Bitcoin ETFs lose $65 million while Ether ETFs gain $2 million

Bitcoin (CRYPTO:BTC) exchange-traded funds (ETFs) faced a challenging session on April 4, recording $65 million in outflows with no offsetting inflows across all 12 funds.

Major contributors to the outflows included Grayscale’s GBTC ($25.21 million), Ark 21shares’ ARKB ($21.82 million), and Bitwise’s BITB ($17.85 million).

Despite heightened trading activity, with Bitcoin ETFs generating $4.43 billion in volume—almost double the previous day—investor sentiment remained bearish, pushing total net assets down to $94.45 billion.

In stark contrast, Ether (CRYPTO:ETH) ETFs showed signs of recovery after a weeklong streak of outflows.

Franklin Templeton’s EZET recorded a modest inflow of $2.06 million, marking the only positive movement for Ether ETFs that day.

Trading volume for Ether ETFs climbed to $371.79 million, with net assets inching up to $6.16 billion.

The divergence between Bitcoin and Ether ETF flows reflects shifting investor sentiment amid broader market volatility.

Analysts suggest macroeconomic factors, including inflation concerns and potential Federal Reserve rate adjustments, are influencing risk asset investments like cryptocurrency ETFs.

Bitcoin’s price has also been under pressure recently, contributing to the outflows.

Over the past two weeks, Bitcoin spot ETFs saw cumulative outflows of $1.3 billion as the cryptocurrency’s price dropped 11.6%, according to Farside Investors.

Grayscale led these outflows with $517 million exiting its fund during this period.

While Ether ETFs managed a minor inflow, questions remain about whether this signals a sustainable shift or merely a temporary breather in bearish trends.

Market observers are closely watching upcoming macroeconomic events for further clues on investor behavior.

At the time of reporting, the Bitcoin (BTC) price was $76,959.00, and the Ethereum (ETH) price was $1,543.76.