Bitcoin spot ETFs post nearly $90M in outflows; BlackRock's IBIT leads withdrawals
Bitcoin (BTC) spot ETFs logged net outflows of $89.68 million on April 28, according to SoSoValue data. BlackRock's iShares Bitcoin Trust (IBIT) saw the biggest pullback, with $112 million redeemed.
Ethereum (ETH) spot ETFs also posted net outflows, totaling $21.80 million. BlackRock's iShares Ethereum Trust (ETHA) led the declines, with more than $13 million withdrawn.