Bitcoin spot ETFs commot $296M after 4-week inflow run; ETH dey bleed
Bitcoin spot ETFs don reverse four-week inflow streak. SoSoValue data for di 12 combined Bitcoin spot ETFs show weekly net flow of -$296.18M, di seventh weekly outflow for 2026 and di 15th since di Oct 2025 bear market start.
Di move follow heavy redemptions on Thursday and Friday. Outflows reach over $396M across di two days, wit Friday alone at -$225.48M—di biggest single day since March 3. By fund, BlackRock’s IBIT lead wit -$158.07M net redemptions. Fidelity’s FBTC na di only fund wey show net inflow (+$46.88M), while most smaller ETFs show flat weekly flows.
Even though weekly reverse happen, cumulative net inflows still large at $55.93B, but total net assets drop to $84.77B from above $90B one week before. Trading activity cool down too, wit weekly volume down to $14.26B from $25.87B earlier in March.
Separately, Morgan Stanley reportedly file for Bitcoin spot ETF (MSBT) wit proposed 0.14% fee, which—if approved—fit be di first US bank-issued Bitcoin spot ETF.
For related ETF flows, Ethereum ETFs extend negative momentum wit -$206.58M weekly withdrawals. For ETH, spot ETF cumulative net inflows still positive at $11.52B.
For traders, di key signal na Bitcoin spot ETFs dey lean defensive again: renewed outflows and falling net assets fit put pressure on near-term spot demand, even as long-term cumulative inflows remain high.
Bearish
Bitcoin spot ETFs don turn to big weekly net outflow (-$296.18M) after four weeks wey dem dey see inflows. The sharp two-day redemption burst (over $396M total; Friday alone -$225.48M, the biggest since March 3) dey show say traders/institutions dey cut exposure instead of just pausing. Net assets also drop (to $84.77B from above $90B), and ETF volume cool down, wey reinforce short-term risk-off setup for BTC demand.
The bullish side be say cumulative net inflows still big ($55.93B) and Morgan Stanley reported MSBT filing fit support longer-term sentiment if dem approve am. But those things no strong enough to offset the immediate directional signal from Bitcoin spot ETF outflows, so near-term bias for BTC na bearish.