U.S. spot Bitcoin ETFs recorded $137.75 million in net redemptions on April 29, extending a three-day streak of outflows. The withdrawals mark a shift in short-term institutional positioning following a strong April, which saw more than $2.4 billion in net inflows to Bitcoin funds overall. Outflows were broad-based across major issuers, including BlackRock’s iShares Bitcoin Trust, Fidelity’s Wise Origin Bitcoin Fund, ARK 21Shares’ ARKB, Grayscale’s Bitcoin Trust, and Franklin Templeton’s EZBC. One product recorded modest $10.81 million in net inflows, partially offsetting the broader trend. Analysts interpret the pullback as tactical positioning rather than a structural reversal, as Bitcoin has traded below $80,000 following resistance near that level.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Hut 8 Replaces Coinbase Loan with $200M FalconX Bitcoin-Backed Facility
Hut 8 replaced its Coinbase Credit arrangement with a new $200 million bitcoin-backed facility provided by FalconX, according to the announcement. The new facility has a 364-day term and reduces the company's borrowing costs by 200 basis points compared to the previous Coinbase arrangement.
CryptoFrontier7m ago
Middle East tensions escalated, US stocks pulled back from their highs, and Bitcoin held steady around $80,000.
Middle East tensions escalated, pushing up oil prices, and US stocks pulled back from their recent highs; Bitcoin broke above $80k yesterday, topping out at $80,776. Open interest for Deribit’s $80k call options rose notably, indicating capital betting on price gains within the month. Spot ETFs saw net inflows of $630 million this week. The market remains optimistic about progress on stablecoin yield-related terms, along with developments tied to the CLARITY Act.
ChainNewsAbmedia50m ago
Cornell Study: Green Hydrogen-Powered Bitcoin Mining Could Generate 7.4 Tonnes CO2 Equivalent Negative Mitigation
According to research published in the Proceedings of the National Academy of Sciences (PNAS) by Cornell University, green hydrogen-powered Bitcoin mining could produce a minimum of 7.4 tonnes of CO2 equivalent negative mitigation per Bitcoin mined, with certain states achieving up to 22.6 tonnes.
GateNews2h ago
3 Altcoins Savvy Investors Are Watching — BTC, ETH, and SOL
Bitcoin leads with strong institutional ETF inflows and growing regulated investor demand.
Ethereum gains strength through blockchain utility, DeFi leadership, and rising ETF interest.
Solana attracts investors with speed, ecosystem growth, and potential spot ETF optimism.
Crypto investo
CryptoNewsLand9h ago
Bitcoin ETFs Record $603M Daily Inflow While Solana ETFs See Continued Outflows
Gate News message, according to the May 4 update, Bitcoin ETFs recorded a 1-day net inflow of 7,524 BTC (approximately $603.14 million) and a 7-day net inflow of 1,487 BTC (approximately $119.21 million). Ethereum ETFs saw a 1-day net inflow of 41,739 ETH (approximately $98.92 million), but experien
GateNews9h ago
BTC breaks through 80,000 USDT
Gate News bot message, Gate market data shows BTC has broken through 80,000 USDT, with the current price at 80,000 USDT.
CryptoRadar9h ago
