🟠 Bitcoin, Ether ETFs Hit by $503 Million Exodus as Selling Intensifies
Crypto exchange-traded funds (ETFs) faced a difficult week, with bitcoin and ether posting heavy outflows. Smaller assets showed mixed resilience, with XRP attracting modest inflows.
Crypto ETFs Slide as Bitcoin, Ether Post Heavy Weekly Losses
The last full trading week of March began with promise, but it did not end that way. What started as a brief recovery in bitcoin ETFs quickly gave way to sustained selling pressure, setting the tone for a week defined by caution, rotation, and selective conviction.
Bitcoin spot ETFs recorded net outflows of $296.18 million for the week, reversing recent momentum. The early inflow on Monday, March 23, driven by strong allocations into Blackrock’s IBIT and Fidelity’s FBTC, proved short-lived. By midweek, sentiment had shifted.
IBIT emerged as the largest driver of outflows overall, including a sharp $201 million withdrawal on Friday, March 27 alone. Fidelity’s FBTC followed with consistent redemptions across multiple sessions, yet it finished the week in the green with a $46.88 million weekly net flow.
Despite FBTC’s positive net flow, Bitwise’s BITB and Ark & 21Shares’ ARKB posted notable weekly losses to add to the outflows. Grayscale’s GBTC continued its steady bleed, while smaller products such as the Bitcoin Mini Trust, Vaneck’s HODL, Franklin’s EZBC, and Valkyrie’s BRRR saw mixed, mostly modest flows that did little to offset the broader trend.
Ether ETFs fared worse in consistency, if not magnitude. The group recorded $206.58 million in net outflows, extending a near-unbroken streak of daily declines. Blackrock’s ETHA dominated the downside, including multiple heavy redemptions that defined the week. Fidelity’s FETH, Grayscale’s ETHE, and its Mini Trust, Bitwise’s ETHW, 21Shares’ TETH, Vaneck’s ETHV, and Invesco’s QETH all contributed to the negative flow.
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