Bitcoin ETFs Continue to See Withdrawals Ahead of Halving Event

US Spot Bitcoin ETFs continue to experience outflows in recent days, with the crucial Halving event just about two days away.

Azcnews (2)

According to the latest updates, Bitcoin Exchange-Traded Funds (ETFs) experienced a net withdrawal of $59.3 million on April 16th, marking the third consecutive day of negative capital flows for these funds. Among these, BlackRock’s iShares Bitcoin ETF (IBIT) managed to attract only $25.8 million, a modest amount compared to expectations.

Meanwhile, Grayscale’s GBTC saw an outflow of $79 million, and Ark’s Bitcoin ETF also experienced withdrawals, with $12.9 million leaving the fund. These movements occurred in a context where Bitcoin prices remained below the $64,000 mark, as the cryptocurrency market struggled to gather momentum just three days before the much-anticipated halving event.

Although capital outflows from IBIT are slowing, Eric Balchunas, a senior ETF analyst at Bloomberg, predicts that this fund is likely to surpass GBTC in total assets by the end of the month. Currently, GBTC has dropped to just over $2 billion, while BlackRock’s Bitcoin ETF continues to attract investment. However, Balchunas also highlighted that an “odd rally” in Bitcoin could delay this shift.

Moreover, the market sentiment is predominantly pessimistic surrounding the halving event. Gold investment expert Peter Schiff recently commented that Bitcoin is in a stealth bear market as major cryptocurrency stocks have undergone significant declines.

Related: Bitcoin Rises to $64,000 Amid Market Optimism

Mining stocks are also severely impacted due to short-term tensions expected to follow the halving event. Even some Bitcoin-supportive analysts anticipate that the largest cryptocurrency could undergo a price correction of at least 40% after the block reward reduction. These developments have also affected ETF flows, leading to a gloomy market sentiment towards Bitcoin.

(11 votes)

4.7/5

(11 votes)
  1. Avatar of
    Anonymous

    Ok

  2. Avatar of Oyelola sheriff
    Oyelola sheriff

    Good

  3. Avatar of Oyelola sheriff
    Oyelola sheriff

    It’s so good for us

  4. Avatar of
    Anonymous

    Вперёд к успеху и процветанию

  5. Avatar of
    Anonymous

    Ok

Comments are closed.

Latest

Bnb Plunges After Being Added To Coinbase’s Listing Roadmap

News | Altcoin | Editor Choice

BNB Plunges After Being Added to Coinbase’s Listing Roadmap

BNB’s price has tumbled sharply in recent days, despite the positive news that the token is set to be listed on Coinbase.

Hyperliquid Leads The $1.4 Billion Token Buyback Wave Sweeping Through Crypto In 2025

News | Altcoin | Editor Choice

Hyperliquid Leads the $1.4 Billion Token Buyback Wave Sweeping Through Crypto in 2025

The year 2025 is witnessing the largest token buyback wave in crypto history, as blockchain projects have spent over $1.4 billion to reduce circulating supply — and Hyperliquid is leading the charge with an unprecedented scale.

Binance Selling Pressure Weighs On Bitcoin

News | Bitcoin | Editor Choice

Binance Selling Pressure Weighs on Bitcoin, But ‘Uptober’ Could Soon Turn the Tide

Despite the ongoing selling pressure, analysts at CryptoQuant believe this is only a short-term correction before Bitcoin’s typical late-October rebound — the so-called “Uptober” — begins.

Binance Completes Gopax Acquisition, Paving The Way For A South Korean Comeback

News | Editor Choice | Policy & Regulations

Binance Completes Gopax Acquisition, Paving the Way for a South Korean Comeback

According to a report from South Korean outlet MK, the world’s largest cryptocurrency exchange Binance has officially completed its acquisition of Gopax, one of the five licensed digital asset exchanges in South Korea.

Why Hyperliquid Is Becoming Unstoppable

News | Altcoin | Editor Choice

After the Crash and Scandal: Why Hyperliquid Is Becoming Unstoppable

Amid record-breaking liquidations and a listing scandal that rocked Binance, Hyperliquid has risen as DeFi’s “fortress of steel” — a living testament to the true power of transparency and decentralization.

Screenshot 2025 09 10 100533