Ah, the saga of Bitcoin ETFs! They have reached the seventh day of their exodus, a veritable parade of retreat, though the losses were but a mere whisper—$1 million, a pittance in the grand theater of finance. Meanwhile, the ether ETFs, oh dear, they took a more dramatic plunge, shedding a staggering $29.20 million, with Grayscale’s ETHE leading the charge like a valiant knight fleeing the battlefield.
Bitcoin ETF Sees Modest Exit While Ether ETFs Outflows Accelerate With $29 Million Pullback
As the trading week drew its curtains on that fateful Friday, April 11, the bitcoin ETFs, those brave little soldiers, recorded their seventh consecutive day of outflows. But lo! This time, the bloodletting slowed to a mere trickle. A modest $1.03 million slipped away, a calm amidst the storm of volatility that had raged all week long.
Only two ETFs dared to dance in this financial ballet. Bitwise’s BITB, poor thing, posted a $12.31 million outflow, continuing its tragic tale of woe, while Ark 21shares’ ARKB stood out like a lone flower in a desolate wasteland, bringing in $11.28 million. The other ten bitcoin ETFs? Silent as the grave, showing no signs of life.
Though the total net flows may have been as light as a feather, the ongoing outflow saga reveals the persistent trepidation among investors, who seem to be clutching their wallets as if they were the last lifeboats on a sinking ship.
Now, let us turn our gaze to the ether ETF market, which fared far worse. Outflows surged like a tidal wave, with $29.20 million making a hasty exit. Grayscale’s ETHE bore the brunt of this financial tempest, losing $26.05 million, while Bitwise’s ETHW saw a more modest $3.15 million slip away, like sand through fingers.
Despite the muted flows on the bitcoin side, both markets continue their downward spiral, a quiet end to a week filled with chaos. Perhaps this is merely the calm before the next storm, as traders peer into the horizon, awaiting macroeconomic updates and market catalysts that could spark a new frenzy. Or perhaps they’re just waiting for the next meme to drop! 😂
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2025-04-14 23:57