Four-week Bitcoin ETF inflow trend ends as investors retreat from 'directional risk'
After four consecutive weeks of gains, spot Bitcoin ETFs experience $296 million in net withdrawals as macroeconomic uncertainty drives investors to the sidelines.
Exchange-traded funds focused on spot Bitcoin have broken a month-long positive inflow pattern, recording net outflows totaling $296.18 million during the week that concluded on Friday.
This shift in direction comes after a robust period of capital influx exceeding $2.2 billion over four successive weeks, which included $787.31 million, $568.45 million and $767.33 million during the initial weeks of March, before tapering to $95.18 million in the week immediately prior, based on data from SoSoValue.
The negative weekly performance was driven by consecutive daily redemptions on both Thursday and Friday, which combined exceeded $396 million, with Friday alone witnessing $225.48 million in outflows—representing the most significant single-day withdrawal event since March 3, when redemptions reached $348 million.
Of particular note, aggregate net inflows into spot Bitcoin (BTC) ETFs currently total $55.93 billion, whereas total net assets have declined to $84.77 billion from levels exceeding $90 billion just one week prior. Market activity has also shown signs of cooling, with weekly trading volume decreasing to $14.26 billion compared to $25.87 billion recorded during earlier periods in March.
Surface stability conceals underlying vulnerabilities
According to a statement provided to Cointelegraph, an analyst from Bitunix characterized the prevailing macroeconomic environment as one of "surface stability, internal imbalance," noting that geopolitical uncertainties continue to persist even as policymakers work to project an image of stability. Events including the US–EU trade agreement and postponed escalations in Middle Eastern tensions have provided temporary relief from market pressures, though fundamental risks continue to linger.
Within this context, Bitcoin is exhibiting characteristics more consistent with liquidity dynamics rather than a breakout trajectory, according to the analyst's assessment. The digital asset continues to trade within a confined range spanning $65,000 to $72,000, displaying evidence of demand absorption yet lacking sustained momentum on attempts to push higher.
"Capital is not exiting the market, but neither is it willing to take directional risk,"the analyst stated, further noting that price movements are expected to demonstrate continued volatility within the current established boundaries until macroeconomic circumstances converge to support a more definitive directional trend.
Ethereum ETF outflow pattern continues
At the same time, spot Ether (ETH) ETFs documented $206.58 million in weekly outflows, representing the second week in a row of negative flows and erasing the limited inflow momentum observed during earlier portions of March.
Examination of daily data reveals persistent outflows across the entire trading week. Investment vehicles experienced withdrawals on every trading session beginning March 18. The most substantial single-day outflow occurred on Thursday, totaling $92.54 million, with Friday recording an additional $48.54 million in redemptions.