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Bitcoin ETFs Record $1B Weekly Outflow as Crypto Market Faces Rising Volatility
Spot Bitcoin ETFs witnessed a massive $1 billion in net outflows this week, bringing an end to the strong six-week inflow streak that previously attracted nearly $3.4 billion into the market.
According to data from SoSoValue, the week started on a positive note with Monday recording inflows of $27.29 million.
However, market sentiment quickly shifted on Tuesday when investors pulled out $233.25 million from spot Bitcoin ETFs.
Selling pressure intensified further on Wednesday, marking the biggest single-day outflow of the week as funds saw $635.23 million leave the market.
Although Thursday offered a temporary recovery with inflows of $131.31 million, the optimism was short-lived.
Friday once again turned bearish as another $290.42 million exited the ETFs, pushing the total weekly outflow to exactly $1 billion.
This sharp reversal comes after six consecutive weeks of positive inflows, with the week ending April 17 previously recording the strongest performance of nearly $996 million in inflows.
Despite the recent decline, total net assets across spot Bitcoin ETFs still stand at $104.29 billion, while cumulative net inflows remain strong at $58.34 billion.
Capital Shifting Toward AI and Crypto Regulation Narrative
Analysts at Bitunix noted that investors are aggressively rotating capital toward the booming AI sector alongside institutional crypto adoption.
Tech giants including NVIDIA, Google, and Apple recently moved close to fresh all-time highs, while AI chipmaker Cerebras surged more than 70% during its IPO debut.
Meanwhile, the crypto industry also received a boost after the U.S. Senate Banking Committee advanced the CLARITY Act, considered one of the most significant crypto market structure bills in recent years.
Following the development, Coinbase shares rallied sharply, while Bitcoin rebounded toward the $82,000 level.
However, Bitunix analysts warned that Bitcoin’s market structure still reflects high volatility.
They highlighted that major short liquidity currently sits between $82,400 and $82,600, while the $80,000 level remains a critical support zone for traders.
According to analysts, the market has now entered a “high-leverage volatility phase” as investors closely monitor three key macro factors: AI expansion, U.S.-China relations, and upcoming crypto regulations.
Spot Ether ETFs Continue to Struggle
Alongside Bitcoin ETFs, spot Ether ETFs also experienced continuous selling pressure throughout the week.
Ethereum-based ETFs recorded outflows on all five trading days, with Tuesday seeing the heaviest withdrawal of $130.62 million.
Additional outflows included $65.65 million on Friday, $36.30 million on Wednesday, $16.89 million on Monday, and $5.65 million on Thursday.
Overall, spot Ether ETFs lost a combined $254.46 million during the week, reducing total net assets to $12.93 billion.
According to data from SoSoValue, the week started on a positive note with Monday recording inflows of $27.29 million.
However, market sentiment quickly shifted on Tuesday when investors pulled out $233.25 million from spot Bitcoin ETFs.
Selling pressure intensified further on Wednesday, marking the biggest single-day outflow of the week as funds saw $635.23 million leave the market.
Although Thursday offered a temporary recovery with inflows of $131.31 million, the optimism was short-lived.
Friday once again turned bearish as another $290.42 million exited the ETFs, pushing the total weekly outflow to exactly $1 billion.
This sharp reversal comes after six consecutive weeks of positive inflows, with the week ending April 17 previously recording the strongest performance of nearly $996 million in inflows.
Despite the recent decline, total net assets across spot Bitcoin ETFs still stand at $104.29 billion, while cumulative net inflows remain strong at $58.34 billion.
Capital Shifting Toward AI and Crypto Regulation Narrative
Analysts at Bitunix noted that investors are aggressively rotating capital toward the booming AI sector alongside institutional crypto adoption.
Tech giants including NVIDIA, Google, and Apple recently moved close to fresh all-time highs, while AI chipmaker Cerebras surged more than 70% during its IPO debut.
Meanwhile, the crypto industry also received a boost after the U.S. Senate Banking Committee advanced the CLARITY Act, considered one of the most significant crypto market structure bills in recent years.
Following the development, Coinbase shares rallied sharply, while Bitcoin rebounded toward the $82,000 level.
However, Bitunix analysts warned that Bitcoin’s market structure still reflects high volatility.
They highlighted that major short liquidity currently sits between $82,400 and $82,600, while the $80,000 level remains a critical support zone for traders.
According to analysts, the market has now entered a “high-leverage volatility phase” as investors closely monitor three key macro factors: AI expansion, U.S.-China relations, and upcoming crypto regulations.
Spot Ether ETFs Continue to Struggle
Alongside Bitcoin ETFs, spot Ether ETFs also experienced continuous selling pressure throughout the week.
Ethereum-based ETFs recorded outflows on all five trading days, with Tuesday seeing the heaviest withdrawal of $130.62 million.
Additional outflows included $65.65 million on Friday, $36.30 million on Wednesday, $16.89 million on Monday, and $5.65 million on Thursday.
Overall, spot Ether ETFs lost a combined $254.46 million during the week, reducing total net assets to $12.93 billion.
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