- BlackRock’s Bitcoin ETF added $65.25 million in daily inflows while all other major BTC ETFs recorded notable outflows.
- Bitwise’s Ethereum ETF lost $3.59 million, contributing to the sector’s third consecutive day of net outflows across multiple issuers.
- Despite investor withdrawals, daily price gains across all top ETFs indicate sustained market confidence and high trading activity in crypto assets.
On April 3, both Ethereum and Bitcoin spot ETFs registered daily net outflows, signaling shifting investor behavior amid changing market dynamics. While long-term cumulative inflows remain strong, the latest data reflects a short-term rotation in crypto fund allocation.
Ethereum ETFs Face a Mixed Sentiment Shift
Ethereum-linked ETFs experienced a net outflow worth $3.59 million, the third consecutive day that investors have withdrawn their capital. According to Wu Blockchain, the outflow had been driven by Bitwise’s ETHW ETF alone, losing $3.59 million worth of investor capital in a single day.
Despite the short-term exits, Ethereum ETF cumulative inflows remain solid at $2.36 billion. This indicates ongoing long-term interest in Ethereum as an investment vehicle. BlackRock’s ETH ETF was the only fund to post a positive net daily inflow, bringing in $4.05 million. Fidelity’s FETH ETF remained neutral with no change in daily flows but holds $714 million in net assets.
Grayscale’s ETHE ETF retained the top spot in terms of net assets at $2.14 billion. However, it continues to show the largest cumulative outflow at $4.20 billion. Price movements remained positive across all ETFs, with modest gains suggesting continued market confidence despite the withdrawals.
Bitcoin ETF Market Sees Large Withdrawals Amid BlackRock’s Growth
The U.S. spot Bitcoin ETF market experienced a daily net outflow of $99.86 million. BlackRock’s IBIT ETF was the only fund to post a net inflow of $65.25 million. All other major ETFs showed outflows, including Grayscale’s GBTC, which lost $50.20 million, and Fidelity’s FBTC, which shed $23.27 million.
Wu Blockchain also noted that BlackRock’s IBIT now leads with $47.19 billion in net assets, supported by a cumulative inflow of $39.91 billion. Meanwhile, GBTC’s cumulative outflow stands at $22.08 billion, indicating continued fund redirection from Grayscale to competitors with lower fees and stronger institutional backing.
Despite outflows, Bitcoin ETF market prices climbed by over 1% across all listed funds, indicating underlying bullish sentiment. Daily trading volume for IBIT reached $2.05 billion, signaling active interest from large investors.
Market Shows Resilience Despite Outflows
While daily net outflows hint at short-term adjustments, the broader ETF ecosystem remains firm. Ethereum and Bitcoin ETFs together hold $98.25 billion in net assets, reflecting strong institutional participation. Both markets showed positive daily price movements. Ethereum ETFs recorded a trading volume of $238.09 million, while Bitcoin ETFs hit $2.58 billion.
The latest trends reveal that BlackRock is rapidly consolidating leadership in both Ethereum and Bitcoin ETF markets. Grayscale’s declining share signals a broader market realignment.
