Bitcoin spot ETF saw net outflows for three consecutive days, with IBIT having the largest single-day outflow.

According to SoSoValue data, in the U.S. on April 29 (U.S. Eastern Time), U.S. Bitcoin spot ETFs recorded a total net outflow of $138 million, marking net outflows for the third consecutive trading day. On the same day, U.S. Ethereum spot ETFs recorded a net outflow of $87.7256 million, with Fidelity (FETH) and BlackRock (ETHA) as the main sources of outflows.

Bitcoin spot ETF fund flow data (April 29)

(Source: SoSoValue)

According to SoSoValue data, on April 29, U.S. Bitcoin spot ETFs recorded a total net outflow of $138 million, with net outflows for the third consecutive trading day.

The product with the largest net inflow on the day was Morgan Stanley ETF MSBT, with a single-day net inflow of $10.8149 million, bringing MSBT’s historical cumulative net inflows to $164 million. The product with the largest net outflow on the day was BlackRock ETF IBIT, with a single-day net outflow of $54.7251 million.

According to SoSoValue data as of the time of publication on April 30, the overall indicators for U.S. Bitcoin spot ETFs:

Total net asset value (NAV): $9.9267 billion

ETF net asset ratio (share of Bitcoin total market cap): 6.55%

Historical cumulative net inflows: $5.8073 billion

Ethereum spot ETF fund flow data (April 29)

According to SoSoValue data, on April 29, U.S. Ethereum spot ETFs recorded a total net outflow of $87.7256 million.

The product with the largest net outflow on the day was Fidelity ETF FETH, with a single-day net outflow of $48.3737 million, bringing FETH’s historical cumulative net inflows to $99.27B. BlackRock ETF ETHA recorded a net outflow of $37.0565 million on the day, and ETHA’s historical cumulative net outflows reached $92.6985 million.

According to SoSoValue data as of the time of publication on April 30, the overall indicators for U.S. Ethereum spot ETFs:

Total net asset value (NAV): $58.07B

ETF net asset ratio (share of Ethereum total market cap): 4.84%

Historical cumulative net inflows: $1.1939 billion

21Shares CEO: BTC ETF has absorbed nearly $2 billion since the beginning of the year

According to CoinDesk’s Public Keys program, 21Shares Chief Investment Officer Adrian Fritz said that Bitcoin spot ETFs have absorbed nearly $2 billion in funding year to date, with demand coming from retail investors, institutional investors, and hedge funds using arbitrage and options strategies. Fritz said that Bitcoin’s current daily trading volume is over $50 billion, and the ETF structure provides liquidity in both the primary and secondary markets, making the assets “suitable for institutional investors.”

FAQ

What was the net outflow amount of Bitcoin spot ETFs on April 29 (U.S. Eastern Time)?

According to SoSoValue data, on April 29, U.S. Bitcoin spot ETFs recorded a total net outflow of $138 million, marking net outflows for the third consecutive trading day.

On April 29, which Bitcoin spot ETF saw the largest net outflow? Which saw the largest contrarian net inflow?

According to SoSoValue data, the ETF with the largest net outflow on the day was BlackRock’s IBIT, with a single-day net outflow of $54.7251 million; the ETF with the largest contrarian net inflow was Morgan Stanley’s MSBT, with a single-day net inflow of $10.8149 million.

As of April 30, what is the overall size of U.S. Bitcoin spot ETFs?

According to SoSoValue data as of the time of publication, U.S. Bitcoin spot ETFs have total net asset value of $9.9267 billion, an ETF net asset ratio of 6.55%, and historical cumulative net inflows of $5.8073 billion.