So, Bitcoin ETFs just decided to take a little vacation, huh? A cool $100 million just up and left, thanks to Grayscale and Bitwise throwing a tantrum. And Ether ETFs? Yeah, they’re just hanging out in the corner, sulking with a $4 million outflow. What a party! 🎉
Remember that brief moment when bitcoin ETFs were actually doing well? Yeah, that was cute. After a whopping $221 million inflow on April 2, they pulled a classic switcheroo, shedding $99.86 million the very next day. Talk about a rollercoaster ride! 🎢
Grayscale’s GBTC led the charge out the door with a staggering $60.20 million exit. Bitwise’s BITB wasn’t far behind, dragging $44.19 million with it. Fidelity’s FBTC and Ark 21Shares’ ARKB? They got hit too, with $23.27 million and $20.05 million leaving the party. It’s like a bad breakup, but with money! 💔
Even Vaneck’s HODL and Wisdomtree’s BTCW couldn’t escape the drama, losing $12.18 million and $5.22 million, respectively. And Blackrock’s IBIT? Sure, it pulled in $65.25 million, but it’s like trying to fill a bathtub with a garden hose while the drain’s wide open. Good luck with that! 🚿
By the end of the trading day, bitcoin ETFs had a trading volume of $2.58 billion, with net assets sinking to $92.18 billion. Ouch! That’s gotta hurt! 😬
And let’s not forget about Ether ETFs, which are just steadily declining like a bad sitcom that won’t get canceled. They logged a $3.59 million outflow, all thanks to Bitwise’s ETHW. The rest? Just sitting there, twiddling their thumbs, no inflows to save the day. Trading volume? A measly $238.09 million, with net assets slipping further to $6.07 billion. What a mess! 🤦♂️
With bitcoin ETFs stuck in this endless loop of inflows and outflows, and ether ETFs showing no signs of life, market watchers are bracing for more chaos. Will bitcoin ETFs pull another Houdini act, or is this just the beginning of a long, sad decline? Stay tuned! 📺
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2025-04-04 20:57