Bitcoin and Ether ETFs face $503M outflows as selling intensifies
Bitcoin ETFs and Ether ETFs ended the week under heavy selling pressure. Total ETF outflows reached $503M, with Bitcoin spot ETFs accounting for $296.18M of the net outflow.
For Bitcoin ETFs, an early-week rebound faded. Monday inflows were supported by BlackRock’s IBIT and Fidelity’s FBTC, but mid-to-late week redemptions took over. IBIT was the main drag, including a $201M outflow on Friday (Mar 27). Other Bitcoin ETFs also weighed on flows, including Bitwise’s BITB, Ark & 21Shares’ ARKB, and continued weakness in Grayscale’s GBTC.
Ether ETFs were weaker still. Net outflows totaled $206.58M, with daily declines stretching for nearly a full week. BlackRock’s ETHA led redemptions, while Fidelity’s FETH, Grayscale’s ETHE (and its mini trust), Bitwise’s ETHW, 21Shares’ TETH, VanEck’s ETHV, and Invesco’s QETH all contributed. The only notable offset was BlackRock’s ETHB, which attracted about $141M inflows due to its staking feature, but it was not enough to reverse the broader trend.
For traders, the persistent outflow trend across Bitcoin ETFs and Ether ETFs suggests risk-off positioning. Watch ETF flow data closely for early confirmation of stabilization versus renewed redemptions.
Bearish
The news flow is dominated by sustained, broad-based redemptions. Bitcoin spot ETFs led the decline with $296.18M of net outflows, and Ether ETFs extended losses with $206.58M in net outflows. The only meaningful counterweight—BlackRock’s ETHB inflows tied to staking—was not large enough to offset outflows elsewhere.
Short term, continued negative ETF flows can pressure spot demand and reinforce risk-off positioning, potentially capping rallies. Long term, if these flows persist, they can signal weaker institutional appetite and keep volatility elevated. Traders should treat stabilization attempts in early-week inflows as fragile until daily net flows repeatedly turn positive across key funds like IBIT/ETHA.