Crypto Market Finds Temporary Floor as ETF Outflows Ease
The crypto markets are stabilizing, but weak ETF flows and ongoing fear suggest that the rebound isn't stable.
Summary:
- Bitcoin and Ethereum posted modest 24-hour gains as total market cap rose 1.34% to $2.31T.
- Bitcoin ETFs recorded just $9M in net inflows on April 2 – a near-flatline after days of heavy outflows.
- Ethereum ETFs shed another $71.2M on April 2, extending a persistent bleed that shows no sign of reversing.
Total market cap climbed to $2.31T on April 3 – but with Fear & Greed still deep in fear territory, the recovery remains fragile and unconvincing.
Crypto markets are trying to find their footing. Total market capitalization sits at $2.31 trillion this morning, up 1.34% on the day, with most major assets posting modest green numbers after a brutal stretch that saw hundreds of millions exit spot ETF products in a matter of days.
Bitcoin
Bitcoin is trading at $66,821, up 1% in the past 24 hours. The market cap holds above $1.33 trillion with $31.7 billion in 24-hour volume.
According to data from Farside Investors total Bitcoin ETF flows came in at a net positive $9 million – almost nothing, but a meaningful contrast to the $173.7 million that left on April 1 and the $225.5 million that exited on March 27. BlackRock’s IBIT shed $3 million while Fidelity’s FBTC added $7.3 million and VanEck’s HODL contributed $4.7 million. The bleeding has not reversed – but for one day, it stopped getting worse.
Ethereum
Ethereum is at $2,058, up 1.37% on the day and 3.68% on the week – the strongest weekly performer among the majors listed. Market cap sits at $248 billion with $13.3 billion in volume.
The ETF data tells a different story. On April 2, Ethereum spot ETFs recorded $71.2 million in net outflows – the worst single-day figure in the current period. BlackRock’s ETHA alone shed $46.7 million. Fidelity’s FETH lost another $7.7 million.
Grayscale’s ETHE contributed $16.8 million in redemptions. Not a single product posted meaningful inflows.
Ethereum’s price holding above $2,000 despite persistent institutional outflows is either a sign of resilient spot demand or a lagging indicator of what is coming.
XRP
XRP is trading at $1.32, up 2.24% in the past 24 hours.
According to data from Coinglass, XRP ETF flows on April 2 were effectively neutral. Bitwise’s XRP product recorded $1.31 million in inflows while Canary’s XRPC saw $1.25 million exit, leaving a net total of just $64,610 across all five available products. For a token that has attracted significant retail interest and regulatory attention over the past year, the near-zero ETF engagement reflects how early-stage these products still are in terms of institutional adoption.
Solana
Solana is at $79.83, up 2.09% on the day but down 4.01% on the week. Market cap is $45.7 billion with $3.8 billion in 24-hour volume.
READ MORE: Binance ETH Reserves Hit Multi-Year Low as Stablecoin Balances Surge to $44 Billion
Solana ETF flows on April 2 registered just $0.9 million – the first non-zero figure in several sessions, coming entirely from 21Shares’ TSOL product. It is a negligible number, but the fact that any flow occurred at all breaks a streak of complete inactivity that had stretched across multiple trading days. Whether it represents the beginning of renewed interest or statistical noise is difficult to say from a single data point.
The Bigger Picture
According to data from CoinMarketCap the Altcoin Season Index sits at 42 out of 100, confirming that capital is still tilted toward Bitcoin rather than spreading into the broader market. The average crypto RSI of 49.61 remains in the neutral territory – neither oversold nor showing any real buying conviction.
The data from today shows that the market has stopped panicking, but it hasn’t made any decisions yet. There are fewer ETF outflows now. Prices are a slightly in the green. The Fear & Greed Index is still in the fear zone, and most assets are still losing value every week.
One stable day does not change a trend. But after the week the market just had, stable is at least a start.
The information presented in this article is intended for informational purposes only and should not be interpreted as financial, investment, or trading advice. Coinspress.com does not promote or advocate for any particular investment strategy, asset, or cryptocurrency project. Cryptocurrency markets are highly volatile and unpredictable – always perform your own research and seek guidance from a qualified financial professional before making any investment decisions.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
