On April 9, 2025, there was negative momentum in the spot Bitcoin and Ethereum ETF market, continuing for five and two trading days respectively. Investors are actively withdrawing capital due to macroeconomic instability.
This is reported by Business • Media
According to SoSoValue data, on April 9, the total net capital outflow from spot Bitcoin and Ethereum ETFs in the U.S. amounted to $138.31 million. Funds based on the first cryptocurrency suffered significant losses, including four products: IBIT — $89.71 million; GBTC — $33.8 million; BTCW — $5.67 million; HODL — $4.65 million. Only one product, BITB, recorded an inflow of $6.71 million, while the trading volume of these assets reached $5.3 billion.
Capital Loss and Market Trends
The outflow of funds from the segment has continued for five consecutive days, during which Bitcoin-based funds lost a total of $727.34 million. The Ethereum ETF sector also experienced capital outflows. The products FETH and ETHA lost $5.73 million and $5.45 million respectively. Other positions closed the trading session with zero inflow/outflow figures.
The overall negative trend in the Ethereum sector has lasted for two trading days, during which the funds lost $14.48 million, with a trading volume of $823.67 million on April 9.
Global Trends and Forecast
In the Hong Kong market, there is an outflow of 127.62 BTC from spot Bitcoin ETFs, while no movement of funds has been detected for Ethereum ETFs. Investors are withdrawing funds from these ETFs due to global economic concerns. On April 6-7, stock and cryptocurrency markets experienced a crash due to the imposition of tariffs by the administration of U.S. President Donald Trump. However, by the evening of April 9, the situation in the markets improved due to the escalation of the trade war with China, which gave other countries 90 days to resolve customs issues.
Considering the rise in the value of Bitcoin and other major crypto assets, a more positive trading session is expected on April 10. It is worth noting that crypto funds remain among the most volatile and risky assets, prompting investors to withdraw capital due to market fluctuations. At the same time, demand for hedge assets, such as gold, is increasing, as confirmed by expert forecasts.