Bitcoin and Ether ETF Outflows Continue Amid Market Downturn and Geopolitical Tensions

Bitcoin ETFs Break Outflow Streak with $13.3 Million Inflow

Over $1.67 billion in US spot Bitcoin and Ether exchange-traded funds (ETFs) exited the market in March, but investors brought in $13.3 million on March 12 as the BTC market price inched closer to $85,000.

According to Farside Investors, spot Bitcoin ETFs attracted $35.4 million worth of inflows spread across two days, with spot Ether ETFs recording inflows on just one occasion, bringing in $14.6 million on March 4.

Market Downturn and Geopolitical Tensions Drive ETF Outflows

The broader market downturn and macroeconomic uncertainties have contributed to the ETF outflows, driven by geopolitical tensions, trade wars, and bearish investor sentiment.

Analysts note that the lack of concrete implementation or unmet expectations regarding President Donald Trump’s Strategic Bitcoin Reserve plan has also exacerbated selling pressure.

Spot Bitcoin ETF Daily Flow Data

Source: Farside Investors

Spot Ether ETF Daily Flow Data

Source: Farside Investors

Conclusion

The recent outflows in Bitcoin and Ether ETFs can be attributed to the broader market downturn and geopolitical tensions. Despite the fluctuations, investors brought in $13.3 million on March 12, indicating a pause in the outflow trend.

FAQs

Q: What caused the outflows in Bitcoin and Ether ETFs?

A: The outflows were driven by the broader market downturn and macroeconomic uncertainties, including geopolitical tensions, trade wars, and bearish investor sentiment.

Q: What is the current market price of Bitcoin?

A: As of the date of this article, the Bitcoin market price is approximately $85,000.

Q: What is the current market price of Ether?

A: As of the date of this article, the Ether market price is not specified.

Q: What is the Strategic Bitcoin Reserve plan?

A: The Strategic Bitcoin Reserve plan is a proposed plan by President Donald Trump to implement a bitcoin reserve, which has not been fully implemented or met expectations, contributing to selling pressure.

Q: What are the ETFs that contributed to the inflows?

A: The Bitcoin ETFs that contributed to the inflows include BlackRock’s iShares Bitcoin Trust (IBIT), the ARK 21Shares Bitcoin ETF (ARKB), and the Grayscale Bitcoin Mini Trust ETF (BTC). The Ether ETFs that contributed to the inflows include the Fidelity Ethereum Fund (FETH), Bitwise Ethereum ETF (ETHW), Grayscale Ethereum Trust (ETHE), and the Grayscale Ethereum Mini Trust (ETH).