Bitcoin ETFs See Big April Outflows Despite Price Recovery

Yahoo

14-04-2025

Bitcoin ETFs have faced persistent outflows throughout April, with investors pulling money from the products despite the recent price recovery, according to data from U.K.-based asset manager Farside Investors.
The outflows have been nearly consistent across the month, with all but one day in April recording outflows from the various Bitcoin ETFs. Total April outflows reached $812.3 million as of Friday, with BlackRock's iShares Bitcoin Trust (IBIT) leading the exodus at $393.2 million withdrawn.
The Grayscale Bitcoin Trust ETF (GBTC) has also experienced large outflows, with $256.4 million leaving the fund during this period, according to Farside. The Fidelity Wise Origin Bitcoin Fund (FBTC) had $64.5 million in outflows, while the Bitwise Bitcoin ETF (BITB) saw $42.3 million exit the fund.
The Grayscale Bitcoin Mini Trust (BTC) stands as the only ETF showing positive flows for the month, adding $36.7 million during the period, according to Farside's data.
The largest single-day outflow occurred on April 8, when Bitcoin ETFs lost $326.3 million—the same day President Donald Trump implemented a 104% tariff rate on Chinese imports. This outflow was more than double the next biggest outflow day in April.
Despite the consistent ETF outflows, Bitcoin's price has shown resilience. The cryptocurrency most recently traded at around $84,150, according to CoinMarketCap data, posting a 7.8% gain over the previous seven days and a fractional gain over the past 24 hours.
April 2 stands out as the only positive day in the month's flow data, with the ETFs collectively adding $218.1 million, according to Farside. This influx of capital came just as the Trump administration announced an additional 34% tariff on Chinese imports, raising the cumulative tariff rate to 54%.
For the year to date, Bitcoin ETF flows remain positive at $215.2 million, despite the recent outflow trend. IBIT leads with $2.3 billion in net inflows for the year, while GBTC has experienced the largest outflows at $1.23 billion.
As Bitcoin ETFs experience outflows, Strategy Inc. (MSTR) continues adding to its holdings. According to a Monday Securities and Exchange Commission filing, the company purchased 3,459 Bitcoin for approximately $285.8 million between April 7 and April 13 at an average price of $82,618 per Bitcoin.
This latest acquisition brings Strategy's total Bitcoin holdings to 531,644, representing an aggregate investment of $35.9 billion at an average purchase price of $67,556 per Bitcoin.Permalink | © Copyright 2025 etf.com. All rights reserved