Last week, the U.S. Bitcoin spot ETFs delivered a moderately positive outcome, pulling in about $200 million in netflows. This uptick follows a two-week stretch of market recovery after witnessing substantial withdrawals in early March.
### Bitcoin Spot ETFs: 10 Days of Positive Netflows
Based on data from ETF tracking provider SoSoValue, the Bitcoin ETFs had net outflows of $93.47 million last Friday, culminating in a weekly netflow total of $196.7 million. Friday’s dip was a blip in what had been a 10-day streak of positive inflows, signifying growing market interest.
This trend underscores the return of optimism among institutional investors in Bitcoin, a stark contrast to the negative sentiment dominating February and early March, which led to hefty asset withdrawals.
Leading the charge last week, BlackRock’s IBIT attracted a significant share of investments, pulling in $171.95 million. Following closely was Fidelity’s FBTC with investments totaling $86.84 million. Meanwhile, VanEck’s HODL brought in an additional $5 million in new deposits.
Conversely, Ark Invest’s ARKB saw substantial withdrawals, posting $40.97 million in net outflows. Invesco’s BTCO, WisdomTree’s BTCW, and Bitwise’s BITB also faced moderate redemptions, ranging from $6.95 million to $10.22 million. Grayscale’s GBTC, BTC, and Franklin Templeton’s EZBC saw little to no significant activity.
### Bitcoin ETFs Wrap Up Q1: What’s Next?
As the second quarter of 2025 looms, Bitcoin spot ETFs wrap up a tumultuous first quarter. January started with a strong bullish trend, driving $5.25 billion in net inflows. However, this was followed by a drastic reversal, with net liquidations totaling $4.25 billion throughout February and March.
The late March rebound in inflows hints at revived market interest and renewed investor confidence. Additionally, the pro-crypto approach of the Donald Trump administration might bolster institutional investments in the long term.
Yet, broader economic issues, like potential Federal Reserve rate hikes and evolving U.S. tariff policies, might steer investors away from risky investments. The current uncertainty surrounding Bitcoin’s bull run poses further concerns.
At this moment, Bitcoin stands at $83,359, reflecting a 0.77% dip in the last 24 hours. Daily trading volume has plummeted by 49.43%, now resting at $16.88 billion.
