Bitcoin ETF outflows spike
U.S. spot Bitcoin ETFs posted net outflows of $90.19M on Thursday and about $163M over two days, snapping a seven-day inflow streak. (themarketperiodical.com) The pullback coincided with Bitcoin dipping below $71,000 and came as gold ETFs saw a massive $3B outflow — a fast rotation among macro players. (thecoinrepublic.com) (ainvest.com)
BlackRock’s IBIT saw the largest single-fund redemptions during the pullback, with about $38.25 million leaving the trust in the session measured by SoSoValueCrypto. (bingx.com) (bingx.com) Fidelity’s FBTC recorded the biggest single-day outflow among US spot funds earlier in the week—about $103.84 million on March 18—according to daily flow tallies. (themarketperiodical.com) (themarketperiodical.com) IBIT remains the dominant vehicle by size, holding roughly $56.2 billion in AUM and about 786,000 BTC, while U.S. spot Bitcoin ETFs collectively held about 1.294 million BTC and roughly $92.5 billion in assets mid‑March. (walletpilot.com) (walletpilot.com) Analysts note the outflow came after a seven‑day accumulation phase that injected roughly $1.16 billion into the spot‑Bitcoin ETF cohort, per Farside data reported by market trackers. (invezz.com) (invezz.com) The largest US gold ETF, the SPDR Gold Trust (GLD), registered its biggest single‑day withdrawal since 2016 in early March, a move commentators tied to rapid reallocation by macro players away from bullion ETFs. (minyanville.com) (finance.minyanville.com) Bitcoin’s intraday weakness translated into a close under $70,000 on March 19, with the exchange‑reported day‑end price at $69,912.79 on Yahoo Finance’s historical feed. (finance.yahoo.com) (finance.yahoo.com) The selloff wasn’t limited to BTC funds: U.S. spot ether ETFs also saw meaningful withdrawals that day, with the ether cohort posting about $55.7 million of net outflows, highlighting cross‑asset ETF volatility. (theblock.co) (theblock.co)
