- BTC ETF outflows total $273M over three sessions amid a price slump.
- Grayscale’s GBTC leads with $74M in redemptions on April 7.
Bitcoin ETFs saw continued outflows on Monday, shedding $109 million in a third straight day of redemptions. The exit coincided with a broader price dip, with BTC falling 11% to near $74,472. Trading volume rose sharply despite the asset pullback, showing ongoing market engagement.
Grayscale’s GBTC Dominates Outflows Amid Broader Market Weakness
According to SoSoValue, spot Bitcoin ETFs in the U.S. recorded $109.21 million in net outflows on April 7. This marked the third trading day of capital exiting the sector. Grayscale’s GBTC accounted for most of the redemptions, losing $74.01 million on the day.
Spot Bitcoin ETF from April 1 to April 7 | Source: SoSoValue.
Invesco’s BTCO trailed with $12.86 million in withdrawals, followed by WisdomTree’s BTCW, which saw $6.23 million leave. VanEck’s HODL reported a $6.10 million reduction, while Valkyrie’s BRRR posted $5.32 million in outflows. ARK 21Shares’ ARKB completed the list with a $4.69 million decrease.
Six funds, including BlackRock’s IBIT and Fidelity’s FBTC, did not report any inflow or outflow activity. Despite the negative capital movement, Bitcoin ETF trading volume reached $6.59 billion, up from $4.43 billion last Friday. This suggests continued market activity, even as the total net assets dipped below $90 billion, closing at $87.86 billion.
Global Bitcoin ETPs also reflected the bearish mood, with $207 million in weekly outflows recorded between April 1 and April 7. With Monday’s figures included, the three-day cumulative U.S. ETF outflows total $273 million. The broader crypto market appeared to react to economic news, including updated tariff policies, which contributed to the sharp BTC price decline.
BTC Price Dips to $74K as Chart Reveals Repeated Selling Pressure
A recent analysis showed an initial drop from $87,482.44, followed by a short recovery to $83,644.81. A steeper climb reached $88,691.98, but the momentum quickly faded, and BTC entered a tight consolidation range.
Source: TradingView
The price dropped again, falling from $83,431.89 to a session low of $74,472.63. This level marked the deepest dip during the week and confirmed heavy market pressure. Following the decline, Bitcoin rebounded to just under $80,000 and entered a horizontal range.Resistance is currently near $80,000, while support remains closer to $74,000. The last notable swing high was $86,405.14, which now serves as a key short-term resistance barrier. The price action reflects cautious trading behavior as participants await clear signals on BTC’s next direction.
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