Crypto ETFs Turn Red: Bitcoin Loses $159 Million, Ether Drops $64 Million

Crypto exchange-traded funds (ETFs) slipped back into outflows after a strong start to the week, led by bitcoin’s sharp reversal. $XRP stood out with gains, while ether and solana faced renewed selling pressure.

Key Takeaways:

• Bitcoin ETFs saw $159.05 million outflows on Tuesday, led by Fidelity FBTC, signaling fragile market conviction.
• Ether ETFs lost $64.67 million as ETHA and FETH slid, pointing to continued pressure.
• $XRP ETFs gained $3.30 million via Bitwise and Franklin, suggesting selective inflows may grow.

Bitcoin, Ether ETFs See Heavy Outflows While $XRP Gains

The rebound on Monday, April 6, was short-lived. By the close of trading on Tuesday, April 7, momentum had faded almost as quickly as it arrived, replaced by a broad wave of selling across crypto ETFs.

Bitcoin ETFs led the reversal, recording $159.05 million in net outflows. The selling was widespread, cutting across five major funds and signaling a clear shift in sentiment.

Fidelity’s FBTC posted the largest exit at $47.85 million, followed by Grayscale’s GBTC with $41.89 million in outflows. Ark & 21Shares’ ARKB lost $34.15 million, while Vaneck’s HODL saw $20.37 million exit. Even Blackrock’s IBIT, a recent leader in inflows, recorded a $17.11 million outflow. The only exception was Valkyrie’s BRRR, which added a modest $2.32 million, offering little resistance to the broader decline.

Mixed start to April for bitcoin ETFs with $480 million in inflows and $232 million in outflows.

Trading volume stood at $1.78 billion, with net assets settling at $88.71 billion. The message was clear. Conviction remains fragile.

Ether ETFs followed the same path. The sector recorded $64.67 million in net outflows, driven primarily by two funds. Fidelity’s FETH led with a $48.21 million exit, while Blackrock’s ETHA shed $16.46 million. No inflows were recorded across the segment. Trading activity reached $1.03 billion, and net assets closed at $11.98 billion.

In contrast, $XRP ETFs provided the only bright spot of the session. The group recorded a $3.30 million inflow, breaking away from the broader negative trend. Bitwise’s $XRP led with $1.90 million, while Franklin’s XRPZ added $1.42 million. Trading volume came in at $11.89 million, with net assets closing at $921.57 million.

Solana ETFs faced some of the heaviest relative pressure. The segment recorded $15.40 million in net outflows, spread across multiple funds. Bitwise’s BSOL accounted for the majority with $13.34 million in exits, followed by Grayscale’s GSOL at $1.82 million and Fidelity’s FSOL with a smaller $238,930 outflow. Trading volume reached $40.98 million, with net assets at $775.83 million.

The contrast across assets is striking. Bitcoin and ether continue to see rapid shifts in flows, while smaller assets either struggle or, in $XRP’s case, attract selective interest. The market remains active, but direction remains uncertain.

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