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U.S. Spot Bitcoin ETFs Post $89.68 Million Net Outflow as BlackRock’s IBIT Loses $112 Million

April 29 data showed net outflows in both U.S. spot Bitcoin and spot Ethereum ETFs, with Fidelity’s FETH and BlackRock’s ETHA leading withdrawals in the Ethereum segment.

BTC
ETH

Fact Check
The core figures in the claim ($89.68M total net outflow, IBIT -$112M) are confirmed by multiple sources including the Odaily newsflash, CryptoBriefing, Phemex News, and WEEX. However, these figures correspond to April 28 trading data, not April 29 trading data. The claim states 'April 29 data showed' these figures, which is a date attribution error — the $89.68M / $112M figures were reported on April 29 but reflect April 28 activity. The SoSoValue primary dashboard shows April 29 trading produced a different total outflow of $137.77M with IBIT at -$54.73M. The sub-claim that MSBT posted the day's largest inflow is supported for April 29 (+$10.81M per SoSoValue), but not for April 28 (where ARKB led inflows per Odaily). The claim thus mixes April 28 headline figures with April 29 MSBT inflow detail, creating a partially accurate but temporally conflated narrative.
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Summary

U.S. spot Bitcoin ETFs recorded a $138 million net outflow on April 29, extending the prior day’s negative trend. Morgan Stanley’s MSBT led Bitcoin ETF inflows with $10.81 million, while BlackRock’s IBIT posted the largest Bitcoin ETF outflow at $54.73 million. On the same day, U.S. spot Ethereum ETFs posted $87.73 million in net outflows, led by Fidelity’s FETH at $48.37 million and BlackRock’s ETHA at $37.06 million. Total net assets stood at $99.27 billion for spot Bitcoin ETFs and $13.10 billion for spot Ethereum ETFs, while cumulative historical net inflows reached $58.07 billion and $11.94 billion, respectively.

Terms & Concepts
  • Spot Bitcoin ETF: An exchange-traded fund that holds Bitcoin directly, allowing investors to track Bitcoin’s price without managing the cryptocurrency themselves.
  • Net outflow: A measure showing that more money left an investment product than entered it over a specific period.
  • Spot Ethereum ETF: An exchange-traded fund that holds Ethereum directly, giving investors regulated market exposure to ETH without directly custodying the asset.