$BTC Spot Bitcoin ETFs See Frozen Buy Side, $195 Million Net Outflow, BlackRock Leads The Dump

The Spot Bitcoin ETF market experienced a gloomy trading session on 04/12. Total net outflow reached $194.64 million.

🔸 An alarming signal is that not a single fund among the 12 ETFs recorded positive inflows. The entire market was either red or flat.

🔸 Leader BlackRock (IBIT) unexpectedly led the sell off with a net withdrawal of $112.96 million, followed by Fidelity (FBTC) with $54.20 million.

With institutions simultaneously halting buys and switching to net selling, cautious sentiment is gripping. Is this short term profit taking or a sign of weakening demand at current price levels?

News is for reference, not investment advice. Please read carefully before making a decision.

BTCUSDT

Perp

89,070.4

+1.13%

ETHUSDT

Perp

3,029.97

+1.78%

SOLUSDT

Perp

126.26

+0.69%