In March, over $1.67 billion was withdrawn from US spot Bitcoin and Ether exchange-traded funds (ETFs), but the situation improved on March 12 when investors injected $13.3 million as the market price of Bitcoin approached $85,000.
As of March 12, spot Bitcoin ETFs had garnered $35.4 million in inflows over two days. In contrast, spot Ether ETFs only recorded inflows once, bringing in $14.6 million on March 4.
Daily flow data for spot Bitcoin ETFs.
Bitcoin ETFs end outflow streak with $13.3 million influx
Cumulative net inflows for Bitcoin ETFs confirmed the $13.3 million influx on March 12, indicating a halt in the outflows for Bitcoin’s ETFs.
The total trading volume for Bitcoin ETFs on that day reached $2.01 billion, marking the lowest daily figure since February 20. This influx was supported by three Bitcoin funds: BlackRock’s iShares Bitcoin Trust, ARK 21Shares Bitcoin ETF, and the Grayscale Bitcoin Mini Trust ETF.
Daily investment flow into spot Bitcoin ETFs.
On the Ethereum side, the sole day of inflows was driven by contributions from the Fidelity Ethereum Fund, Bitwise Ethereum ETF, Grayscale Ethereum Trust, and the Grayscale Ethereum Mini Trust.
Daily flow data for spot Ether ETFs.
ETF outflows driven by market downturn and geopolitical issues
The recent downturn in the broader market, combined with macroeconomic instabilities, has played a significant role in the outflows from ETFs, largely fueled by geopolitical tensions, trade disputes, and negative investor sentiment.
Related: Crypto ETPs experience four consecutive weeks of outflows, totaling $876M
Experts suggest that the lack of clear execution or unmet expectations surrounding the strategic Bitcoin reserve plan has also intensified selling pressure.
Even with Bitcoin holding above the $80,000 mark, analysts cautioned that forthcoming retaliatory tariffs from the European Union could bring additional volatility and further impact Bitcoin’s price movement.
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