Spot Bitcoin ETFs recorded around $296 million in net outflows for the week ending Friday, ending a four-week inflow streak that had totaled over $2.2 billion. The outflows were driven by two days of significant withdrawals, including the largest single-day redemption since early March. Meanwhile, spot Ethereum ETFs also posted outflows for a second consecutive week, totaling roughly $207 million.
The reversal follows a sustained run of inflows totaling more than $2.2 billion across four consecutive weeks. This included $787 million, $568 million and $767 million in early March, before slowing to $95 million in the prior week, according to SoSoValue data.
The weekly outflow followed back-to-back daily withdrawals on Thursday and Friday totaling more than $396 million. Friday alone saw a $225 million outflow, the biggest day of redemptions since March 3.
Cumulative net inflows into spot Bitcoin ETFs stand at $55.93 billion, while total net assets have slipped to $84.77 billion. Trading activity also moderated, with weekly volume falling to $14.26 billion from a higher level earlier in March.
In a shared statement, a Bitunix analyst said the current macro backdrop is defined by “surface stability, internal imbalance.” The analyst noted that developments such as the US–EU trade agreement have temporarily eased market stress.
“Capital is not exiting the market, but neither is it willing to take directional risk,” the analyst said. The asset remains range-bound with price action likely to remain volatile within established ranges until macro conditions align for a clearer trend.
Meanwhile, spot Ethereum ETFs recorded $206.58 million in weekly outflows, marking a second consecutive week of losses. Daily data shows consistent outflows every trading day since March 18.
The largest single-day outflow for Ethereum funds came on Thursday at $93 million, followed by $49 million on Friday. This reverses the modest inflow streak seen earlier in the month.
