Spot Bitcoin exchange-traded funds ended a four-week inflow streak, recording $296.18 million in net outflows for the week ending Friday, according to data from SoSoValue. The reversal follows a sustained period of positive flows that totaled more than $2.2 billion across four consecutive weeks. Those prior weeks included inflows of $787.31 million, $568.45 million, and $767.33 million in early March, before momentum slowed to $95.18 million in the most recent prior week.
The weekly outflow was driven largely by back-to-back daily withdrawals on Thursday and Friday that together exceeded $396 million. Friday alone saw $225.48 million in redemptions, marking the largest single-day outflow since March 3, when the funds posted $348 million in withdrawals. The sharp reversal at the end of the week weighed heavily on the overall weekly figure.
Despite the recent outflows, cumulative net inflows into spot Bitcoin ETFs remain at $55.93 billion. However, total net assets have declined to $84.77 billion, down from more than $90 billion the previous week. Trading activity also pulled back, with weekly volume dropping to $14.26 billion compared to $25.87 billion recorded earlier in March.
An analyst at Bitunix, in a statement shared with Cointelegraph, described the current macroeconomic environment as one of “surface stability, internal imbalance.” Geopolitical risks remain unresolved even as policymakers project outward calm, the analyst noted. Developments including a US–EU trade agreement and a temporary easing of tensions in the Middle East have reduced some market stress, though underlying risks have not been eliminated.
Within this environment, Bitcoin is behaving less like a breakout asset and more as a reflection of broader liquidity conditions, according to the Bitunix analyst. The asset has remained range-bound between $65,000 and $72,000, showing signs of demand absorption but limited follow-through on upside moves. The analyst noted that while capital is not leaving the market outright, investors are not yet willing to take on directional risk.
Price action is expected to remain volatile within established ranges until macroeconomic conditions shift to support a clearer trend, the analyst added. The cautious stance among investors reflects broader uncertainty rather than a decisive move away from the asset class. Market participants appear to be waiting for stronger macro signals before committing to a new directional move.
Spot Ether ETFs also faced pressure during the same period, recording $206.58 million in weekly outflows. This marked a second consecutive week of losses for Ether funds, reversing a modest inflow streak seen earlier in March. Outflows were recorded every trading day since March 18, with the largest single-day withdrawal of $92.54 million occurring on Thursday, followed by $48.54 million on Friday.
Originally reported by CoinTelegraph.
