Bitcoin ETF snapshot: Outflows strike last week as BTC price uptrend stalls

US spot bitcoin ETFs saw net outflows last week, an occurrence seen just twice before over such a span since such funds launched three months ago.

The 11-fund category bled $83 million in assets from April 8 to April 12, according to BitMEX Research data — down from net inflows of $485 million the week prior.

Spot bitcoin ETFs have collectively welcomed $12.5 billion in positive flows to their coffers since Jan. 11. 

The Grayscale Bitcoin Trust ETF (GBTC) has been the only US BTC fund to see consistent outflows, watching $767 million leave last week, the data shows. 

Asset-gathering leaders — BlackRock’s iShares Bitcoin Trust (IBIT) and the Fidelity Wise Origin Bitcoin Fund…

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