Bitcoin ETFs Witness Sharp Drop in Net inflows
Spot Bitcoin exchange-traded funds in the U.S. saw a notable decline in net inflows last week. According to SoSoValue, the 12 Bitcoin ETFs recorded $196.48 million in net inflows, a 73.6% drop from the previous week’s $744.35 million.
From March 24 to 28, bitcoin ETFs enjoyed positive flows for the first four days. However, the trend reversed on Friday, with a net outflow of $93.16 million. BlackRock’s IBIT led the inflows with $172 million, followed by Fidelity’s FBTC with $86.8 million.
VanEck’s HODL also saw a modest $5 million inflow. Conversely, ARK 21Shares’ ARKB, Bitwise’s BITB, WisdomTree’s BTCW, and Invesco’s BTCO experienced combined outflows of $67.4 million.
The friday outflows ended a 10-day streak of inflows, totaling nearly $1.07 billion. Analysts noted that while there is demand for Bitcoin, investors are not showing an aggressive risk appetite.
Bitcoin’s quarterly performance is its worst since 2018, down 11.86% at $81,939. If selling pressure continues, it could dip below $80,000. The recent sell-off erased weekly gains as investors remain cautious ahead of U.S. tariffs and concerns about Federal Reserve rate cuts.
