The Party's Over: Bitcoin ETFs Snap Four-Week Streak as $296M Pulls the Plug

Well, folks, the music stopped. Bitcoin ETFs just ended their four-week inflow rager with a spectacular thud—$296.18 million walked out the door last week, marking the first red week after a glorious month of steady buying that made everyone feel rich and invincible. According to SoSoValue, spot Bitcoin ETFs posted $296.18 million in net outflows after four consecutive weeks of inflows totaling more than $2.2 billion. The slowdown crept in like a hangover: $787.31 million, $568.45 million, and $767.33 million rolled in during the first three weeks of March, then drooped to just $95.18 million the week before things went full bear mode.

BlackRock's IBIT decided to lead the exodus like a captain abandoning ship—bleeding more than $225.5 million on Friday alone. That marked the fund's biggest redemption day since March 3, which, for those keeping score at home, was basically the last time anyone felt good about this market. The carnage wasn't a one-day affair either—Thursday and Friday combined saw over $396 million in withdrawals. That's not a dip, that's a stampede.

Let's look at the body count: cumulative net inflows now sit at $55.93 billion, while total net assets have shrunk to $84.77 billion from over $90 billion just a week earlier. Ouch. Trading volume took an even nastier hit, plunging from $25.87 billion to $14.26 billion. Someone clearly forgot to tell the bots to