Institutional Profit-Taking Triggers $159 Million Bitcoin ETF Exodus

Total net assets for Bitcoin ETFs fell to $88.71 billion on April 7 as spot Bitcoin ETFs recorded $159.10 million in net outflows. The exodus followed a price rally that pushed Bitcoin from $67,800 to $71,000, prompting institutional investors to sell holdings to realize gains. This session reversed the momentum of April 6, when the ETFs attracted $471.32 million in net inflows. Fidelity's FBTC led the retreat with $79 million in outflows, followed by Ark & 21Shares' ARKB at $74.7 million and Grayscale's GBTC at $11 million. BlackRock's IBIT remained an outlier with $40.4 million in inflows, while Morgan Stanley's MSBT debuted with $30.6 million in net inflows. The MSBT sponsor fee of 0.14% is the lowest among Bitcoin ETPs, undercutting the 0.15% fee of the Grayscale Bitcoin Mini Trust and the 0.25% fee of the iShares Bitcoin Trust. CoinGlass data confirms the net outflow of -2,310 BTC.