Bitcoin ETFs See $172M Weekly Outflows as Market Faces Sharp Downturn

Highlights:

• Bitcoin ETFs reported $172.89 million in outflows, ending a two-week inflow streak.
• Grayscale GBTC saw the biggest outflows, losing $95.5 million last week.
• Ethereum ETFs faced $49.93 million in outflows, marking six straight weeks of withdrawals.

According to data from SoSoValue, the US-based spot Bitcoin (BTC) Exchange-Traded Funds (ETFs) reported $172.89 million in net outflows over the past week. This marks the end of a two-week inflow streak that had seen nearly $941 million flowing into the funds.

Bitcoin ETFs experienced outflows on four of the five days between March 31 and April 4. On Monday, outflows totaled $71.07 million, followed by $157.64 million on Tuesday, $99.86 million on Thursday, and $64.88 million on Friday. Wednesday was a positive day with $220.76 million in inflows. Grayscale GBTC saw the biggest outflows, losing $95.5 million last week. WisdomTree’s BTCW followed with $44.6 million. IBIT, BITB, ARKB, and HODL funds had outflows of $35.5 million, $24.1 million, $22.2 million, and $4.9 million, respectively.

UPDATE: BITCOIN SPOT ETFS SAW $173M WEEKLY OUTFLOWS (MARCH 31-APRIL 4), ETHEREUM SPOT ETFS LOST $49.93M

— BSCN Headlines (@BSCNheadlines) April 7, 2025

The week wasn’t entirely bearish. Grayscale’s spot Bitcoin Trust, Franklin Templeton’s EZBC, and Fidelity’s FBTC saw a combined $61.8 million in inflows. The other BTC ETFs remained unchanged over the five days. Ethereum ETFs also faced a decline. They recorded $49.93 million in outflows last week. This marks six consecutive weeks of withdrawals, totaling over $795 million.

Crypto Market Sees Significant Drop Amid Economic Uncertainty

The crypto market saw a nearly 10% drop in a single day. Bitcoin fell 7%, dropping below $76,500. BitMEX co-founder Arthur Hayes had warned that this price level must be maintained to prevent further losses.

The ETF outflows coincide with rising economic uncertainty. President Donald Trump introduced new tariffs, termed “Liberation Day” duties. The plan imposes a flat 10% on all imports and higher rates for specific trading partners. The tariff announcements have sparked fears of a potential global trade war.

Mrkt no likey "Liberation Day", if $BTC can hold $76.5k btw now and US tax day Apr 15, then we are out of the woods. Don't get chopped up!

— Arthur Hayes (@CryptoHayes) April 2, 2025

Bitcoin ETFs have raised $36.07 billion since launching in January last year, despite recent outflows. These funds currently hold $94.45 billion in assets, representing roughly 5.65% of Bitcoin’s total market value. The Fear & Greed Index, which measures market sentiment, is currently at 40, signaling caution among investors. The total cryptocurrency market cap is $3.01 trillion as traders face both market volatility and potential impacts from economic policies.

Asian Markets Slide as Gold and Bitcoin Drop Together

Asian markets are facing their worst two-day Wall Street drop in five years. On April 7, Japan’s main index, Nikkei 225, closed 7.8% lower than the previous day, while the broader Topix exchange also dropped by 7.7%. Meanwhile, China’s Shanghai Composite Index ended the day with a loss of over 7.3%.

South Korea’s stock market had its worst session since 2008, with KOSPI dropping 8.8%. Hong Kong’s Hang Seng Index fell 13.74%, and Taiwan’s Taiex dropped 9.7%.

As recession fears rise, traditional markets are falling. Alternative assets are also struggling, showing no signs of safety. Despite past beliefs, gold and Bitcoin are posting similar losses. Gold has fallen over 4% to around $3,030 after hitting a record high of $3,176 earlier this month.