Last week, U.S. Bitcoin ETFs saw a significant drop in net inflows, ending a 10-day streak of inflows that brought in nearly $1.07 billion.
Current Inflows and Outflows Dynamics
According to SoSoValue data, 12 U.S. Bitcoin ETFs recorded $196.48 million in net inflows over the past week, a drop of 73.6% from the previous week ($744.35 million). Net inflows were seen in the first four days of the week from March 24 to 28 but ended with a net outflow of $93.16 million on Friday.
Investment Activity Analysis
The majority of inflows were captured by BlackRock’s IBIT, which drew in $172 million, followed by Fidelity’s FBTC with $86.8 million. Positive momentum was also seen with VanEck’s HODL, which saw $5 million in inflows. However, ARK 21Shares’ ARKB, Bitwise’s BITB, WisdomTree’s BTCW, and Invesco’s BTCO saw combined outflows of $67.4 million.
Factors Affecting the Market
The sharp shift in investor mood came as Bitcoin’s quarterly performance turned out to be its worst since 2018. Bitcoin was down 11.86%, influenced by uncertainty ahead of U.S. reciprocal tariffs and PCE data.
Investor sentiment remains volatile, reflecting on U.S. Bitcoin ETF trading dynamics. Macro-economic factors and market conditions will continue to pressure the market in the near future.
