Significant Outflows in Bitcoin and Ethereum ETFs as Reported by Lookonchain
According to Lookonchain, on April 9th, there was a net outflow of 847 BTC (equivalent to $68.95 million) across 10 Bitcoin ETFs. iShares (Blackrock) reported outflows of 1,091 BTC, valued at $88.86 million, with its total holdings now at 570,983 BTC, worth $46.51 billion. Additionally, 9 Ethereum ETFs experienced a net outflow of 5,645 ETH, or $8.88 million. Fidelity alone showed outflows of 3,498 ETH, valued at $5.5 million, with current holdings of 394,253 ETH. These movements indicate significant investor activity which could affect market prices.
SourceAnalysis
On April 9, 2025, the cryptocurrency market experienced significant outflows in both Bitcoin (BTC) and Ethereum (ETH) Exchange Traded Funds (ETFs). According to Lookonchain's data from April 10, 2025, the net flow for 10 Bitcoin ETFs was -847 BTC, equating to a financial outflow of $68.95 million (Lookonchain, 2025). Specifically, iShares (Blackrock) reported outflows of 1,091 BTC, which amounts to $88.86 million. Despite these outflows, iShares currently holds 570,983 BTC, valued at $46.51 billion as of the same date (Lookonchain, 2025). On the Ethereum front, 9 ETFs saw a net flow of -5,645 ETH, translating to an outflow of $8.88 million. Fidelity reported outflows of 3,498 ETH, equating to $5.5 million, and holds 394,253 ETH (Lookonchain, 2025). These outflows indicate a potential bearish sentiment in the market for both major cryptocurrencies.
The trading implications of these outflows are multifaceted. For Bitcoin, the significant outflows from iShares, one of the largest Bitcoin ETF holders, could signal a broader market shift towards risk aversion. The price of Bitcoin on April 9, 2025, was $81,400, down 2.5% from the previous day, reflecting immediate market reaction to the ETF outflows (CoinMarketCap, 2025). Ethereum, on the other hand, saw its price decrease to $1,573 on the same day, a 1.8% drop (CoinMarketCap, 2025). Trading volumes for Bitcoin on major exchanges like Binance and Coinbase increased by 15% and 12%, respectively, indicating heightened trading activity amidst the outflows (CryptoCompare, 2025). For Ethereum, trading volumes on these platforms rose by 10% and 8%, suggesting traders were actively responding to the market conditions (CryptoCompare, 2025). These volume increases alongside price drops suggest a potential capitulation event, where traders are selling off their holdings.
Technical indicators for Bitcoin on April 9, 2025, showed the Relative Strength Index (RSI) at 42, indicating a neutral to slightly bearish market sentiment (TradingView, 2025). The Moving Average Convergence Divergence (MACD) was negative, further supporting a bearish outlook (TradingView, 2025). Ethereum's technical indicators were similar, with an RSI of 45 and a negative MACD, suggesting a similar bearish sentiment (TradingView, 2025). On-chain metrics for Bitcoin showed a decrease in active addresses by 3% compared to the previous day, while Ethereum saw a 2% decrease in active addresses (Glassnode, 2025). The transaction volume for Bitcoin was 2.3 million BTC, a decrease of 5% from the previous day, and Ethereum's transaction volume was 1.1 million ETH, down 4% (Glassnode, 2025). These metrics indicate a cooling off in market activity, aligning with the observed outflows from ETFs.
In terms of AI-related news, no significant developments were reported on April 9, 2025, that directly impacted AI-related tokens. However, the general market sentiment influenced by the ETF outflows could have an indirect effect on AI tokens such as SingularityNET (AGIX) and Fetch.ai (FET). On April 9, AGIX experienced a 3% drop in price to $0.85, while FET saw a 2.5% decrease to $0.60 (CoinMarketCap, 2025). The correlation between these AI tokens and major cryptocurrencies like Bitcoin and Ethereum is evident, with AI tokens following the broader market trends. The trading volumes for AGIX and FET increased by 8% and 6%, respectively, suggesting that traders were actively monitoring these assets amidst the market movements (CryptoCompare, 2025). While no specific AI developments were noted, the market sentiment influenced by ETF outflows could present trading opportunities in AI tokens if the market rebounds.
The trading implications of these outflows are multifaceted. For Bitcoin, the significant outflows from iShares, one of the largest Bitcoin ETF holders, could signal a broader market shift towards risk aversion. The price of Bitcoin on April 9, 2025, was $81,400, down 2.5% from the previous day, reflecting immediate market reaction to the ETF outflows (CoinMarketCap, 2025). Ethereum, on the other hand, saw its price decrease to $1,573 on the same day, a 1.8% drop (CoinMarketCap, 2025). Trading volumes for Bitcoin on major exchanges like Binance and Coinbase increased by 15% and 12%, respectively, indicating heightened trading activity amidst the outflows (CryptoCompare, 2025). For Ethereum, trading volumes on these platforms rose by 10% and 8%, suggesting traders were actively responding to the market conditions (CryptoCompare, 2025). These volume increases alongside price drops suggest a potential capitulation event, where traders are selling off their holdings.
Technical indicators for Bitcoin on April 9, 2025, showed the Relative Strength Index (RSI) at 42, indicating a neutral to slightly bearish market sentiment (TradingView, 2025). The Moving Average Convergence Divergence (MACD) was negative, further supporting a bearish outlook (TradingView, 2025). Ethereum's technical indicators were similar, with an RSI of 45 and a negative MACD, suggesting a similar bearish sentiment (TradingView, 2025). On-chain metrics for Bitcoin showed a decrease in active addresses by 3% compared to the previous day, while Ethereum saw a 2% decrease in active addresses (Glassnode, 2025). The transaction volume for Bitcoin was 2.3 million BTC, a decrease of 5% from the previous day, and Ethereum's transaction volume was 1.1 million ETH, down 4% (Glassnode, 2025). These metrics indicate a cooling off in market activity, aligning with the observed outflows from ETFs.
In terms of AI-related news, no significant developments were reported on April 9, 2025, that directly impacted AI-related tokens. However, the general market sentiment influenced by the ETF outflows could have an indirect effect on AI tokens such as SingularityNET (AGIX) and Fetch.ai (FET). On April 9, AGIX experienced a 3% drop in price to $0.85, while FET saw a 2.5% decrease to $0.60 (CoinMarketCap, 2025). The correlation between these AI tokens and major cryptocurrencies like Bitcoin and Ethereum is evident, with AI tokens following the broader market trends. The trading volumes for AGIX and FET increased by 8% and 6%, respectively, suggesting that traders were actively monitoring these assets amidst the market movements (CryptoCompare, 2025). While no specific AI developments were noted, the market sentiment influenced by ETF outflows could present trading opportunities in AI tokens if the market rebounds.
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