Bitcoin ETFs reverse 7-day outflows as BTC price finds footing near $85K

Bitcoin ETFs have reversed their seven-day streak of outflows as Bitcoin price finds support near the $85,000 level.

According to the latest data updated on April 14, US Bitcoin spot ETFs recorded $1.47 million in daily net inflows. This has broken the negative trend that dominated much of early April.

Bitcoin ETF performance breakdown shows mixed results

A look at the performance of specific ETFs reveals mixed results across different Bitcoin spot ETFs. SoSoValue data shows BlackRock’s IBIT remains the market leader with $48.58 billion in net assets.

IBIT’s one-day price change was 1.28%, and the value traded was $1.57 billion on April 14. IBIT still leads in net assets, including one-day net outflows of $36.72 million.

Fidelity’s FBTC is second with $16.63 billion in net assets and appeared to have slightly better short-term momentum than IBIT, as FBTC had a price increase of 1.32% the same day, net inflows of $35.25 million, and value traded of $305.73 million.

Grayscale’s GBTC has $16.14 billion in net assets and is the third largest Bitcoin ETF, comprising 0.96% of Bitcoin’s market capitalization. However, it continues to see a decline in assets for cumulative net outflows totaling $22.78 billion since converting from a Trust to an ETF in January.

Ark Invest’s ARKB controls $4.01 billion in assets with a daily price change of +1.33%. The fund saw no new inflows on April 14 but has accumulated $2.58 billion in total cumulative inflows since its launch.

Smaller ETFs in the ecosystem include BITB, HODL, and BRRR, which hold $3.18 billion, $1.20 billion, and $486.69 million in net assets respectively. VanEck’s HODL saw a daily price increase of 1.35% but experienced outflows of $0.07 million on the reported day. The fee structure across these products varies, with FBTC offering the lowest fee at 0.00%, while GBTC charges 1.50%.

Crypto market sentiment turns after prolonged outflows

The recent positive inflow is a change in market sentiment after several weeks of consistent outflows from Bitcoin investment products. According to CoinShares data, crypto investment products had experienced three consecutive weeks of outflows, with $795 million exiting the market in the previous week alone.

Bitcoin-specific funds bore the brunt of these outflows and accounted for $751 million or about 94% of all withdrawals. This negative trend since early February had resulted in cumulative outflows reaching $7.2 billion. This nearly eliminated all inflows recorded since the beginning of 2025. Prior to the recent turnaround, year-to-date inflows stood at just $165 million.

The outflows were broadly distributed across major fund providers. Data shows that iShares ETFs lost the largest amount of funds at $341.64 million, followed by Grayscale Investments with $186.69 million in outflows.

Fidelity’s Wise Origin Bitcoin Fund saw $74.63 million exit, while Bitwise Funds Trust lost $43.78 million. ProShares ETFs were the only major provider to record positive inflows during this period, attracting $3.70 million.

The reversal of this trend coincides with Bitcoin finding support near the $85,000 level. The stabilization in Bitcoin’s price appears to have restored some investor confidence in spot ETF products, leading to the positive inflows recorded on April 14.

Trading volume across Bitcoin ETFs remain strong

Despite the fluctuations in inflows and outflows, trading volume across Bitcoin ETFs remains strong. According to the data from April 14, the total value traded across US Bitcoin spot ETFs reached $2.16 billion.

BlackRock’s IBIT led trading activity with $1.57 billion in daily value traded and accounted for more than 70% of the total ETF trading volume.

Fidelity’s FBTC recorded the second-highest trading volume with $305.73 million traded on April 14. This is about 14% of the total daily trading value across all Bitcoin ETFs. The fund also saw 4.14 million shares change hands during the trading session.

Grayscale’s GBTC kept up a significant trading volume of $96.29M daily, although net outflows persist. In addition, Ark’s ARKB had $76.13M of volume, and Bitwise’s BITB traded $32.47M. In general, the data reveals a positive correlation between price movement in Bitcoin and ETF prices on April 14, with most funds showing daily price increases in the 1.25-25% range.

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