Despite macroeconomic worries and geopolitical uncertainties, US Bitcoin ETFs saw a $1.33M inflow in March before ending a seven-day outflow streak.
In March, more than $1.67 billion left the US spot Bitcoin and Ether exchange-traded funds (ETFs). However, as the price of BTC approached $85,000, investors halted the loss by bringing in $13.3 million on March 12.
US Bitcoin ETFs Break Outflow Trend
According to data from Farside Investors, spot Bitcoin ETFs had received $35.4 million in inflows over two days as of March 12. However, only one instance of inflows into spot Ether ETFs brought in $14.6 million on March 4.
Bitcoin ETFs see an inflow of $13.3 million, ending their outflow trend.
The recent $13.3 million inflow on March 12 that indicated a halt in Bitcoin’s ETF outflows was confirmed by the cumulative net inflows of BTC ETFs, according to Sosovalue.
That day’s trade value for Bitcoin ETFs was $2.01 billion, the lowest daily value since February 20. Three Bitcoin funds contributed to the inflows: the Grayscale Bitcoin Mini Trust ETF (BTC), the ARK 21Shares Bitcoin ETF (ARKB), and BlackRock’s iShares Bitcoin Trust (IBIT).
The Fidelity Ethereum Fund (FETH), Bitwise Ethereum ETF (ETHW), Grayscale Ethereum Trust (ETHE), and Grayscale Ethereum Mini Trust (ETH) all contributed to the Ethereum side of the one-day inflows.
Market Decline & Geopolitical Unrest Pushed ETF withdrawals
Geopolitical tensions, trade wars, and pessimistic investor sentiment have all contributed to the ETF outflows, as have macroeconomic uncertainties and the general market downturn.
According to analysts, selling pressure has also been intensified by President Donald Trump’s Strategic Bitcoin Reserve plan’s lack of tangible implementation or unfulfilled expectations.
Market observers cautioned that even though Bitcoin could hold steady above $80,000, the impending retaliatory tariffs from the European Union might cause more volatility, further affecting the cryptocurrency’s price trajectory.
