Bitcoin ETF outflows push assets below $100B

Bitcoin exchange-traded funds recorded $137.8 million in net outflows on April 29, led by BlackRock’s IBIT with $54.73 million in exits, marking a third consecutive day of withdrawals.

The pullback pushed total Bitcoin ETF assets below $100 billion to $99.27 billion, signalling a shift toward caution after a recent inflow streak.

Other major funds, including Fidelity’s FBTC and Ark & 21Shares’ ARKB, also saw notable outflows, reflecting broader profit-taking across institutional investors.

Despite the outflows, trading activity remained strong, with $2.04 billion in Bitcoin ETF volume, suggesting continued engagement even as sentiment weakens.

Ether ETFs followed the trend, posting $87.73 million in net outflows, led by Fidelity’s FETH and BlackRock’s ETHA, highlighting a broader cooling across major crypto assets.

In contrast, XRP-linked ETFs recorded $3.59 million in inflows, indicating selective risk appetite among investors, while Solana products saw no movement for a third straight session.

The data suggests a market recalibrating, with investors trimming exposure to large-cap crypto assets while cautiously rotating into smaller segments.

At the time of reporting, Bitcoin price was $77,079.21.