Spot Bitcoin ETFs break 4-week inflow streak as capital avoids 'directional risk'

Spot Bitcoin exchange-traded funds (ETFs) just snapped a four-week inflow streak — posting $296.18 million in net outflows for the week ending Friday. The reversal hits after a solid run of inflows totaling over $2.2 billion across four straight weeks, including $787.31 million, $568.45 million, and $767.33 million earlier in March, before slowing to $95.18 million last week, according to SoSoValue data.

The weekly outflow followed back-to-back daily withdrawals on Thursday and Friday totaling more than $396 million, including a $225.48 million outflow on Friday alone — their biggest day of redemptions since March 3, when they posted $348 million in outflows.

Cumulative net inflows into spot Bitcoin ETFs still stand at $55.93 billion, but total net assets have slipped to $84.77 billion from over $90 billion a week earlier. Trading volume also cooled off — weekly volume fell to $14.26 billion from $25.87 billion earlier in March.

A Bitunix analyst told Cointelegraph that the current macro backdrop is all about 'surface stability, internal imbalance' — geopolitical risks are still simmering while policymakers try to keep things looking calm. Stuff like the US–EU trade deal and delayed tensions in the Middle East have temporarily eased market stress, but the underlying risks haven't gone anywhere.

In this environment, Bitcoin is acting less like a breakout asset and more like a liquidity mirror. It's stuck between $65,000 and $72,000 — showing some demand but no real follow-through on upside moves.

The analyst added that price action will likely stay volatile within these ranges until macro conditions line up for a clearer trend.

Meanwhile, spot Ether ETFs recorded $206.58 million in weekly outflows — marking a second straight week of losses and reversing the modest inflow streak from earlier in March. Daily data shows consistent outflows every trading day since March 18. The biggest single-day outflow was $92.54 million on Thursday, followed by $48.54 million on Friday.