Based on their high benchmarks, US Bitcoin spot ETFs demonstrated a moderately positive performance last week, drawing in approximately $200 million in net inflows. This development occurs against the backdrop of a remarkable market recovery over the last two weeks, following significant withdrawals noted in early March.
Bitcoin Spot ETFs: A Decade of Positive Net Inflows
As per data from the ETF tracking platform SoSoValue, the Bitcoin ETFs experienced total net outflows of $93.47 million on Friday, adjusting their total net inflows for the week to $196.7 million. Prior to Friday’s downturn, these funds experienced a positive net flow for ten consecutive trading days, indicating substantial favorable market interest.
This trend signals a revival of bullish sentiments among institutional Bitcoin investors, shifting away from the bearish atmosphere that dominated February and early March, which was characterized by significant asset withdrawals.
In line with this, Blackrock’s IBIT captured the bulk of last week’s inflows, drawing in $171.95 million, while Fidelity’s FBTC followed with $86.84 million. VanEck’s HODL was the only other ETF to record a positive inflow, attracting $5 million in new deposits.
Conversely, a substantial portion of withdrawals originated from Ark Invest’s ARKB, which noted $40.97 million in net outflows. Invesco’s BTCO, WisdomTree’s BTCW, and Bitwise’s BITB also faced moderate redemption levels, ranging from $6.95 million to $10.22 million. Meanwhile, Grayscale’s GBTC, BTC, and Franklin Templeton’s EZBC did not report any significant flow.
Bitcoin ETFs Wrap Up Q1 – What’s Next?
As Q2 of 2025 approaches, Bitcoin spot ETFs finish the first quarter of the year with an air of uncertainty. The year commenced with robust bullish momentum, resulting in $5.25 billion in net inflows during January. However, this was countered by a sharp downturn, leading to cumulative net liquidations of $4.25 billion through February and March.
The recent uptick in positive inflows during the latter part of March points to a resurgence of market interest and confidence. Additionally, the crypto-friendly stance of the Donald Trump administration may bolster long-term institutional investments.
Nevertheless, macroeconomic challenges such as potential Fed rate hikes and ongoing US tariff adjustments could compel investors to reassess their positions in high-risk assets or related investments. Furthermore, the uncertainty surrounding the current Bitcoin bull run raises significant concerns.
As of this writing, the leading crypto asset is trading at $83,359, reflecting a decline of 0.77% in the past day. Additionally, daily trading volume has decreased by 49.43%, now valued at $16.88 billion.
