Spot Bitcoin exchange-traded funds (ETFs) in the United States encountered a significant decline in net inflows this past week, breaking a 10-day inflow streak that had previously generated close to $1.07 billion.
Recent data reveals that 12 spot Bitcoin ETFs garnered $196.48 million in net inflows over the last week, marking a steep decrease of 73.6% from the previous week’s total of $744.35 million.
During the initial four days of the week from March 24–28, Bitcoin ETFs experienced positive net flows, starting with $84.17 million on Monday, followed by $26.83 million, $89.57 million, and $89.06 million. However, a shift in investor sentiment led to a net outflow of $93.16 million on Friday, ending the week on a down note.
BlackRock’s IBIT dominated the inflow landscape, attracting $172 million, with Fidelity’s FBTC coming in second with $86.8 million. VanEck’s HODL also showed modest performance, recording $5 million in net inflows.
Despite some positives, several funds including ARK 21Shares’ ARKB, Bitwise’s BITB, WisdomTree’s BTCW, and Invesco’s BTCO faced combined outflows of $67.4 million. The remaining Bitcoin ETFs reported flat performances throughout the week.
The outflows on Friday, March 28, concluded a remarkable 10-day inflow period, the longest of the year, which had brought approximately $1.07 billion into these funds. Analysts noted that while Bitcoin demand remains, investor risk appetite appears subdued.
A notable shift in investor sentiment coincided with Bitcoin’s underwhelming quarterly performance, which is turning out to be the worst since 2018—a year that saw a 49.7% decline. Currently, Bitcoin has dropped 11.86% this quarter, priced at $81,939, surpassing the 10.83% decrease recorded in Q1 2020. Should prices rebound, losses may be mitigated, but persistent selling pressure could push Bitcoin below the $80,000 threshold.
This recent market downturn has erased nearly all of Bitcoin’s weekly gains as investors exercise caution ahead of upcoming U.S. tariffs announced by President Trump, set to take effect on April 2. Additionally, stronger-than-expected core PCE data has intensified concerns regarding potential delays in Federal Reserve rate cuts, contributing to ongoing market uncertainty.
