After launching ETFs for 2 main cryptos BTC and ETH last year, the market was looking at this as one of the crucial events in the history of crypto. Even though we had months with many inflows for both, especially Bitcoin, most recent data looks more worrying than ever.
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Bitcoin ETFs Showing Concerning Patterns
Recent data from U.S. spot Bitcoin ETFs paints a troubling picture. Yes, April 17 saw $108 million flow into these funds, with BlackRock’s IBIT pulling in $80.96 million. But this small win doesn’t change the bigger story.
April has already seen more than $812 million leave Bitcoin ETFs. This beats March’s already worrying outflows of $767.91 million. The worst day was April 8, when $326.3 million left these funds. This happened right as global tensions were rising and economic fears grew.
What’s strange is that Bitcoin’s price has stayed around $84,000 during these outflows. This suggests big investors might be quietly backing away from Bitcoin despite its stable price. They might be worried about the economy or changing their investment plans.
On April 17, U.S. spot Bitcoin ETFs recorded a total net inflow of $108 million. The largest single-day net inflow came from BlackRock’s Bitcoin ETF (IBIT), which saw an inflow of $80.9588 million. All nine spot Ethereum ETFs recorded zero net flows for the day, with neither…
— Wu Blockchain (@WuBlockchain) April 18, 2025
Ethereum ETFs Face Even Bigger Problems
Ethereum ETFs are doing even worse. On April 17, all nine U.S. spot Ethereum ETFs saw zero movement – no money coming in or going out. This came after six straight days of investors pulling their money out, including $14.2 million withdrawn on April 15.
Since these ETFs launched, they’ve lost about $406.4 million overall. A big part of this comes from Grayscale’s Ethereum Trust, which became an ETF. Many investors left this fund looking for cheaper options elsewhere.
The fact that no new money is flowing into Ethereum ETFs is a red flag. While Bitcoin at least sees some good days, Ethereum shows almost no sign of fresh interest from serious investors.
The different patterns between Bitcoin and Ethereum ETFs tell us something important. Investors seem unsure about both, but especially about Ethereum. Bitcoin is holding its price for now, but people keep pulling money from its ETFs. For Ethereum, both the price and investment interest seem to be struggling.
These trends show investors are being careful. They’re watching economic news, government rules, and market changes before committing more money. As crypto continues to face challenges this year, these ETF flows give us important clues about what the big money thinks and where the market might go next.
Read also: Burn and Rebuild: Mantra Unveils Bold $OM Rescue Plan After Massive Collapse
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