U.S. spot crypto ETFs had a heavy outflow session on Apr. 29, with Bitcoin and Ethereum products dragging the market into the red while XRP stood out with a small positive flow.
Farside Investors tracked U.S. spot Bitcoin ETF net outflows near $137.6 million for the day. Its Ethereum ETF dashboard showed another $87.8 million leaving spot ETH funds. A wider multi-asset flow update placed XRP ETF inflows at about 2.66 million XRP, worth roughly $3.59 million, while DOGE, LINK, HBAR, LTC, SOL, DOT, and AVAX funds were flat.
That puts total U.S. spot crypto ETF outflows near $222 million for the session. The number is not huge enough to break the market by itself, but it landed at an awkward time. Bitcoin was still fighting below the $78,000 to $80,000 resistance zone, while Ethereum remained stuck under the $2,400 level traders need for a cleaner breakout.
BlackRock and Fidelity were the main names behind the selloff. Bitcoin flow data showed BlackRock’s IBIT losing about $54.7 million, while Fidelity’s FBTC lost about $36.1 million. ARK 21Shares also saw roughly $30 million leave its fund, with Grayscale and Franklin adding more red to the board.
Ethereum funds were hit hard too. Fidelity’s FETH posted about $48.4 million in outflows, while BlackRock’s Ethereum products lost a combined $39.4 million. That matches the pressure covered in CryptoAdventure’s report on how Ethereum ETF outflows hit $87.8 million as BlackRock led the exit.
The language matters here. ETF flow data reflects net creations and redemptions, so it should not always be treated as a literal one-to-one spot sale by an issuer at that exact moment. Still, the market signal is clear: investors reduced Bitcoin and Ethereum ETF exposure on Apr. 29.
XRP was the bright spot. The reported 2.66 million XRP inflow was small compared with the Bitcoin and Ethereum exits, but it kept the institutional XRP story alive while larger crypto ETFs flashed red.
That fits the broader XRP setup. CryptoAdventure recently covered how XRP faced whale pressure while ETF demand held up, and the latest ETF flow snapshot reinforces the same split. Large-holder activity has created caution, but regulated ETF demand is still giving XRP a cleaner institutional bid than many expected.
The XRP inflow does not offset the larger ETF market weakness. It does show that not every crypto asset saw redemptions on the same day. Bitcoin and Ethereum carried the damage, while XRP remained a smaller but positive counter-trend signal.
The Bitcoin outflow was also notable in BTC terms. The flow update estimated that U.S. spot Bitcoin ETFs saw the equivalent of about 1,826 BTC leave on Apr. 29. With Bitcoin issuance near 450 BTC per day after the halving, that equals roughly four days of newly mined supply.
That comparison explains why ETF flows matter. When ETFs absorb multiple days of new supply, they can strengthen the market bid. When they lose that much exposure in one session, resistance becomes harder to break.
Bitcoin and Ethereum need ETF flows to stabilize if bulls want another clean breakout attempt. XRP still has a small institutional tailwind, but the broader ETF tape turned red on Apr. 29, and that keeps short-term pressure on the market.
The post Crypto ETFs Bleed $222M As Bitcoin And Ethereum Funds Flash Red appeared first on Crypto Adventure.
