Bitcoin ETFs see $244.9 million in outflows over two days as institutional conviction remains uneven
HE
Hazel Elsworth
crypto IRS ruling · Apr 9, 2026
Source: DojiDoji Data Terminal
U.S.-listed spot Bitcoin ETFs experienced a combined $244.9 million in outflows across April 8 and 9. The negative flows followed a surge of $471 million in inflows on April 7.
On April 9, total net outflows were approximately $124.5 million. Fidelity’s Wise Origin Bitcoin Fund (FBTC) recorded approximately $79 million in redemptions, while ARK 21Shares’ ARKB saw around $75 million in outflows. Grayscale’s Bitcoin Trust (GBTC) recorded roughly $11 million in outflows. These redemptions outweighed $40 million in inflows into BlackRock’s iShares Bitcoin Trust (IBIT) and $30.6 million in first-day inflows into Morgan Stanley’s new spot Bitcoin ETF.
Institutional investors adjust exposure in response to changing risk conditions, including shifts in interest rate expectations and geopolitical developments. Large capital movements in ETF-driven crypto markets rapidly influence liquidity and price direction.
crypto IRS rulingSEC crypto enforcementSEC ESG enforcementSEC retail investor ruleSEC enforcement actionpayment for order flow SECBitcoin ETF
The Ledger Morning
The essential intelligence to start your trading day. Delivered 6:00 AM EST.
Join 50,000+ professionals who start their day with The Digital Ledger.