Bitcoin ETFs Say 'We'll Pass': $296M Outflows as Directional Risk Gets Cancelled

Spot Bitcoin ETFs decided to take a vacation from their four-week inflow party, posting a crisp $296.18 million in net outflows for the week ending Friday. The streak is dead. Long live the streak, apparently.

This delightful reversal comes after a glorious run of inflows totaling more than $2.2 billion across four consecutive weeks of pure, undiluted FOMO — $787.31 million, $568.45 million and $767.33 million in early March, before things got romantic with a mere $95.18 million in the prior week, per SoSoValue data. Ah, romance.

The weekly outflow wasn't just a gentle nudge either — we're talking back-to-back daily withdrawals on Thursday and Friday that combined for more than $396 million in redemptions. Friday alone handed over $225.48 million, the biggest single-day hemorrhaging since March 3, when the market collectively decided $348 million looked better in someone else's pocket.

For the stats nerds in the back: cumulative net inflows into spot Bitcoin ETFs are sitting at a still-impressive $55.93 billion, while total net assets have done a casual dip to $84.77 billion from over $90 billion literally last week. Trading volume also caught the chill, falling to $14.26 billion from $25.87 billion earlier in March. Nothing says "we're totally fine" like cutting your trading volume in half.

In a statement shared with Cointelegraph, a Bitunix analyst dropped some wisdom about the current macro backdrop being defined by "surface stability, internal imbalance" — which is a fancy way of saying everything looks fine until you look at it. Geopolitical risks remain unresolved while policymakers smile confidently