Bitcoin and Ethereum ETF outflows pause for now. | Credit: Dan Kitwood/Getty Images
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Key Takeaways
U.S. spot Bitcoin ETFs command $94.51 billion in net assets or 5.59% of BTC’s market cap.
Ethereum is trading at $1,584, down 47% over the past year.
U.S. spot Ethereum ETFs hold $5.27 billion in net assets or 2.76% of ETH’s market cap.
U.S. spot Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) remain under pressure as crypto and traditional markets continue to adjust to ever-shifting global economic and trade conditions.
Today, BTC funds pull through with positive inflows, and ETH funds see neutral flows despite the Ethereum trading down almost 50% over the past year.
As per data from SoSoValue, spot BTC ETFs pulled $107.83 million in daily total net inflows on April 17, 2025, nearly reversing the $169.87 million in net outflows the day prior.
Bitcoin ETF flows. | Source: SoSoValue.
The leading fund, BlackRock’s iShares Bitcoin Trust (IBIT), garnered a solid $80.96 million in net inflows, raising its cumulative net inflow total to $39.75 billion. The top-performing BTC ETF has now amassed $48.61 billion in net assets, representing 2.88% of BTC’s market cap.
Fidelity’s Wise Origin Bitcoin Fund (FBTC), the second-best-performing fund amongst the BTC competition, pulled a modest $25.9 million, bringing its cumulative net inflows to $11.28 billion and net assets to $16.5 billion.
Finally, the Hasdex Bitcoin ETF, which began trading a few months after the initial January 2024 launches, has seen its second day of inflows, bagging a humble $965,510. This brings its cumulative net inflows to $2.13 million, with $14.48 million in net assets.
Ethereum ETFs
As per SoSoValue, Ethereum ETFs have posted a rare day of neutrality, with zero daily total net flows in either direction.
Ethereum ETF flows. | Source: SoSoValue.
Despite all funds seeing neutral flows, the week’s net total outflows currently stand at $32.17 million, bringing the month’s total exits to $170.99 million so far.
The downturn began in January 2025 after the market pulled in over $3 billion in net inflows across November and December 2024. Then, the market downturn tested investors, who began steadily pulling out.
The outflow pace increased in February as ETH’s price tumbled below $3,000. By the end of March, ETH was trading under $2,000. Today, it’s trading at $1,590.
It appears that ETF investors aren’t interested in bagging up ETH at its current discount, further reinforcing the narrative that ETH has wildly underperformed over the past year.
Eddie is a gaming and crypto writer at CCN. Covering the often weird and wonderful world of Web3 with an adoring, but skeptical eye.
Prior to CCN, Eddie has spent the past seven years working his way through the crypto, finance, and technology industry. He began with PR and journalism with Bitcoin PR Buzz and BitcoinNews.com, eventually working his way to become a copywriter with a dozen firms, including the likes of Polkadot before returning to journalism in 2023.
Having studied Radio production and journalism at University in the UK, Eddie spent a few years making podcasts and presenting on a local London radio station as he built up his writing chops.
A lifelong skateboarder, Eddie can often be found at the skatepark or touring the streets looking for something new to try. That, or kicking back playing JRPGs on his original PSP.
