Crypto ETF outflows deepen as geopolitical tensions fuel investor caution
PW
Peyton Whitmore
ETF inflows data · Apr 9, 2026
Source: DojiDoji Data Terminal
Nearly $125 million was withdrawn from US-listed Bitcoin spot ETFs on Wednesday, signaling waning investor confidence as geopolitical uncertainty and technical resistance weigh on market momentum. Bitcoin traded around $70,950, barely holding above the 50-day EMA at $70,512, but failed to reclaim the $72,857 weekly high. A daily close below that moving average would confirm fading demand and open the door to deeper losses.
The pullback follows deteriorating risk sentiment, with the Crypto Fear & Greed Index dropping to 14—deep in extreme fear territory. The US and Iran ceasefire remains uneasy, with Iran restricting traffic through the Strait of Hormuz, Israel continuing strikes in Lebanon, and conflicting reports over a long-term peace framework. Former President Donald Trump warned of resumed attacks if a deal isn’t reached, keeping markets on edge.
Bitcoin’s technical picture remains constrained. Despite a positive and expanding MACD histogram and an RSI of 56, price is still below the 100-day EMA at $75,511 and far from breaking the downtrend resistance drawn from its all-time high of $126,199. The 200-day EMA at $83,801 remains a distant target.
Ethereum ETFs also saw outflows—nearly $19 million on Wednesday, adding to $65 million in withdrawals the day before. Ethereum traded near $2,180, just above the 50-day EMA at $2,152, but remains capped below the 100-day EMA at $2,364 and the 200-day EMA at $2,689. Momentum is neutral, with RSI at 56 and MACD in positive but consolidating territory. A close above $2,291 could allow a move toward $2,364, but failure would likely extend the downtrend.
XRP showed no improvement. Price stayed below $1.35, trapped under the 50-day EMA at $1.42 and the long-term descending trendline at $1.76. The 100-day and 200-day EMAs at $1.58 and $1.83, respectively, reinforce overhead resistance. MACD is flat and marginally positive, while RSI at 44 suggests only tentative stabilization. Cumulative inflows in XRP spot ETFs remained unchanged at $1.21 billion, with net assets at $950 million, reflecting muted investor interest.
Cumulative outflows and weak technical structures across Bitcoin, Ethereum, and XRP reflect declining investor appetite for crypto exposure through ETFs.
ETF inflows datacrypto IRS rulingBitcoin ETF
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