"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."
"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."
"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."
"One fund stood apart. Blackrock's ETHB continued to attract steady inflows throughout the week, supported by its staking feature, as it closed the week with $141 million in inflows."
The last week of March saw bitcoin ETFs face substantial outflows totaling $296.18 million, reversing previous inflow momentum. Initial inflows on March 23 were short-lived, with IBIT leading the outflows, including a $201 million withdrawal on March 27. Despite FBTC's positive net flow of $46.88 million, other products like BITB and ARKB suffered losses. Ether ETFs recorded $206.58 million in outflows, with Blackrock's ETHA facing heavy redemptions. However, Blackrock's ETHB attracted $141 million in inflows, indicating a shift in investor interest.
Read at news.bitcoin.com
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