Spot Bitcoin (BTC) ETFs snapped a five-week net outflow streak ending March 21

Bitcoin (BTC) ETFs clocked a net inflow of $744.4 million — the biggest tally in eight weeks — extending their daily inflow streak to six consecutive days

In the seven days ended March 21, bitcoin (BTC) exchange-traded funds (ETFs) in the US saw net inflows of $744.4 million, the biggest weekly total in eight weeks, extending their daily inflow streak to six consecutive days, according to SoSoValue.

The new bitcoin ETF subscriptions were largely driven by five funds, with the bulk of the inflows, around $537.5 million, coming from BlackRock’s (NYSE:BLK) iShares Bitcoin Trust (NYSE:IBIT).

Fidelity’s Wise Origin Bitcoin Fund (FBTC) saw the second-biggest subscriptions with $136.5 million.

The renewed bitcoin ETF inflows come after a bearish period for both the crypto market and the broader global macro, which saw rising concerns over escalating trade tensions and surging recession fears.

Earlier this year, bitcoin ETFs hit their largest net inflows of 2025: $1.96 billion in the week ended January 17 and $1.76 billion the following week. Bitcoin (BTC) hit a high of $109,000 on January 20, the inauguration day of U.S. President Donald Trump.

Bitcoin price later dropped amid the broader market correction and went as low as the $78,000 handle. With the latest bitcoin ETF subscriptions — the strongest since January — the price recovered to $87,343 at the time of writing, according to CoinGecko.

The same can’t be said for ether (ETH) ETFs, which saw their fourth straight week of net outflows.

According to SoSoValue, ethereum funds saw a total net outflow of $102.9 million last week, with BlackRock’s iShares Ethereum Trust ETF (ETHA) seeing subscriptions of $74 million.

Ether (ETH) was trading at $2,090 at the time of writing, up from below $2,000, a level it fell below for the first time in over a year.

However, there was a bright spot for ether as institutions are continuing to increase their exposure to the asset.

According to Token Terminal, BlackRock’s BUIDL fund, which primarily invests in tokenized real-world assets (RWAs), now holds a record $1.15 billion of ether, up from about $990 million just a week earlier.

The fresh injection of ETH signals growing conviction from the world’s largest asset manager in ether’s role as the leading infrastructure for real-world asset tokenization.

Crypto Fear & Greed Index improves but investors advised to remain cautious

The Crypto Fear & Greed Index, which measures the level of market sentiment, improved to 45% on March 24 from 32% a week ago, indicating that investors are becoming less fearful and more greedy.

According to Singapore-based investment firm QCP Capital, market sentiment has indeed improved since last week with the crypto market showing some strength.

However, the firm advised caution over the chances of a sustained breakout as there are still some macroeconomic risks that could disrupt the markets.

“Upcoming tariff escalations slated for 2 April could once again pressure risk assets. Moreover, the U.S. is approaching the debt ceiling limit in early Q2, which might spark another round of outsized market volatility,” QCP Cap said in a March 24 market analysis.