US-listed spot Bitcoin exchange-traded funds posted their first web outflows in 9 periods as BTC slipped beneath $77,000 on Monday.
Bitcoin ETFs noticed $263 million in web outflows on Monday, marking the primary outflows since mid-April, according to SoSoValue information.
The losses got here after spot ETFs drew $2.1 billion in inflows since April 13 as BTC rose about 10% over the interval, according that CoinGecko.
Day by day spot Bitcoin ETF inflows from April 13, 2026. Supply: SoSoValue
Alongside Bitcoin’s run, the Crypto Concern & Greed Sentiment Index on Monday moved into “Impartial” territory for the primary time in three months, clocking a rating of 47. Nonetheless, the index flipped again to “Concern” on Tuesday as BTC failed to increase its rally above $80,000.
Constancy’s Bitcoin ETF leads outflows at $150 million
Nearly all of Monday’s losses got here from the Constancy Smart Origin Bitcoin Fund (FBTC), which noticed $150 million in outflows, according to Farside.
The Grayscale Bitcoin Belief ETF (GBTC) and the ARK 21Shares Bitcoin ETF (ARKB) adopted with about $47 million and $43 million, respectively.
Day by day spot Bitcoin ETF inflows by issuer from April 20, 2026. Supply: Farside
BlackRock’s iShares Bitcoin Belief ETF (IBIT) and the Morgan Stanley Bitcoin Belief ETF (MSBT) recorded flat flows after multi-day influx streaks.
Associated: Bitcoin leads $1.2B weekly inflows into crypto investment products
Destructive sentiment additionally prolonged to identify Ether ETFs, which posted $50.5 million in outflows on Monday. XRP and Solana ETFs recorded zero inflows.
Bitcoin institutional demand outpaces mining provide
Bitcoin’s rally in April got here as institutional demand far outpaced mining provide.
Michael Saylor’s Strategy has bought 56,235 BTC in April up to now, whereas world ETFs added one other 34,552 BTC on behalf of their purchasers over the identical interval.
This compares with 11,829 BTC estimated to have been mined up to now this month, based on HODL15Capital information.
Supply: HODL15Capital
CryptoQuant analyst XWIN Japan said Bitcoin’s sharp decline over the previous few days was seemingly not pushed by spot supply-demand imbalance, however by a “traditional liquidity occasion” triggered by pressured liquidations of leveraged lengthy positions.
In earlier evaluation, CryptoQuant said a rejection of the $80,000 stage would sign overhead provide at that stage, probably extending the drawdown for each ETF buyers and short-term whales.
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