Bitcoin ETF is facing a sustained outflow during April, with investors pulling money from their products despite a recent price recovery, according to data from Farside Investors, a UK-based asset manager.
The spills have been almost consistent throughout the month, recording all Bitcoin ETF leaks except for the April 1st. The total April outflow reached $812.3 million as of Friday, with BlackRock’s Ishares Bitcoin Trust (IBIT) leading the Exodus with a $393.2 million withdrawal.
The Grayscale Bitcoin Trust ETF (GBTC) has also experienced a major outflow, with $256.4 million left the fund during this period. The Fidelity Wise Origin Bitcoin Fund (FBTC) had a $64.5 million outflow, while the Bitwise Bitcoin ETF (BITB) has left the $42.3 million fund.
The Grayscale Bitcoin Mini Trust (BTC) stands as the only ETF showing the positive flow of the month, adding $36.7 million over the period, according to data from Farside.
The biggest day’s leak occurred on April 8th, when Bitcoin ETF lost $326.3 million. On the same day, President Donald Trump implemented a 104% tariff rate on Chinese imports. The spill was more than twice the next biggest spill day in April.
Despite consistent ETF leaks, Bitcoin prices show resilience. According to data from CoinmarketCap, it has recently traded at around $84,150, marking a 7.8% increase over the past seven days and a slight increase over the past 24 hours.
According to Farside, April 2 stood out as the only positive day in flow data for the month, with the ETF collectively adding $228.1 million. This inflow of capital came just as the Trump administration announced an additional 34% tariff on Chinese imports, raising the cumulative tariff rate to 54%.
Over the past year, despite recent trends in outflows, Bitcoin ETF flows have remained positive at $215.2 million. IBIT leads with a net inflow of $2.3 billion per year, while GBTC has experienced its biggest outflow at $1.23 billion.
As Bitcoin ETFs experience Outflows, Strategy Inc. (MSTR) continues to be added to their holdings. According to a Securities and Exchange Commission application on Monday, the company purchased 3,459 Bitcoin for approximately $285.8 million between April 7th and April 13th at an average price of $82,618 per Bitcoin.
This latest acquisition brings the strategy’s total Bitcoin holdings to 531,644, representing a total investment of $35.9 billion with an average purchase price of $67,556 per Bitcoin.