Grayscale Bucks the Trend as Bitcoin and Ethereum ETFs Start April With Fresh Outflows
BeInCrypto
U.S. spot Bitcoin and Ethereum ETFs saw significant outflows on April 1, though specific Grayscale products managed to attract new capital.Summary
U.S. spot Bitcoin and Ethereum ETFs began April with net outflows of $173.73 million and $7.10 million, respectively, continuing a trend of institutional selling pressure. While major funds like BlackRock's IBIT and Fidelity's FBTC experienced significant withdrawals, Grayscale's low-fee Bitcoin Mini Trust (BTC) and Ethereum Trust (ETHE) bucked the trend by attracting fresh capital. These outflows follow a difficult first quarter for crypto assets, influenced by persistent inflation, geopolitical tensions, and a cautious Federal Reserve.
(Source：BeInCrypto)