Key Takeaways
- Spot Bitcoin ETFs recorded their first net inflows after three days of outflows.
- Spot BTC ETFs saw $220 million in net inflows on a day when markets tumbled after Trump Liberation Day tariffs.
- Ethereum ETFs recorded a second consecutive day of outflows, with $51.4 million flowing out of these products.
The U.S. spot Bitcoin exchange-traded funds (ETFs) had their first net inflow after three days of outflow amid a market-wide rout.
On the other hand, spot Ethereum ETFs continued to bleed for the second consecutive day after two days of net inflow.
The trend reversal among spot BTC ETFs came despite the Liberation Day tariffs.
However, the current bearish market tendencies indicate that investor confidence might not be high enough to continue the inflow trend.
Bitcoin ETFs
According to SoSoValue data , Bitcoin ETFs showed resistance against current bearish market trends to post a net inflow of $221 million, marking a reversal after three consecutive days of outflows.
BlackRock’s iShares Bitcoin Trust (IBIT) was the only fund to record an outflow on April 2 with $115.37 million in net outflows. Bringing its cumulative net inflows to $39.85 billion and net assets to $49.64 billion.
The ARK 21Shares Bitcoin ETF (ARKB) was the biggest gainer, with $130.5 million in net inflows, bringing its cumulative net inflows to $2.65 billion and net assets to $4.1 billion.
Fidelity Wise Origin Bitcoin Fund (FBTC) saw the second largest inflow worth $118.79 million, bringing its cumulative net inflows to $11.65 billion and net assets to $17.4 billion.
Grayscale Bitcoin Mini Trust (BTC) and Bitwise Bitcoin ETF (BITB) recorded net inflows of over $33 million, while the other ETF products recorded inflows in the $2-$10 million range.
Ethereum ETFs
Ethereum ETFs recorded another day of net outflows as ETH price slid below $1,800. The net outflow from Ethereum ETFs was $51.54 million.
Only two ETH ETFs saw movement on April 2, with Grayscale Ethereum Trust (ETHE) and iShares Ethereum Trust (ETHA) recording over $20 million in net outflows.
The Grayscale ETHE ETF recorded net outflows of $31 million, bringing its cumulative net outflows to $4.2 billion and net assets to $2.3 billion.
The BlackRock ETHA saw a net outflow of $20.04 million, bringing its cumulative net inflows to $4.05 billion and net assets to $2.25 billion.
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