US spot Bitcoin exchange-traded funds posted their largest daily outflows in weeks on Thursday, as Bitcoin fell below $70,000 and market risk stayed elevated.
Summary
- US spot Bitcoin ETFs recorded $171 million in outflows, the largest daily withdrawal since March 3.
- BlackRock, Fidelity, ARK, and Grayscale led withdrawals as Bitcoin dropped below the key $70,000 level.
- Despite Thursday outflows, US spot Bitcoin ETFs still attracted $1.36 billion in March net inflows.
The sell-off came after a strong month for US-listed Bitcoin ETFs, which had already attracted fresh capital in March.
US spot Bitcoin ETFs recorded $171 million in net outflows on Thursday. That marked the largest daily withdrawal since March 3, when the group lost $348 million.
BlackRock’s IBIT led the redemptions with $41 million in outflows. Fidelity’s FBTC followed with $32 million, while ARK 21Shares’ ARKB lost $30.5 million. Grayscale’s GBTC also posted $24 million in withdrawals, based on data from Farside Investors.
The weak session interrupted a broader recovery in ETF demand this month. Sosovalue data showed that spot Bitcoin ETFs had already brought in $1.36 billion in March and were moving toward their first month of net inflows since October 2025.
That trend showed that institutional interest had not disappeared, even as Thursday’s trading pointed to caution. ETF flows often act as a clear sign of how large investors are positioning around Bitcoin.
Bitcoin fell below the $70,000 level on Thursday and traded near $67,780 at the time of writing. CoinGecko data showed the asset had dropped almost 5% over the past seven days.
The move added pressure to ETF sentiment, as falling prices often lead to short-term withdrawals from listed crypto products. Even so, Bloomberg ETF analyst Eric Balchunas said the market was “one good day away” from reversing year-to-date ETF outflows.
Balchunas also said the funds had shown “incredible fortitude” during Bitcoin’s 46% decline from its October 2025 all-time high of $126,198. His comments pointed to continued resilience among ETF holders despite the recent price weakness.
Middle East tension keeps investors cautious
Market attention also stayed fixed on geopolitical risk. Reuters reported earlier this week that the US Department of War was sending thousands of soldiers to the Middle East.
On Thursday, President Donald Trump said the ceasefire on Iranian energy infrastructure would be extended by 10 days to April 6. He said the move followed ongoing negotiations, but traders still feared a sudden shift over the weekend.
Source: https://crypto.news/blackrock-fidelity-lead-bitcoin-etf-sell-off-as-btc-drops/
