Bitcoin ETFs See $151.8M in Outflows Amid Market Bloodbath

Bitcoin exchange-traded funds (ETFs) faced significant outflows on April 7, with over $151.8 million withdrawn, according to on-chain analytics shared by @lookonchain on X. The downturn affected nine out of ten U.S.-listed Bitcoin spot ETFs, coinciding with a sharp correction in the crypto market that saw Bitcoin plunge well below the $80,000 mark.

Bitwise’s Bitcoin ETF suffered the most, losing 751 BTC worth nearly $59 million, though it still retains 37,921 BTC valued at $2.97 billion. Grayscale Bitcoin Trust followed closely, with 743 BTC in outflows. Ark Invest and VanEck ETFs saw outflows of 260 BTC and 148 BTC, respectively. BlackRock’s IBIT recorded a relatively smaller loss of 122 BTC today and 486 BTC over the past week.

Amid the widespread sell-off, one ETF stood out. The Invesco Galaxy Bitcoin ETF attracted 86 BTC in inflows, making it the only product to post gains on the day. Fidelity, Valkyrie, and Franklin Templeton’s ETFs reported no net changes, holding steady despite the broader turbulence.

The outflows reflect growing investor caution as Bitcoin faces heightened volatility. Adding to market uncertainty, technical analysts are pointing to Bitcoin’s first major "death cross" of 2025, a bearish signal where the short-term moving average crosses below the long-term average. Meanwhile, MicroStrategy’s Michael Saylor remains ultra-bullish on Bitcoin, reinforcing his long-term confidence in the digital asset.

As regulatory discussions around Ethereum and XRP continue to unfold, with the acting SEC Chair stating Ether is not a security, traders are keeping a close eye on developments that may impact crypto valuations further.

With Bitcoin ETF netflows turning negative, the crypto market faces a critical test of investor sentiment and resilience in the weeks ahead.