After nine consecutive days of net inflows, U.S. Bitcoin spot ETFs reversed course on April 27, posting a combined net outflow of $263 million, according to SoSoValue data. The streak had been one of the more sustained runs of institutional buying in recent months, making the break a notable shift in sentiment.
Ethereum spot ETFs also saw net outflows on the same day, shedding $50.48 million in aggregate. The lone exception was BlackRock's Staked <a class="ticker-mention" href="/en-US/token/eth">ETH</a> ETF (ETHB), which recorded a net inflow — suggesting some institutional conviction around ETH remains, even as broader appetite pulled back.
One day of outflows doesn't unwind a nine-day trend, but the size of the <a class="ticker-mention" href="/en-US/token/btc">BTC</a> reversal will be watched closely to see whether this is a brief pause or the start of a broader rotation out of spot crypto products.
WuBlockchain