{"id":844906,"date":"2025-05-01T09:11:39","date_gmt":"2025-05-01T14:11:39","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/05\/01\/bitcoin-etfs-bleed-56-million-ending-8-day-inflow-streak-etf-news\/"},"modified":"2025-05-01T09:11:39","modified_gmt":"2025-05-01T14:11:39","slug":"bitcoin-etfs-bleed-56-million-ending-8-day-inflow-streak-etf-news","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/05\/01\/bitcoin-etfs-bleed-56-million-ending-8-day-inflow-streak-etf-news\/","title":{"rendered":"Bitcoin ETFs Bleed $56 Million, Ending 8-Day Inflow Streak | ETF News"},"content":{"rendered":"
\n

On Wednesday, Bitcoin spot ETFs recorded their first net outflow since April 16, halting an eight-day streak of consistent inflows.\u00a0<\/strong><\/p>\n

The outflow marked a notable reversal after the funds collectively attracted over $2 billion in net inflows during the prior eight trading sessions.<\/p>\n

Bitcoin ETFs Face $56 Million Exit Amid Sideways Price Action\u00a0<\/strong><\/h2>\n

Yesterday, the total net outflow from BTC spot ETFs came to $56.23 million. This sudden shift in funds flow suggests a potential cooldown in institutional demand <\/a>following a sustained period of accumulation.<\/p>\n

\"Total
Total Bitcoin Spot ETF Net Inflow. Source: SosoValue<\/a><\/figcaption><\/figure>\n

BTC\u2019s price consolidation since April 25 may have prompted this pullback. An assessment of the BTC\/USD one-day chart reveals that the leading coin has traded within a narrow range since then, facing resistance at $95,427 and finding support at $93,749.\u00a0<\/p>\n

With BTC consolidating tightly and failing to break key levels, some key investors are opting to de-risk their positions by temporarily withdrawing capital from BTC-backed funds. An extended period of sideways price action comes with uncertainty around short-term momentum, making it harder to<\/a> sustain the aggressive inflows into BTC ETFs.\u00a0<\/p>\n

On Wednesday, BlackRock\u2019s iShares Bitcoin Trust (IBIT) was the only fund to buck the trend, recording a net inflow of $267.02 million, bringing its total historical net inflow to $42.65 billion.<\/p>\n

Fidelity\u2019s FBTC saw a $137.49 million exit from the fund in a single day. Despite the drawdown, FBTC\u2019s total historical net inflow stands at<\/a> $11.63 billion.<\/p>\n

BTC Derivatives Market Shows Mixed Sentiment\u00a0<\/strong><\/h2>\n

Meanwhile, despite the recent price consolidation, derivatives market data reflect a mixed sentiment among traders. Open interest in BTC futures<\/a> has declined slightly over the past day, signaling reduced activity.<\/p>\n

At press time, this stands at $61.50 billion, noting a 1% dip over the past day. A drop in open interest like this suggests that traders are closing out positions rather than opening new ones. This trend reflects uncertainty or waning conviction in BTC\u2019s short-term price direction.<\/a>\u00a0<\/p>\n

\"BTC
BTC Futures<\/a> Open Interest. Source: Coinglass<\/a><\/figcaption><\/figure>\n

However, the coin\u2019s funding rate remains positive, indicating that long traders are still dominant. As of this writing, this stands at 0.0039%, confirming the preference for long positions over short ones.\u00a0<\/p>\n

\"BTC
BTC Funding Rate. Source: Coinglass<\/a><\/figcaption><\/figure>\n

This bullish sign indicates that despite BTC\u2019s price stagnancy, many of its futures traders are still opening bets in favour of a price rally.\u00a0<\/p>\n

Additionally, the options market shows a higher volume of call contracts than puts, a sign that some market participants will continue to bet on an upward breakout in the near term.<\/p>\n

\"BTC
BTC Options Open Interest. Source: Deribit<\/a><\/figcaption><\/figure>\n

The pullback in ETF inflows may reflect profit-taking after a strong April performance, but data from both futures and options markets suggest<\/a> investors are not turning bearish just yet.<\/p>\n

\n

Disclaimer<\/p>\n

In line with the Trust Project<\/a> guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our\u00a0Terms and Conditions<\/a>,\u00a0Privacy Policy<\/a>, and\u00a0Disclaimers<\/a>\u00a0have been updated.<\/p>\n<\/div><\/div>\n

Read More<\/a>
\n Abiodun Oladokun<\/p>\n","protected":false},"excerpt":{"rendered":"

On Wednesday, Bitcoin spot ETFs recorded their first net outflow since April 16, halting an eight-day streak of consistent inflows.\u00a0 The outflow marked a notable reversal after the funds collectively attracted over $2 billion in net inflows during the prior eight trading sessions. Bitcoin ETFs Face $56 Million Exit Amid Sideways Price Action\u00a0 Yesterday, the<\/p>\n","protected":false},"author":1,"featured_media":844907,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4041,134283],"tags":[],"class_list":["post-844906","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin","category-bleed"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/844906","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=844906"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/844906\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/844907"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=844906"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=844906"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=844906"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}