- Bitcoin ETFs added 672 BTC on April 16, led by BlackRock’s 455 BTC inflow.
- ETH/BTC hits historic support as global liquidity breaks key trendline.
- Ethereum ETFs lost 57,000+ ETH this week, with Fidelity posting the sharpest outflows.
Bitcoin ETFs recorded modest inflows on April 16, while Ethereum products extended their weekly outflows across major issuers. Meanwhile, the ETH/BTC ratio is testing historical support as global liquidity indicators mirror a 2020 breakout pattern.
Institutional Flows Favor Bitcoin Over Ethereum
Lookonchain reported in an April 16 update that Bitcoin ETFs saw a net inflow of 672 BTC, worth $56.38 million. BlackRock’s IBIT led daily accumulation with 455 BTC, lifting its total holdings to 571,869 BTC. Despite the short-term inflows, weekly flows remain negative at -2,794 BTC, or -$234.56 million.
Fidelity’s FBTC showed no daily change but registered the second-largest weekly outflow of -1,353 BTC. ARK 21Shares and Bitwise both added over 100 BTC daily, although their weekly flows remain mixed. Grayscale’s GBTC lost 1,137 BTC on the week despite minimal daily movement.
ETH/BTC Reaches Key Support as Liquidity Breaks Out
As stated in Crypto Rover’s technical analysis, ETH/BTC has returned to a key support band near the 0.017–0.020 range. This zone marked past accumulation periods in 2019 and 2020, which preceded multi-month uptrends. ETH/BTC is now approaching this zone again after an extended decline from its 2021 peak.
Apr 18 Update:
10 #Bitcoin ETFs
NetFlow: +1,147 $BTC(+$97.03M)🟢#iShares(Blackrock) inflows 955 $BTC($80.73M) and currently holds 573,188 $BTC($48.47B).
9 #Ethereum ETFs
NetFlow: -3,775 $ETH(-$6M)🔴#Grayscale(ETHE) outflows 5,241 $ETH($8.33M) and currently holds 1,169,305… pic.twitter.com/JCAbHVsIG4— Lookonchain (@lookonchain) April 18, 2025
The Global Liquidity Index has broken out from a multi-year falling wedge pattern. The breakout aligns with ETH/BTC’s support retest and mirrors the 2020 cycle when liquidity expansion preceded a bullish reversal. The chart indicates structural repetition across both metrics.
Ethereum ETFs Extend Weekly Outflows Across Issuers
Fidelity’s FETH posted the steepest losses among ETH products, losing 2,248 ETH on the day and 34,226 ETH for the week. Grayscale’s ETHE followed with a weekly outflow of 18,724 ETH, while Bitwise and VanEck both posted losses of over 2,900 ETH. Cumulative ETH ETF holdings now stand at 3.34 million ETH.
Invesco Galaxy’s QETH gained 370 ETH on the week despite a 24-hour drop of 247 ETH. 21Shares’ CETH also posted a 7-day gain of 1,099 ETH with no daily movement. However, the broader Ethereum ETF sector remains under pressure from sustained capital flight and weak price action relative to Bitcoin.
