According to @FarsideUK, Ethereum (ETH) is facing institutional selling pressure as U.S. spot ETH ETFs recorded their largest single-day net outflow of the month on Friday at $11.3 million, based on data from Farside Investors. The outflow was driven by BlackRock's ETHA fund, which saw a $19.7 million withdrawal, though partially offset by a $6.6 million inflow into Grayscale's ETHE. From a trading perspective, ETH experienced a high-volume sell-off to a low of $2,372.85 before finding strong technical support in the $2,420–$2,430 range. This support level has been confirmed by subsequent low-volume tests, suggesting accumulation by buyers. Key resistance for traders to watch is now the $2,480–$2,500 zone.

According to Lookonchain, Bitcoin ETFs experienced a net inflow of 1,147 BTC, valued at $97.03 million, with iShares (Blackrock) leading the charge by adding 955 BTC worth $80.73 million. Meanwhile, Ethereum ETFs saw a net outflow of 3,775 ETH, equivalent to $6 million, primarily driven by Grayscale's (ETHE) outflow of 5,241 ETH valued at $8.33 million. This data suggests a growing investor interest in Bitcoin while Ethereum faces selling pressure.

According to Lookonchain, the net flow for Bitcoin ETFs on April 18 indicated a positive influx of 1,147 BTC, amounting to $97.03 million. Notably, iShares (Blackrock) contributed significantly with an inflow of 955 BTC, valued at $80.73 million, enhancing its total holdings to 573,188 BTC, worth $48.47 billion. In contrast, Ethereum ETFs experienced a net outflow of 3,775 ETH, totaling a decrease of $6 million, with Grayscale (ETHE) alone accounting for an outflow of 5,241 ETH, valued at $8.33 million, leaving it with 1,169,305 ETH.

According to Lookonchain, as of April 16, Bitcoin ETFs have seen a net inflow of 672 BTC, equating to $56.38 million. Notably, iShares (Blackrock) contributed significantly with an inflow of 455 BTC, valued at $38.16 million, indicating strong institutional interest. In contrast, Ethereum ETFs experienced a net outflow of 2,578 ETH, resulting in a $4.06 million decrease, with Fidelity alone accounting for a significant outflow of 2,248 ETH, worth $3.55 million. These movements highlight a shift in investor sentiment, possibly affecting short-term price dynamics.

According to Farside Investors, there has been another significant day of outflows in the cryptocurrency market, indicating a potential shift in investor sentiment or market dynamics. This observation is based on their latest tweet, which highlights the ongoing trend without specifying the exact assets involved.