Data from UK asset manager Farside Investors shows that Bitcoin ETFs have continued to face outflows throughout April, with investors pulling money from the product despite a recent price recovery.
Outflows were almost consistent throughout the month, with all but one day in April seeing outflows. As of Friday, total outflows for April reached $812.3 million, with BlackRock’s iShares Bitcoin Trust (IBIT) seeing the highest outflows at $393.2 million.
The Grayscale Bitcoin Trust ETF (GBTC) also experienced large outflows, with a total of $256.4 million flowing out during the period, according to Farside. The Fidelity Smart Origin Bitcoin Fund (FBTC) saw outflows of $64.5 million, while the Bitwise Bitcoin ETF (BITB) saw outflows of $42.3 million.
Grayscale Bitcoin Mini Trust (BTC) was the only ETF to see positive flows during the month, adding $36.7 million during the period, according to Farside data.
The largest single-day outflow occurred on April 8, when the Bitcoin ETF lost $326.3 million — the same day President Donald Trump imposed a 104% tariff on Chinese imports. The outflow was more than double the second-largest single-day outflow in April.
Bitcoin ETFs Show Resilience Amid Outflows
Despite the continued outflows from ETFs, the price of Bitcoin has shown resilience. The cryptocurrency recently traded at around $84,150, up 7.8% over the past seven days and slightly up in the past 24 hours, according to CoinMarketCap.
April 2 was the only day to see positive inflows this month, with the ETF adding a total of $218.1 million, according to Farside data. The inflows came as the Trump administration announced a 34% tariff on Chinese imports, bringing the cumulative tariff rate to 54%.
Despite the recent outflow trend, Bitcoin ETFs have seen net inflows of $215.2 million so far this year. IBIT led with $2.3 billion in net inflows, while GBTC had the highest net outflows at $1.23 billion.
MSTR Buys More Bitcoin
As Bitcoin ETFs experience outflows, Strategy Inc. (MSTR) continues to increase its holdings. According to a filing with the U.S. Securities and Exchange Commission on Monday, the company bought 3,459 bitcoins between April 7 and April 13 at an average price of $82,618 per bitcoin, with a total value of approximately $285.8 million.
The purchase brings Strategy’s total bitcoin holdings to 531,644, with a total investment of $35.9 billion and an average purchase price of $67,556 per bitcoin.
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