Monday Moon, Tuesday Doom: Bitcoin ETFs Shrug Off the Green, Bleed $159M While XRP Catches a Lift

Well, that didn't take long. Monday's bounce looked promising enough to make even the most battle-hardened traders crack a smile, but by Tuesday, April 7, the market had other ideas. The recovery was about as durable as a paper napkin at a DeFi conference—momentum evaporated faster than yields on a stablecoin that forgot to be stable, replaced by a fresh wave of selling that swept through crypto ETFs like a winter breeze through a meme coin's market cap.

Bitcoin ETFs decided to show the market what "risk-off" looks like in practice, hemorrhaging $159.05 million in net outflows. The red was so widespread it could make a traffic light jealous, cutting across five major funds and sending a message that investor conviction might be built from something flimsier than the blockchain itself.

Fidelity's FBTC bore the brunt of the exit, watching $47.85 million walk out the door like a DeFi degner heading to the bar after a bad trade. Grayscale's GBTC wasn't far behind, shedding $41.89 million in what must feel like an endless drip. Ark & 21Shares' ARKB lost $34.15 million, Vaneck's HODL saw $20.37 million head for the hills, and even BlackRock's IBIT—usually the pretty girl at the ETF ball—recorded a $17.11 million outflow. The lone holdout was Valkyrie's BRRR, adding a whole $2.32 million, which is about as effective as bringing a squirt gun to a wildfire.

Trading volume sat at $1.78 billion while net assets settled at $88.71 billion, painting a picture of a market that wants to believe but just can't quite commit. Call it crypto relationships in 2025—lots of swiping right, but nobody's staying for breakfast.

Ether ETFs got the same treatment, with the sector coughing up $64.67 million in net outflows like it was catching whatever bug Bitcoin caught. Fidelity's FETH led the parade to the exits with a $48.21 million departure, while BlackRock's ETHA followed with a $16.46 million exit. Nobody was buying the dip in ether ETFs—the whole segment