Overview

• US spot Bitcoin ETFs recorded $83 million in net outflows from April 8 to April 12, contrasting with the previous week's $485 million inflows.
• Grayscale Bitcoin Trust ETF saw the largest outflows at $767 million, while BlackRock and Fidelity ETFs could not offset this with their inflows.
• Bitcoin price fluctuations contributed to the outflows, with a significant drop from over $72,000 to around $65,650 last week.
• Global crypto funds also experienced outflows, with a total of $126 million leaving various funds amid market uncertainty.
• Investor sentiment reflects increased caution, impacting trading volumes and the overall market participation in ETFs.