After weeks of heavy outflows, Bitcoin ETFs in the U.S. are finally seeing a turnaround, with fresh capital flowing in and signaling renewed investor interest.
Key Takeaways:
- Bitcoin ETFs recorded a net inflow of $83.09 million on March 21
- This marked six straight days of inflows, reversing weeks of outflows
- BlackRock’s iShares Bitcoin Trust (IBIT) led the gains, adding $104.99 million
- Grayscale Bitcoin Trust (GBTC) saw outflows of $21.9 million
- Total weekly net inflows hit $744.35 million, breaking a 5-week losing streak
Bitcoin ETFs Finally Rebound After Heavy Losses
For five straight weeks, U.S. Bitcoin ETFs had been bleeding capital, losing a total of $5.39 billion as investor sentiment weakened.
Worst Outflow Day:
- On February 25, Bitcoin ETFs saw a massive $1.14 billion withdrawn—one of the biggest single-day outflows ever.
Why Were Investors Selling?
- Market uncertainty surrounding U.S. economic policies
- Concerns over global trade wars and interest rate decisions
- Profit-taking by early investors after Bitcoin’s strong rally
However, the recent streak of inflows suggests that investor appetite may be returning.
Bitcoin Price Stuck Despite ETF Demand
Despite the fresh inflows, Bitcoin’s price has remained largely unchanged.
Current BTC Price:
- $84,000, with no significant movement in the past 24 hours
- Even over the past week, Bitcoin has been stuck in a consolidation range
What This Means:
- Historically, Bitcoin prices tend to struggle when ETF outflows are high
- While ETF inflows are a positive signal, Bitcoin needs sustained demand to push higher
- If ETF buying continues, it could act as a catalyst for the next leg up
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