Crypto ETF Market Faces $329M Net Outflow Despite $99.5B in Assets Under Management
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Data from Phoenix Group shows the crypto ETF market experienced high pressure through massive $329.6 million total net withdrawals during the previous 30 days. The market maintains strength despite negative fund flow momentum because its assets under management (AUM) stand at $99.5 billion.
Bitcoin Dominates AUM with $91.3 Billion
The combined assets under management for crypto ETFs attained $99,545,932,921 as of April 9. The total assets under management amount of $91.3 billion belongs to Bitcoin-based ETFs that hold the dominant share of this capital. The investment community continues to choose Bitcoin over Ethereum-based ETFs as Ethereum-based products hold only $8.2 billion of total assets while Bitcoin-based products control $91.3 billion.
During the 30-day review period, the AUM chart presents a level trend. The downward visual trend in investor confidence for crypto ETFs during this period coincides with Bitcoin price drops throughout the period.
Net Flow Sees Sharp Decline with Bitcoin ETFs Leading Outflows
All cryptocurrencies experienced major withdraws through ETFs totaling $329.6 million in the previous thirty-day period. A total of $326.3 million flowed out of Bitcoin ETFs and this represented almost the entirety of the negative movement. The outflows from Ethereum ETFs added $3.3 million to the overall withdrawal statistics during this period. The chart demonstrates consistent negative movement that showed its peak decline on April 8.
Top 5 Funds Hold the Line Amid Market Volatility
The iShares’ Bitcoin Trust (IBIT) stands at the forefront of leading crypto ETFs because it maintains $44.8 billion in assets under management alongside a market capitalization of $44.1 billion.
Fidelity Wise Origin Bitcoin Fund holds second place with $15.1 billion in AUM. It maintains significant market activity through the $244.4 million trading volume at this time.
The iShares ETHA fund stands as the top Ethereum-based fund according to the leadership rankings. Among all Ethereum ETFs in the top five ETHA is the top performer because it maintains an AUM of $1.7 billion and a market cap of $1.7 billion as well as a trading volume of $182.5 million.
Grayscale Bitcoin Trust (GBTC) demonstrates solid dominance in the market through its $14.6 billion AUM and $124.2 million volume. BITO from ProShares retains its place among the top five crypto ETFs through $2.7 billion in AUM and $98.1 million in volume.
Outlook: Market Holds Strong Despite Redemptions
A significant near-$100 billion AUM value demonstrates that institutional and retail investors maintain enduring faith in crypto-based ETFs despite recent market outflows. The cryptocurrency ETF sector faces upcoming challenges from regulatory and macroeconomic conditions while iShares maintains leadership for innovation along with Fidelity in terms of volume and Ethereum ETFs demonstrate steady growth potential.
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