Bitcoin ETFs News: Spot Bitcoin ETFs Post $291 Million in Outflows -- Biggest Since March 27 -- as Bitcoin (BTC) Crosses $75,000
Key Takeaways
US spot Bitcoin ETFs recorded $291 million in net outflows on Monday, the largest single-day redemption since March 27, per SoSoValueFidelity's FBTC drove the bulk of selling at $229 million, while BlackRock extended its inflow streak to four consecutive days totaling $482 millionMorgan Stanley's MSBT, launched April 8, has attracted approximately $68 million in inflows across its first four trading sessionsNet outflows push spot Bitcoin ETFs back into negative year-to-date territory at approximately $160 millionBTC has since crossed $75,000, extending Monday's roughly 5% rally to four-week highsThe Crypto Fear & Greed Index stands at 21, remaining in "extreme fear" despite modest improvement
US spot Bitcoin ETFs suffered their worst day of outflows since March 27 on Monday, shedding $291 million in net redemptions even as Bitcoin surged approximately 5% to approach and ultimately cross $75,000, according to SoSoValue data.
The divergence between strengthening spot prices and institutional ETF selling points to cautious positioning among some fund investors, even as Bitcoin reaches its highest levels in four weeks.
Fidelity Leads Selling, BlackRock Holds Firm
Fidelity's Wise Origin Bitcoin Fund (FBTC) was the primary driver of Monday's outflows, accounting for $229 million of the total $291 million in redemptions, per Farside data. The selling was concentrated rather than broad-based, with other funds largely holding steady or continuing to attract capital.
BlackRock's iShares Bitcoin Trust was a notable exception, recording approximately $35 million in inflows on Monday and extending its consecutive inflow streak to four days. BlackRock has now pulled in $482 million across that four-day run, underscoring the bifurcated nature of current ETF flows.
The Morgan Stanley Bitcoin Trust ETF (MSBT), which launched on April 8, has also continued its strong start, accumulating approximately $68 million in inflows across its first four trading sessions.
Year-to-Date Flows Turn Negative Again
Monday's outflows erased recent progress, pushing US spot Bitcoin ETFs back into negative year-to-date territory. Cumulative net outflows now stand at approximately $160 million for 2026, reversing what had briefly appeared to be a path toward turning positive for the year following $1.34 billion in March inflows.
Altcoin ETFs Provide Modest Offset
Altcoin funds held up better on Monday. Spot Ethereum ETFs added $9.4 million in inflows, extending a three-consecutive-day positive run totaling approximately $160 million. XRP ETFs posted $1.5 million in inflows, while Solana funds recorded no flows for the session.
Sentiment and Outlook
The Crypto Fear & Greed Index climbed above 20 on Tuesday for the first time since March 19, registering a reading of 21 -- a marginal improvement but still firmly in "extreme fear" territory. The index's modest recovery coincides with Bitcoin's push past $75,000, though broader investor sentiment has yet to meaningfully shift.
CryptoQuant analysts cautioned that sustained upside would likely require fresh capital entering derivatives markets, with rising open interest needed to confirm the durability of the current trend. Some analysts have also flagged a potential retracement to $50,000 as a risk scenario before any durable rally takes hold.