In a dramatic turn of events, Bitcoin ETFs experienced a gut-wrenching $173 million outflow, ending their two-week streak of gains. Ether ETFs? Well, they weren’t any better—suffering a painful $50 million net outflow, marking a tragic sixth consecutive week in the red.
The Great Bitcoin ETF Bloodbath: Investors Panic Over Tariffs, Ether ETFs Join the Freefall
This past week, a sense of caution, almost bordering on despair, gripped the world of crypto ETFs. The once golden children of the market, Bitcoin ETFs, had their brief moment of glory snatched away with a sharp $172.69 million net outflow, effectively ending their two-week streak of green. The straw that broke the camel’s back? April 1st, when fears surrounding looming U.S. tariffs took center stage and caused an epic $157.64 million exodus.
But wait! Wednesday tried to make a comeback with a glimmer of hope—a $220.76 million inflow. Too bad it was the lone positive moment in an otherwise dreary week.
Leading the charge in outflows was Grayscale’s GBTC, with a massive $95.48 million fleeing the scene. Other ETFs didn’t fare much better: Wisdomtree’s BTCW ($44.53 million), Blackrock’s IBIT ($35.52 million), Bitwise’s BITB ($24 million), and a few others followed suit, confirming that no one was immune to this rout.
However, there were a few brave souls in the ETF world. Grayscale’s BTC managed a valiant $34.28 million inflow, Franklin’s EZBC added a modest $17.40 million, and Fidelity’s FBTC limped forward with $10.16 million in gains.
As for ether ETFs? Oh boy. The misery continued, as they extended their losing streak to a sad sixth week, draining another $49.93 million. Once again, Wednesday was the most painful day, with a staggering $51.24 million leaving the market. Grayscale’s ETHE led the outflow race with $31.08 million, followed by Blackrock’s ETHA ($20.17 million), Bitwise’s BITB ($6.19 million), and Grayscale’s ETH ($2.70 million).
Still, a few ether ETFs decided they weren’t ready to die just yet. Fidelity’s FETH saw a small but sweet $6.42 million inflow, Franklin’s EZET added $2.06 million, and 21Shares’ CETH fought back with a $1.72 million inflow. Every little bit counts, right?
The patterns observed this week suggest that investors are desperately trying to recalibrate their portfolios, seeking safety as the harsh winds of geopolitical instability and economic pressures, particularly tariff-related fears, continue to buffet the markets. But hey, who can blame them? The ride’s getting wilder by the day.
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2025-04-07 15:58