- As per Farside data, BTC ETFs saw outflows worth close to $100 million on Thursday.
- The only ETF that saw an inflow on Thursday was BlackRock’s IBIT.
- As of Thursday, BTC ETFs have seen a total net outflow of around $98 million this week.
US Bitcoin ETF saw another day of outflows on Thursday.
As per Farside data, BTC ETFs saw outflows worth close to $100 million on Thursday.
The only ETF that saw an inflow on Thursday was BlackRock’s IBIT. It registered a net inflow of around $65 million.
FBTC, BITB, ARKB, and HODL all saw outflows. The biggest outflow was registered by Grayscale Bitcoin Trust, which saw outflows of around $60 million.
Earlier in the week, Grayscale Investments launched two innovative exchange-traded funds (ETFs) designed to tap into Bitcoin’s volatility and generate consistent income.
BTC ETFs this week
US spot Bitcoin ETFs saw a net inflow on Wednesday, breaking a three-day streak of outflows during a broader market downturn.
Data from Farside showed that the funds posted a net inflow of $218 million, signaling resilience amid prevailing bearish sentiment.
BlackRock’s iShares Bitcoin Trust (IBIT) was the only fund to record an outflow on April 2, with $115 million in net redemptions.
As of Thursday, BTC ETFs have seen a total net outflow of around $98 million this week.
ETH ETFs have also seen a net outflow of around $50 million this week.
Bitcoin stands steady
The US stock market dropped sharply following President Donald Trump’s announcement of global tariffs, with the Nasdaq Composite Index experiencing one of its steepest declines since 2000.
The index fell 5.5% on Thursday, placing it just outside the top 20 worst single-day losses since the start of the century, according to Investing.com.
In contrast, Bitcoin (BTC), which often moves in line with US equities over short timeframes, diverged from that pattern.
After falling in the immediate aftermath of the announcement while markets were closed, BTC rose 0.7% the following day, with momentum continuing into Friday, according to Glassnode data.
Bitcoin is now trading above $84,000, down from around $87,000 before Trump’s remarks.
Nasdaq futures remain under pressure ahead of the upcoming US jobs report.
