Key Takeaways:
- Bitcoin ETFs saw $159.05 million outflows on Tuesday, led by Fidelity FBTC, signaling fragile market conviction.
- Ether ETFs lost $64.67 million as ETHA and FETH slid, pointing to continued pressure.
- XRP ETFs gained $3.30 million via Bitwise and Franklin, suggesting selective inflows may grow.
Bitcoin, Ether ETFs See Heavy Outflows While XRP Gains
The rebound on Monday, April 6, was short-lived. By the close of trading on Tuesday, April 7, momentum had faded almost as quickly as it arrived, replaced by a broad wave of selling across crypto ETFs.
Bitcoin ETFs led the reversal, recording $159.05 million in net outflows. The selling was widespread, cutting across five major funds and signaling a clear shift in sentiment.
Fidelity’s FBTC posted the largest exit at $47.85 million, followed by Grayscale’s GBTC with $41.89 million in outflows. Ark & 21Shares’ ARKB lost $34.15 million, while Vaneck’s HODL saw $20.37 million exit. Even Blackrock’s IBIT, a recent leader in inflows, recorded a $17.11 million outflow. The only exception was Valkyrie’s BRRR, which added a modest $2.32 million, offering little resistance to the broader decline.
Trading volume stood at $1.78 billion, with net assets settling at $88.71 billion. The message was clear. Conviction remains fragile.
Ether ETFs followed the same path. The sector recorded $64.67 million in net outflows, driven primarily by two funds. Fidelity’s FETH led with a $48.21 million exit, while Blackrock’s ETHA shed $16.46 million. No inflows were recorded across the segment. Trading activity reached $1.03 billion, and net assets closed at $11.98 billion.
In contrast, XRP ETFs provided the only bright spot of the session. The group recorded a $3.30 million inflow, breaking away from the broader negative trend. Bitwise’s XRP led with $1.90 million, while Franklin’s XRPZ added $1.42 million. Trading volume came in at $11.89 million, with net assets closing at $921.57 million.
Solana ETFs faced some of the heaviest relative pressure. The segment recorded $15.40 million in net outflows, spread across multiple funds. Bitwise’s BSOL accounted for the majority with $13.34 million in exits, followed by Grayscale’s GSOL at $1.82 million and Fidelity’s FSOL with a smaller $238,930 outflow. Trading volume reached $40.98 million, with net assets at $775.83 million.
The contrast across assets is striking. Bitcoin and ether continue to see rapid shifts in flows, while smaller assets either struggle or, in XRP’s case, attract selective interest. The market remains active, but direction remains uncertain.
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