Bitcoin ETFs broke a streak of four weeks inflows, as over $296.18 millions in outflows were recorded in the past week.
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- The weekly outflows of Spot Bitcoin ETFs totaled $296.18 millions, ending an inflow streak lasting four weeks that brought in over $2.2 billion.
- BlackRock IBIT, which accounted for $225.5 on Friday and over $396 in withdrawals during the last two trading sessions, led redemptions.
- Also, the weekly outflows of Spot Ether ETFS reached $206,58 million. This is the second straight week that these ETFs have seen losses.
As per data SoSoValue reported that spot Bitcoin ETFs saw a net outflow of $296.18 millions dollars. four weeks of inflowsIn the first three weeks of March, inflows were $787.31 million, $568.45 million and $767.33 millions. Then they dropped to $95.18 during the previous week. The inflows began to slow down, with 787.31 millions, 568.45 and $767.33 during the first 3 weeks of march, then dropping to just $95.18 the previous week.
BlackRock IBIT was the fund that led outflows along with several other funds. IBIT accounted for more than $225.5 millions of the total U.S. Spot Bitcoin ETF redemptions on Friday. This was IBIT’s biggest day since March 3.
On Friday, the outflows were sharper than Thursday’s and Friday’s withdrawals of more than $396 millions.
The cumulative net inflows of spot Bitcoin ETFs now stand at $55.93 Billion. Total net assets, however, have dropped to $84.77 Billion from more than $90Billion just a few weeks ago. This slowdown is also evident in the trading volume which fell to just $14.26 billion, down from $25.87bn earlier in March.
Ether spot ETFs also suffered losses, recording a weekly loss of $206.58 millions, its second consecutive week.
Every day since 18 March, there have been withdrawals of funds, the biggest being $92 54 million on Thursday followed by $48.54 millions on Friday.
There are macro-pressures at play
Bitcoin ETFs and Ethereum ETFs see withdrawals. investors remain sensitive A deteriorating macroeconomic background. The market, after a period aggressive accumulation has shifted to a more risk-off position due to a combination geopolitical instabilities and high inflation.
Bitcoin hit a low for the week of about $65,000 during the early hours of the morning. Ethereum fell briefly below the $2000 mark, the first time since several weeks.
As a result of tensions in Middle East, the United States has acted to halt primary catalyst for this volatility. Bitcoin may be viewed by many as digital gold but in 2026, geopolitical events have caused a rush to short-term Treasuries and cash.
Inflation concerns have also been exacerbated due to the recent surge in oil prices which reached $100 per barrel. Oil prices are on the rise, which could spark inflation and complicate central bank rate-cutting plans.
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Source: crypto.news
