Bitcoin (BTC) Spot ETFs Attract $200M in Net Inflows Last Week

By their lofty standards, the US Bitcoin spot ETFs produced a moderately positive performance last week, attracting about $200 million in netflows.

A US Bitcoin (BTC) spot ETF is a type of exchange-traded fund that tracks the price of Bitcoin. It is a popular investment vehicle for those who want to gain exposure to the cryptocurrency market.

According to SoSoValue, the Bitcoin ETFs registered total net outflows of $93.47 million on Friday, moving its aggregate netflows for the past week to $196.7 million. Prior to Friday’s negative input, these funds recorded a positive flow for 10 consecutive trading days.

By their lofty standards, the Bitcoin ETFs produced a moderately positive performance last week, attracting about $200 million in netflows. This development comes amid an impressive market comeback over the past two weeks following the heavy withdrawals seen in early March.

Bitcoin ETFs: 10 Straight Days Of Positive Netflowsof course, the Bitcoin ETFs have seen a high amount of favorable market interest throughout the past few months of 2024. As such, the products by iShares, Bitrix, and ProShares all saw outsized outflows on Friday.

However, pale in comparison to the inflows seen by iTrust’s IBIT, which garnered $171.95 million in investments last week. Afterwards came Fidelity’s FBTC, which saw $86.84 in new deposits.

The only other ETF to see positive netflows last week was VanEck’s HODL, which recorded a smaller inflow of $5 million in new deposits.

Alternatively, a large percentage of the withdrawals came from Ark Invest’s ARKB, which saw $40.97 million in net outflows.

Invesco’s BTCO, WisdomTree’s BTCW, and Bitwise’s BITB also experienced moderate levels of redemptions ranging between $6.95 million – $10.22 million.

Meanwhile, Grayscale’s GBTC, BTC, and Franklin Templeton’s EZBC registered no significant flow.

Bitcoin ETFs Close Out Q1 – What Next?With Q2 of 2025 fast approaching, the Bitcoin spot ETFs conclude the first quarter of the year on an uncertain note.

The year began with strong bullish momentum, driving $5.25 billion in net inflows during January. However, this was followed by a sharp reversal, with cumulative net liquidations of $4.25 billion across February and March.

The latter half of March saw a resurgence of positive inflows, signaling renewed market interest and strong confidence in the crypto market.

The Donald Trump administration’s crypto-friendly stance could encourage greater institutional investment in crypto assets in the long run.

However, macroeconomic factors such as potential Federal Reserve rate hikes and changes in US tariffs may influence investors to move out of or into high-risk assets or other related investments.

The uncertainty over the current Bitcoin bull run also draws serious concerns.

At the time of writing, the flagship crypto asset trades at $83,359 after a 0.77% decline in the past 24 hours.

Daily trading volume has decreased by 49.43% to $16.88 billion.

This article was originally published on SoSoValue and has been modified by Chain Link.