Bitcoin ETFs End 9-Day Inflow Streak with $89M Outflows as IBIT Sees Biggest Sell-Off
On April 28, 2026, U.S. spot Bitcoin ETFs recorded $89.7 million in net outflows, breaking a strong multi-day inflow streak...
Quick overview
- On April 28, 2026, U.S. spot Bitcoin ETFs experienced $89.7 million in net outflows, ending a multi-day inflow streak of over $2.12 billion.
- BlackRock's IBIT saw the largest outflow at $112.2 million, while Bitwise BITB was the only ETF to record a positive inflow of $41.2 million.
- The outflows were attributed to pre-FOMC caution, profit-taking by investors, and ongoing redemptions from Grayscale's GBTC.
- Despite this single day of outflows, analysts remain optimistic about institutional investment in Bitcoin, highlighting April as a strong month for inflows.
On April 28, 2026, U.S. spot Bitcoin ETFs recorded $89.7 million in net outflows, breaking a strong multi-day inflow streak of more than $2.12 billion.
🚨JUST IN: 🇺🇸 Bitcoin spot ETFs recorded a net outflow of $89.7M on April 28.
BlackRock clients sold $112,200,000 worth of $BTC.🔴 pic.twitter.com/tFXCBXu9sN
— DustyBC Crypto (@DustyBC) April 29, 2026
Daily Flow Breakdown
- Total: -$89.7M
- BlackRock IBIT: -$112.2M
- Fidelity FBTC: -$5.0M
- ARK ARKB: -$13.7M
- Bitwise BITB: +$41.2M, which stood out as a positive exception
This was the first significant outflow day in late April following a period of steady institutional buying.
Broader Context
This streak, one of the strongest in 2026, helped keep April’s inflows solidly positive at around $1.7 to $2.4 billion. Lifetime net inflows are still strong at $58.2 to $58.6 billion, with total assets under management near $102 to $103 billion and about 740,000 BTC held across all products.
Why the Reversal?
- Pre-FOMC caution ahead of Powell’s final meeting
- Some investors are taking profits and rebalancing their portfolios.
- Ongoing redemptions from Grayscale’s GBTC continue to weigh on the market.
Bitcoin traded between $76,300 and $77,800, with low liquidity and ongoing macroeconomic uncertainty.
Outlook for 2026
A single day of outflows does not change the strong trend of institutional investment. BlackRock’s IBIT still leads in long-term flows and market share. Analysts remain positive, noting that April is still one of the best months this year.
Keep an eye on April 29 flows and how the market reacts after the FOMC meeting. Continued positive momentum would support Bitcoin’s institutional demand, but more outflows could create short-term pressure.
Despite some ups and downs, the story for 2026 is still about growing adoption. Institutions continue to treat Bitcoin as a key way to diversify their portfolios.
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