Spot Bitcoin ETFs shed 1,725 BTC ($131.69M) on April 30, capping a seven-day stretch of outflows totaling 3,797 BTC ($289.79M). The single-day print marks one of the steepest red days of the month for the spot product complex.
Spot Ethereum ETFs bled harder in relative terms: 41,275 ETH ($93.41M) exited in a single session, bringing the seven-day cumulative outflow to 110,593 ETH ($250.27M). The flow direction has been one-way for the better part of two weeks across both majors.
Why it matters
The symmetry of the bleed matters more than either print in isolation. BTC and ETH spot products are now posting their longest concurrent outflow streak of the quarter, and the dollar-weighted magnitude on the ETH side is meaningful relative to that product complex's average daily volume. The behavior is consistent with a rebalancing cohort: positions opened during the Q1 rally are now being trimmed, and the flow is being routed out of the wrappers rather than rotated back into the underlying.
Market impact
Solana ETFs are the counterpoint. The complex pulled in 1,465 SOL ($122K) on the day and 81,911 SOL ($6.8M) over seven days — the first sustained green streak since the products launched. The flow size is small in dollar terms, but the direction is the only one of the three majors pointing the other way, and it lands in the same week that ETH and BTC products are bleeding.
Frequently asked questions
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How much did spot Bitcoin ETFs lose on April 30?
Spot Bitcoin ETFs shed a net 1,725 BTC ($131.69M) on April 30, bringing the seven-day cumulative outflow to 3,797 BTC ($289.79M).
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What did spot Ethereum ETF flows look like the same day?
Spot Ethereum ETFs bled 41,275 ETH ($93.41M) on April 30, with the seven-day cumulative outflow reaching 110,593 ETH ($250.27M).
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Are Solana ETFs also seeing outflows?
No. Solana ETFs pulled in 1,465 SOL ($122K) on the day and 81,911 SOL ($6.8M) over seven days — the only one of the three major spot complexes printing sustained inflows.
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Why are BTC and ETH spot products bleeding at the same time?
The symmetry points to a rebalancing cohort: positions opened during the Q1 rally are being trimmed, with flow routed out of the ETF wrappers rather than rotated back into the underlying tokens.
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How significant is the Solana ETF inflow streak?
It is the first sustained green streak since the products launched. The dollar size is small relative to BTC and ETH complexes, but the direction is the only one of the three pointing opposite to the broader outflow trend.
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