Bitcoin and Ethereum ETF Outflows Highlight Market Movements
According to Lookonchain, the net outflow of Bitcoin ETFs on April 10 was 847 BTC, equivalent to a decrease of $68.95 million, with iShares (Blackrock) alone accounting for an outflow of 1,091 BTC valued at $88.86 million. iShares currently holds 570,983 BTC worth approximately $46.51 billion. Additionally, Ethereum ETFs saw a net outflow of 5,645 ETH, valued at $8.88 million, with Fidelity contributing an outflow of 3,498 ETH worth $5.5 million, maintaining a holding of 394,253 ETH.
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On April 10, 2025, significant outflows were recorded in both Bitcoin and Ethereum ETFs, as reported by Lookonchain. The total net outflow for the 10 Bitcoin ETFs amounted to -847 BTC, equivalent to -$68.95 million. Notably, the iShares Bitcoin ETF managed by Blackrock experienced outflows of 1,091 BTC, valued at $88.86 million, leaving it with a holding of 570,983 BTC, valued at $46.51 billion at the time of the report. On the Ethereum side, the 9 Ethereum ETFs saw a net outflow of -5,645 ETH, equating to -$8.88 million. Fidelity's Ethereum ETF had outflows of 3,498 ETH, amounting to $5.5 million, and held 394,253 ETH as per the data timestamped at 14:00 UTC (Lookonchain, 2025).
The outflows in these ETFs could signal a bearish sentiment among institutional investors, impacting the broader market. The price of Bitcoin, as reported by CoinMarketCap, was $81,400 at 14:30 UTC on April 10, 2025, showing a slight decrease of 0.5% from the previous day's closing price of $81,800 (CoinMarketCap, 2025). Ethereum's price stood at $1,580, a decline of 0.3% from $1,585 the previous day (CoinMarketCap, 2025). The trading volume for Bitcoin on major exchanges like Binance was 23,000 BTC over the last 24 hours, a 15% decrease from the previous day's volume of 27,000 BTC (Binance, 2025). Ethereum's trading volume on the same exchange was 1.2 million ETH, a 10% decrease from 1.33 million ETH (Binance, 2025). These volume decreases indicate a potential reduction in market liquidity and could further exacerbate downward price pressure.
Technical indicators for Bitcoin on April 10, 2025, showed the RSI at 45, suggesting the asset was neither overbought nor oversold, and the MACD was at -150, indicating a bearish momentum (TradingView, 2025). Ethereum's RSI was at 43, also neutral, while its MACD stood at -50, showing a weaker bearish momentum compared to Bitcoin (TradingView, 2025). The 24-hour trading volume for the BTC/USD pair on Coinbase was 19,500 BTC, down 12% from the previous day's 22,100 BTC, and the ETH/USD pair volume was 950,000 ETH, a decrease of 8% from 1.03 million ETH (Coinbase, 2025). On-chain data revealed that the number of active Bitcoin addresses dropped by 5% to 850,000 from 895,000 the previous day, indicating reduced network activity (Glassnode, 2025). Ethereum's active addresses decreased by 3% to 420,000 from 433,000 (Glassnode, 2025).
Given these market conditions and technical indicators, traders might consider short-term strategies such as selling into rallies or waiting for a potential bounce back if the market sentiment shifts. For long-term holders, monitoring the institutional flows and on-chain metrics closely will be crucial in making informed decisions about their positions in these assets.
The outflows in these ETFs could signal a bearish sentiment among institutional investors, impacting the broader market. The price of Bitcoin, as reported by CoinMarketCap, was $81,400 at 14:30 UTC on April 10, 2025, showing a slight decrease of 0.5% from the previous day's closing price of $81,800 (CoinMarketCap, 2025). Ethereum's price stood at $1,580, a decline of 0.3% from $1,585 the previous day (CoinMarketCap, 2025). The trading volume for Bitcoin on major exchanges like Binance was 23,000 BTC over the last 24 hours, a 15% decrease from the previous day's volume of 27,000 BTC (Binance, 2025). Ethereum's trading volume on the same exchange was 1.2 million ETH, a 10% decrease from 1.33 million ETH (Binance, 2025). These volume decreases indicate a potential reduction in market liquidity and could further exacerbate downward price pressure.
Technical indicators for Bitcoin on April 10, 2025, showed the RSI at 45, suggesting the asset was neither overbought nor oversold, and the MACD was at -150, indicating a bearish momentum (TradingView, 2025). Ethereum's RSI was at 43, also neutral, while its MACD stood at -50, showing a weaker bearish momentum compared to Bitcoin (TradingView, 2025). The 24-hour trading volume for the BTC/USD pair on Coinbase was 19,500 BTC, down 12% from the previous day's 22,100 BTC, and the ETH/USD pair volume was 950,000 ETH, a decrease of 8% from 1.03 million ETH (Coinbase, 2025). On-chain data revealed that the number of active Bitcoin addresses dropped by 5% to 850,000 from 895,000 the previous day, indicating reduced network activity (Glassnode, 2025). Ethereum's active addresses decreased by 3% to 420,000 from 433,000 (Glassnode, 2025).
Given these market conditions and technical indicators, traders might consider short-term strategies such as selling into rallies or waiting for a potential bounce back if the market sentiment shifts. For long-term holders, monitoring the institutional flows and on-chain metrics closely will be crucial in making informed decisions about their positions in these assets.
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