Bitcoin exchange-traded funds (ETFs) finally fell, recording a modest inflow of $1.4 million, ending a week-long wave of outflows. In contrast, Ether Traded Funds (ETFs) continued their decline with an exit of $5.98 million, driven by withdrawals from Fidelity’s FETH fund.
Bitcoin ETFs return to positive territory, while Ether ETFs record another $6 million exit
After 7 consecutive days of redemptions, Bitcoin Traded Funds (ETFs) recorded a necessary, albeit modest, decline. Monday, April 14 saw a net inflow of $1.47 million, giving temporary relief after a tough week of capital flight.
Today’s activity was concentrated in only two funds. Black Rock’s IBIT fund led the flows with inflows of $36.72 million, while Fidelity’s FBTC fund saw $35.25 million withdrawn from its fund. Bitcoin Traded Funds (ETFs) The remaining ten remained calm, with no recorded flows. However, the total trading volume was US$2.16 billion, and net assets increased to US$94.69 billion.
While Bitcoin exchange-traded funds have stabilized, Ether funds have not been so lucky. The sector recorded outflows of US$5.98 million, driven mainly by Fidelity’s FETH fund, which lost US$7.78 million. This bleeding was mitigated by an inflow of US$1.80 million into 21shares’ CETH fund, but that wasn’t enough to push the overall figure into positive territory.
The total traded value of Ether ETFs was $285.64 million, and total net assets stood at $5.47 billion by the end of the session.
With the start of the new week in both markets, all eyes will be on whether Bitcoin’s return to inflows will gain momentum, and whether Ether is finally able to break its ongoing outflow cycle.
Cryptocurrency Market Risks Continue Despite BTC Price Drop
That the risks of the cryptocurrency market remain high despite the decline in bitcoin prices. Data analysts on the chain also noted that only 24% of the circulating supply of Bitcoin suffers an unrealized loss.
The analyst pointed out that the unrealized loss reflects historical corrections at an early stage, not a continuation of the decline. He added that the lack of large-scale losses indicated that the market had not yet entered the re-accumulation phase.
CryptoQuant analysts revealed that the risks of the cryptocurrency market remain high despite the decline in bitcoin prices. The on-chain data analyst also noted that only 24% of the circulating supply of bitcoin suffers an unrealized loss, a relatively low level historically associated with corrections at an early stage, rather than complete surrender.
Crazzyblockk also noted that the unrealized loss component is located within the historic bottom zone. This is believed to suggest that the absorption of the decline occurs mainly among holders of long-term coins.
Crypto Mevsimi, analyst of Crypto Quant, revealed that the data on the chain shows that the current recovery in Bitcoin may be related to improved demand indicators. He also noted that the broader market structure still needs to confirm whether the current recovery reflects a sustained rally or is only a pause in the ongoing correction.
Bitcoin is trading at around $85,800 at the time of this writing, and has risen 8.7% in the past seven days, and by a smaller 1.5% in the past 24 hours.
Its trajectory has been volatile but holding, especially given that after falling below $75,000 at the height of trade tensions last week, it rebounded on the back of improved US CPI data and easing geopolitical concerns to reach $86,000.
Bitcoin regains momentum as demand turns positive
The “apparent demand” for Bitcoin flipped from negative to positive for the first time in 2025, indicating a growing accumulation by investors.
With the cryptocurrency’s price approaching $86,000 and its market dominance surpassing 60%, analysts debate whether this marks the beginning of a new rally towards all-time highs.
After weeks of volatile movement and bearish hints, Bitcoin reversed its apparent demand, a metric used by Crypto Quant to track the net difference between inflows and outflows over 30 days.
The metric has been negative for months, but the shift to positive has led popular YouTube analyst Crypto Rover to describe it as a “bull”. The reversal often means new cumulative pressure, and has previously predicted sharp rises, including Bitcoin’s rally in 2020-2021, which pushed the leading cryptocurrency to $67,000.
The timing of this shift has become increasingly important, given the current macroeconomic context. Analysts pointed to inflationary concerns, as well as the recent easing of global trade tensions following a temporary suspension of US tariffs (except for China), as factors that could push institutions to return to Bitcoin.
The rally is exacerbated by Bitcoin’s technical behavior. On April 15, prominent trader Dr. Profitt noted that Bitcoin is once again challenging the important psychological resistance level of $98,000, levels not seen since early February. “A big ascent party once we break through the roof,” he said on platform X, echoing traders’ feeling that any decisive move above that roof could open the door to another upward push.
The momentum slowed slightly, with the price of Bitcoin still 21% below its all-time high. However, supply chain data from anonymous analyst Titan of Crypto suggests a bullish divergence in the Relative Strength Index (RSI) is beginning to appear, with the leading cryptocurrency approaching a critical price target of $87,000.
