- On the final day of March, U.S. Bitcoin ETFs experienced net outflows of roughly $60 million.
- The sole ETF to see an inflow on Monday was BlackRock’s IBIT.
- Global crypto ETPs recorded $226 million in net inflows last week, according to CoinShares’ weekly report.
Bitcoin ETFs posted their second straight day of net outflows on Monday.
Data from Farside shows U.S. Bitcoin ETFs had about $60 million in net redemptions on the last day of March.
BlackRock’s IBIT was the only fund to attract money on Monday, registering a net inflow of roughly $15 million.
Meanwhile, BITB and ARKB saw outflows of approximately $20 million and $23 million, respectively.
Crypto ETPs in March
Institutional interest in cryptocurrencies rebounded in the latter half of March after meaningful outflows earlier in the month.
U.S. Bitcoin ETFs enjoyed a notable 10-day inflow streak before it ended on March 28, when the group recorded about $93 million in net outflows.
CoinShares’ weekly report indicates global crypto ETPs pulled in $226 million in net inflows last week.
Bitcoin dominated those inflows with roughly $195 million, even as total assets under management for Bitcoin ETFs lingered at about $114 billion — a post-U.S. election rally low.
Altcoin products reversed a four-week run of outflows, posting $33 million in net inflows. Notable allocations included approximately $14.5 million to Ethereum, $7.8 million to Solana, $4.8 million to XRP, and $4.0 million to SUI.
Bitcoin in green ahead of ‘Liberation Day’
Last week, Bitcoin traded between roughly $85,000 and $88,000 before breaking below the lower bound on Friday, which contributed to a 5.53% decline by Sunday.
By the start of the new week it had stabilized near $82,500 and has since rebounded above $84,000 as of Tuesday.
Part of the recovery was attributed to Tether moving 8,888 BTC — about $735 million — out of Bitfinex’s hot wallet and into its reserve holdings.
Tether’s Bitcoin reserve wallet now holds 92,647 BTC, valued at approximately $7.65 billion, making it the sixth-largest known Bitcoin wallet.
Traders remain cautious about potential volatility in the weeks ahead, particularly with a tariff implementation scheduled for Wednesday that President Trump has referred to as “Liberation Day.”