BlackRock Falls Flat as Bitcoin ETFs End April in Red
US Bitcoin ETFs saw a $263 million outflow on April 27, ending a nine-day inflow streak, with BlackRock's IBIT showing flat flows.Summary
US Bitcoin spot ETFs experienced a significant pullback on April 27, shedding $263 million and breaking a nine-day streak of inflows. This marks a tense moment for BlackRock's iShares Bitcoin Trust (IBIT), which has seen roughly flat flows for six months, indicating a cooling appetite for passive Bitcoin exposure despite recent price stability. In contrast, US Ethereum spot ETFs collectively lost $50.48 million, with BlackRock's Staked ETH ETF (ETHB) being the sole exception, attracting fresh capital. This trend suggests investors may be favoring yield-bearing products like staked Ethereum over passive Bitcoin holdings as the second quarter concludes. Solana ETFs also saw a minor net outflow. Despite the daily dip, the seven-day net flow for Bitcoin ETFs remains positive at $283 million.
(Source：BeInCrypto)