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CryptoUpdated•Originally published 12 April 2026•Updated 14 April 2026•

1 min read

Bitcoin Surges Past $74K Despite Largest ETF Outflows Since March

Golden Bitcoin coins and wallets in front of the US Capitol building and American flag, with an upward trend graph.

Key Facts

1Over 80% of Bitcoin ETF assets are held in custody by Coinbase.

2$74 billion in assets are at risk due to this single-point-of-failure dependency.

3The US SEC admitted to 'flaws' in past crypto enforcement actions regarding securities law.

about 2 months ago

Version History

6 additional sources confirmed this story

Version 1about 2 months ago

What changed: Updated the story to reflect Bitcoin hitting a new high above $74,000 despite recording the largest ETF outflows since March, totaling $291 million.

Bitcoin's price surged past the $74,000 milestone despite US spot Bitcoin ETFs recording $291 million in net outflows on Monday, marking the largest single day of redemptions since March 27. These outflows were primarily led by Fidelity's FBTC fund, contrasting sharply with the positive price action in the underlying asset. This market volatility occurs alongside ongoing concerns regarding structural risks, as Coinbase continues to custody over 80% of ETF assets, valued at approximately $74 billion. The decoupling of BTC price performance from ETF flow data suggests a complex shift in institutional trading dynamics. Analysts continue to highlight the systemic vulnerability posed by such high asset concentration in a single custodian. As the market matures, the balance between record price highs and significant fund withdrawals remains a key focus for institutional investors.