In March, US Bitcoin exchange-traded funds (ETFs) experienced significant outflows amounting to $1.33 billion. However, this outflow streak ended after seven consecutive days with a resurgence of inflows totaling $13.3 million on March 12. This turnaround came as Bitcoin’s market price approached $85,000, despite facing challenges such as macroeconomic concerns and geopolitical uncertainties.
Overall, $1.67 billion exited US spot Bitcoin and Ether ETFs during March. But notably, on March 12, spot Bitcoin ETFs saw $35.4 million in inflows over two days according to Farside Investors data, while spot Ether ETFs recorded a one-time inflow of $14.6 million on March 4.
The cumulative net inflows for Bitcoin ETFs were confirmed by Sosovalue, highlighting the recent $13.3 million inflow as a significant pause in the outflow trend. On March 12, the total trade value of Bitcoin ETFs stood at $2.01 billion, the lowest daily value since February 20. The inflows were spread across three significant funds: BlackRock’s iShares Bitcoin Trust, the ARK 21Shares Bitcoin ETF, and the Grayscale Bitcoin Mini Trust ETF.
Ethereum ETFs saw a single day of inflows, with contributions from Fidelity Ethereum Fund, Bitwise Ethereum ETF, Grayscale Ethereum Trust, and the Grayscale Ethereum Mini Trust.
The ongoing broader market downturn and macroeconomic uncertainties, exacerbated by geopolitical tensions, trade wars, and bearish investor sentiment, have driven these ETF outflows. Analysts also point to the lack of concrete implementation surrounding President Donald Trump’s Strategic Bitcoin Reserve plan as a factor increasing selling pressure. Although Bitcoin maintains a position above $80,000, some market analysts caution that potential European Union retaliatory tariffs could introduce further volatility, impacting Bitcoin’s future price movements.
