Bitcoin American Bitcoin Stock Exchange Funds put an end to their remarkable series of ten consecutive days of positive net entries on Friday. This interruption occurs in a context where Bitcoin is dangerously approached by its worst quarterly performance since 2018.
A series of capital of capital finally interrupted
The ETF Bitcoin Spot saw their longest series of capital influx of the year stop suddenly last Friday. It was the FBTC fund of Fidelity which mainly contributed to this rupture by recording massive outings of $ 93.16 million, while the other funds did not experience any significant activity.
This interruption is all the more notable since the day before, this same FBTC fund had attracted $ 97.14 million in investments.
During this period of ten days, the exchange volumes remained relatively stable, reaching $ 2.2 billion on Friday, slightly superior to the previous days.
The positive sequence had allowed ETF to add more than a billion dollars of value, an amount that Min Jung, analyst at Presto Research, qualified of “Relatively modest”.
According to him, ” This suggests that even if institutions are not aggressively enclosed at risk, there is still a request for exposure to bitcoin on the market ».
A bitcoin market that is still looking for its management
Bitcoin is currently heading for its worst first quarter fence since 2018. The flagship crypto has a drop of 11.67% for the first quarter of 2025, according to the data of quince.
To put this performance in perspective, a slight recovery could still allow Bitcoin to do better than the loss of 10.83% recorded in the first quarter of 2020, but it will remain far from the catastrophic fall of 49.7% of the first quarter of 2018.
Meanwhile, ETHEREUM ETHERE knows a different dynamic. After seventeen consecutive days of net outings, they recorded a rare day of positive influx, mainly thanks to the Ethe de Grayscale fund which attracted $ 4.68 million.
Despite this slight embellishment, the gap remains considerable between the total assets of ETHEREUM ($ 6.42 billion) and those of Bitcoin ETF (94.39 billion dollars).
Ethereum is currently preparing the deployment of its Pectra update, scheduled for the end of April or early May, following the success of its implementation on the Hoodi test network last Wednesday. Despite this technical advance, the ETH price has also fell by around 2.5% in the past 24 hours.
This end of the positive series for the Bitcoin ETF reflects the current prudence of investors. Despite the risks of falling around $ 65,000, the horizon could go well with the imminent arrival of liquidity of central banks, capable of revitalizing the entire Crypto market.
Maximize your Cointribne experience with our 'Read to Earn' program! For each article you read, earn points and access exclusive rewards. Sign up now and start accumulating advantages.
