16 March 2025
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Bitcoin Spot ETFs Experience $921 Million in Outflows Over Last Week
US Bitcoin Spot ETFs reported over $900 million in net outflows, marking the fifth week of redemptions. This trend reflects weak market confidence among institutional investors.
Bitcoin Institutional Investors Withdraw For The Fifth Straight Week
- Bitcoin ETFs previously attracted over $5 billion this year.
- Last week saw $921.4 million in net outflows, totaling $5.4 billion over five weeks.
- BlackRock’s IBIT had the largest withdrawals at $338.1 million.
- Fidelity’s FBTC followed with $307.4 million in redemptions.
- Other ETFs like Ark’s ARKB and Grayscale’s GBTC experienced moderate outflows between $33 million and $81 million.
- Grayscale’s BTC recorded positive inflows of $5.5 million.
- Bitcoin price declined by 11.95% in the last month, reaching $77,000.
- Total net assets for Bitcoin Spot ETFs decreased by 21.70% to $89.89 billion.
Ethereum ETFs Lose $190 Million In Withdrawals
- Ethereum Spot ETFs faced net outflows of $189.9 million last week, totaling $645.08 million over three weeks.
- BlackRock’s ETHA led withdrawals at $63.3 million.
- Cumulative inflows into Ethereum ETFs are valued at $2.52 billion, with net assets at $6.72 billion (2.90% of ETH market cap).
- Ethereum trades at $1,924, up 0.73% in 24 hours; Bitcoin is priced at $84,009 with little daily price change.