Source: https://news.bitcoin.com/bitcoin-etfs-hit-hard-with-326-million-outflow-marking-fourth-straight-day-of-redemptions/

Bitcoin and Ether exchange-traded funds (ETFs) experienced significant outflows on Tuesday, April 8, with a total of $326 million leaving the market. The outflow was primarily driven by a substantial withdrawal from Blackrock's Bitcoin ETF, known as IBIT. Additionally, Ether ETFs also saw a decline, with Fidelity's FETH recording a $3.29 million exit.

The outflow of funds from Bitcoin and Ether ETFs suggests a shift in investor sentiment or strategy within the crypto market. This movement of capital out of these ETFs could indicate a move towards other assets or investment opportunities, reflecting a cautious or bearish outlook on the cryptocurrency market.

Blackrock's IBIT, one of the largest Bitcoin ETFs,