The 11 U.S.-listed spot Bitcoin (ETFs) recorded a net outflow of $74.2 million, signaling a sharp pivot in investor sentiment.
These outflows sharply contrast the previous trading day, Friday, February 28, when Bitcoin ETFs saw a $94.3 million inflow, ending an eight-day streak of $3.2 billion in cumulative outflows.
The latest ETF data reflects the crypto market’s ongoing volatility and fragile liquidity as the markets recover from a hellish February.
BlackRock’s (IBIT), a leading fund, led the outflows, losing $78 million. Grayscale’s GBTC lost $54.4 million. Ark 21 shares ARKB recorded the only daily inflow, pulling in $58.2 million.
Though milder, yesterday’s $74.2 million net outflow suggests institutional conviction remains shaky amid Bitcoin’s price fluctuations.
The Primary Crypto asset dipped below $90,000 last week before recovering to $93,000, erasing weekend gains and keeping investors on edge.
Yesterday’s outflows brought total Bitcoin ETF assets to approximately $37 billion, down from $39.6 billion earlier this month.
Analysts suggest this pullback reflects profit-taking and macroeconomic uncertainty, though some see stabilization potential if inflows resume.
At the time of this report, Bitcoin is exchanging hands for $83,703, dropping by 8.8% in the last 24 hours.
