U.S. Spot Bitcoin ETFs See $137.75M in Net Outflows on April 29, Extending Three-Day Withdrawal Streak

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U.S. spot Bitcoin ETFs recorded $137.75 million in net redemptions on April 29, extending a three-day streak of outflows. The withdrawals mark a shift in short-term institutional positioning following a strong April, which saw more than $2.4 billion in net inflows to Bitcoin funds overall. Outflows were broad-based across major issuers, including BlackRock's iShares Bitcoin Trust, Fidelity's Wise Origin Bitcoin Fund, ARK 21Shares' ARKB, Grayscale's Bitcoin Trust, and Franklin Templeton's EZBC. One product recorded modest $10.81 million in net inflows, partially offsetting the broader trend. Analysts interpret the pullback as tactical positioning rather than a structural reversal, as Bitcoin has traded below $80,000 following resistance near that level.
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