The sharp outflows point to growing caution among institutional investors. Most are pulling out due to broader economic concerns, including the impact of trade tensions related to Donald Trump’s new policies. The action is a strong suggestion that investors are losing faith in Bitcoin ETFs, at least temporarily.
BlackRock’s IBIT ETF lost the most, with a net outflow of $252.29 million. Despite the loss, its total net inflow still stands strong at $39.66 billion. Bitwise’s BITB followed, recording a $21.27 million outflow. Its total net inflow remains at $1.97 billion.
For the second time this week, none of the 12 US-listed spot Bitcoin ETFs recorded a single net inflow.
Meanwhile, Bitcoin futures are also cooling down. Open interest in BTC futures dropped to $50.81 billion, down 0.27% in the past day. This shows fewer traders are willing to take on new leveraged positions.
Despite that, a positive funding rate of 0.0090% suggests that some traders still favor long positions. In the options market, call contracts now outnumber puts. This indicates growing optimism, as traders bet on a price rebound or hedge for upward moves.
Overall, sentiment is mixed – caution is growing, but hope for a rally remains.
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2025-04-09 03:20:53
