Bitcoin ETFs see $89.7M outflow, BlackRock’s IBIT leads with $112M
U.S. spot Bitcoin ETFs saw a net outflow of $89.7 million on April 28, led by BlackRock’s IBIT which accounted for $112 million in outflows. The move reversed a prior trend of strong institutional inflows, coinciding with fading market confidence in Bitcoin reaching $80,000 by month-end. While short-term sentiment has turned bearish, long-term price predictions remain stable. The coming days will be critical in determining whether this marks a sustained shift or a temporary pullback.
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U.S. spot Bitcoin ETFs recorded a net outflow of $89.7 million on April 28, with BlackRock’s IBIT responsible for $112 million of that total. The Polymarket contract for Bitcoin reaching $80,000 in April now trades at 18% YES, down from 26% just 24 hours ago. ## Market reaction The outflows reverse the prior week’s pattern, where institutional inflows averaged $664 million daily following the Middle East ceasefire announcement. The April 30 market dropped from 56% to 18%, a 37-point collapse, as traders reassess whether Bitcoin’s rally above $78,000 can hold. The market predicting Bitcoin dipping to $60,000 by April’s end is drawing increased interest, with traders likely eyeing profit-taking after the recent run.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at Crypto Briefing.
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