In a notable highlight of last week’s activities, US Bitcoin spot ETFs reported a modestly favorable performance, raking in about $200 million in net inflows. This rise is seen in the wake of a robust market recovery observed over the last fortnight, following substantial withdrawals in early March.
Data from ETF monitoring platform, SoSoValue, reveals that the Bitcoin ETFs recorded total net outflows of $93.47 million on Friday, shifting their aggregate net flows for the past week to $196.7 million. Prior to the negative input on Friday, these funds had witnessed positive inflows for an uninterrupted period of 10 trading days, indicating a strong market interest.
This turnaround suggests a resurgence of bullish sentiments among institutional Bitcoin investors, especially after the bearish trends observed in February and early March, which were marked by massive asset withdrawals. Blackrock’s IBIT saw the most inflows last week, with $171.95 million in investments, followed by Fidelity’s FBTC with $86.84 million. VanEck’s HODL was the only other ETF to register a positive inflow, with $5 million in new deposits.
In contrast, Ark Invest’s ARKB reported net outflows of $40.97 million. Similarly, Invesco’s BTCO, WisdomTree’s BTCW, and Bitwise’s BITB saw moderate levels of redemptions ranging from $6.95 million to $10.22 million. Grayscale’s GBTC, BTC, and Franklin Templeton’s EZBC recorded no significant flows.
As we inch closer to Q2 2025, the Bitcoin spot ETFs end Q1 on an ambiguous note. The year kicked off with impressive bullish momentum, driving $5.25 billion in net inflows in January. However, a swift reversal was seen with net liquidations of $4.25 billion across February and March. The resurgence of positive flows in the latter part of March indicates renewed market interest and robust market confidence. The crypto-friendly stance of the Trump administration could further stimulate institutional investment in the long term. However, macroeconomic factors such as potential Fed rate hikes and ongoing US tariff changes could lead investors to pull out of high-risk assets or associated investments. The current uncertainty surrounding the Bitcoin bull run also raises serious concerns.
At the time of reporting, the leading cryptocurrency trades at $83,359, down by 0.77% over the past 24 hours. Moreover, the daily trading volume has dipped by 49.43% and stands at $16.88 billion.
