity funds. Fidelity’s FETH can swing both ways but contributed positively during the streak.
The week ending ~April 24 saw +$155 million net inflows for ETH ETFs; third consecutive positive week in some reports, though figures varied slightly by source; one noted ~$192M. BlackRock products led. Roughly $11.9B to $12.1B range as of late April, with total assets under management (AUM) around $13–14 billion representing 4.9–5.7% of ETH’s market cap at the time. This is significantly smaller than Bitcoin ETFs.
Earlier in April, flows were mixed: occasional outflows but building to multi-day positive runs by mid-month, with some days exceeding $67M–$127M. While Bitcoin ETFs had a strong April overall ~$2.4B month-to-date inflows before the late reversal and a 9-day streak ending April 27, Ethereum’s 10-day streak stood out as relatively stronger in relative terms during mid-April quiet periods for BTC flows.
However, ETH ETFs are more sensitive to rotations and have lower overall liquidity/scale. Both categories saw outflows on April 27, reflecting broader risk-off sentiment, profit-taking, or macro factors. ETH price hovered near $2,200–$2,300 during much of this period, with ETF buying providing some support as a mechanical floor against other selling pressures.
Outflows in late April contributed to softer sentiment but were not extreme in historical context. The recent 3-day outflow streak ~$50M + $22M + $88M signals a pause after accumulation, similar to Bitcoin. Day-to-day flows remain noisy due to rebalancing, fee differences, and institutional positioning shifts.
April was still net positive for ETH ETFs in weekly aggregates, continuing a recovery from earlier 2026 mixed periods. Institutional interest persists, especially in BlackRock products, but ETH trails BTC significantly in ETF scale and dominance.