- American Bitcoin- funds recorded an outflow of $291 million.
- ETH-ETF и XRP-ETH started the week with positive results.
On Monday, April 13, despite Bitcoin’s rise above $74,000, bitcoin ETF demonstrated an outflow of funds. According to Farside, on the first trading day of the week, investors withdrew more than $291 million from funds.
Market participants withdrew the most funds from Fidelity Wise Origin (FBTC), which lost $229 million on April 13. However, not all issuers Bitcoin-funds recorded outflows. For example, BlackRock’s capital inflow into IBIT totaled approximately $35 million, extending the positive period to four days. During this time, ETF received more than $482 million from investors.
Morgan Stanley Fund Bitcoin Trust (MSBT) also made the cut ETF, which demonstrated a four-day streak of inflows. Since its launch on April 8, investors have poured $68 million into the American bank’s investment products.
Ethereum-ETF, Unlike Bitcoin-funds, started the week with positive dynamics. On Monday, they collectively attracted almost $9,4 million. In total, over the last three trading days, they received about $160 million from investors.
XRP-ETF On Monday, they recorded an influx of $1,5 million, while SOL-ETF noted a zero result.
It’s worth noting that, despite capital withdrawals from Bitcoin-based exchange-traded products, its price has been rising by approximately $1000 per day for the past two days. On April 13, BTC added $1000 to its price, reaching $74,000. Today, April 14, its price has risen to $75,990.
Without clear catalysts for growth, analysts are reluctant to talk about strengthening the bullish trend and predict further volatility in both directions.
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