Bitcoin ETF Update: Assets Hit $87.86B as Outflow Reads at $109.21M

• Bitcoin ETFs recorded a $109.21M daily outflow, led by GBTC’s $74.01M.
• IBIT remained dominant, with $45.10B in net assets and no daily inflow.
• ETF prices dropped over 7% amid a $6.59B daily trading volume.

According to a recent SoSoValue update, the daily total net inflow for U.S. spot Bitcoin ETFs on April 7 recorded an outflow of $109.21 million. The cumulative total net inflow stood at $35.96 billion. 

The total net assets across all ETFs reached $87.86 billion, representing 5.61% of Bitcoin’s market capitalization. The total value traded during the session was $6.59 billion.

IBIT ETF Leads in Net Assets

BlackRock’s IBIT maintained the top position in terms of net assets, totaling $45.10 billion. Its daily net inflow remained unchanged at $0.00, with a cumulative net inflow of $39.91 billion. IBIT traded $4.77 billion in value and recorded a market price of $44.27, marking a daily decline of 7.21%.

Fidelity’s FBTC ranked second in net assets at $15.44 billion. The ETF had no net inflow on April 7 and maintained a cumulative net inflow of $11.48 billion. FBTC traded $710.07 million worth of shares and closed at $68.14, reflecting a 7.15% daily drop.

Grayscale’s GBTC posted the largest single-day outflow, losing $74.01 million. Its cumulative net outflow reached $22.70 billion, while net assets stood at $14.93 billion. GBTC’s market price closed at $61.59, with a 7.13% decline. ARK 21Shares’ ARKB had a net outflow of $4.69 million and a cumulative inflow of $2.61 billion. Its net assets amounted to $3.72 billion, with $277.56 million traded. The ETF’s price dropped 7.02%, closing at $77.89.

BTCW, BTCO, EZBC, HODL, BRRR, BTC, BITB See Outflow

Grayscale’s BTC ETF reported no daily inflow and held cumulative inflows of $1.15 billion. Its net assets were valued at $3.20 billion. The ETF traded $86.65 million and closed at $34.53 after a 7.20% decline. Bitwise’s BITB showed no inflow activity for the day, maintaining a cumulative inflow of $1.99 billion. Its market value dropped 7.14%, closing at $42.43. The ETF traded $133.28 million worth of shares.

VanEck’s HODL recorded an outflow of $6.10 million with cumulative inflows of $838.34 million. Its net assets totaled $1.11 billion, and it closed at $22.08, down 7.03% on the day. Valkyrie’s BRRR reported an outflow of $5.32 million and cumulative inflows of $301.11 million. The ETF had net assets of $450.49 million. Its market price ended at $22.06, dropping 7.12%.
Franklin’s EZBC had no inflow and cumulative inflows of $255 million. Net assets were valued at $404.10 million, with a 7.03% decline. Invesco’s BTCO posted a $12.86 million outflow, closing at $77.93 after a 6.97% loss. WisdomTree’s BTCW saw a $6.23 million outflow and closed at $82.74, reflecting a daily loss of 7.22%.