Bitcoin ETFs record fourth consecutive week of outflows, amid macroeconomic concerns
The post Bitcoin ETFs record fourth consecutive week of outflows, amid macroeconomic concerns appeared on BitcoinEthereumNews.com.
Weekly flows for spot Bitcoin ETFs remained negative for the fourth consecutive week as macroeconomic factors continued to weigh heavily on investor sentiment. According to data from SoSoValue, the 12 spot Bitcoin ETFs recorded another week of outflows from March 3-5, with nearly $800 million exiting the funds. This follows a record outflow week that saw over $2.61 billion in redemptions, extending the negative flow streak to four consecutive weeks with total net outflows exceeding $4.5 billion. Notably, Bitcoin ETFs recorded net negative flows throughout last week, starting with $74.19 million on Monday, followed by $143.43 million, $38.3 million, $134.26 million, and culminating in the largest outflow of $409 million on Friday. On the final day of the week, ARK and 21Shares’ ARKB led the outflows with $160.03 million, followed closely by Fidelity’s FBTC, which saw $154.89 million withdrawn by investors. Other major ETF issuers, including BlackRock’s IBIT, Grayscale’s GBTC, and Bitwise’s BITB, also experienced outflows of $39.85 million, $36.46 million, and $18.6 million, respectively. VanEck’s HODL was the only fund to buck the trend, recording a modest inflow of $619.55K. Meanwhile, the nine spot Ethereum funds also reported two consecutive weeks of negative flows, with $455 million exiting the funds, reflecting broader bearish sentiment in the crypto market. Despite widespread anticipation that the White House Crypto Summit could provide a boost to the market, Bitcoin ETFs continued their downward trend. Analysts attribute this decline to ongoing macroeconomic concerns, particularly President Donald Trump’s trade tariffs and overall economic uncertainty, which appear to be shaking investor confidence in digital assets. Some experts suggest that strategic market shifts are also contributing to the sell-off. One prevailing theory is that hedge funds have been capitalizing on low-risk arbitrage trades between Bitcoin spot ETFs and CME futures. As these trades unwind, liquidity is drying…
Filed under: News - @ March 10, 2025 7:23 am