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BlackRock’s Bitcoin, Ethereum Spot ETFs Log $443M Weekly Outflows as Sell-Off Deepens
BlackRock saw substantial withdrawals from its spot crypto exchange-traded funds over the past week as the market-wide sell-off persisted. Data shows the asset manager’s Bitcoin (BTC) and Ethereum (ETH) spot ETFs posted roughly $443 million in combined net outflows.
Most of the redemptions were concentrated in BlackRock’s Bitcoin ETF, IBIT, which saw about $158 million leave over five trading sessions. The week opened with a $160.8 million inflow on March 23, pointing to early institutional buying interest, but flows quickly turned negative. IBIT posted a $70.7 million outflow on March 25, followed by another $41.9 million on March 26. Pressure intensified late in the week, culminating in a $201.5 million single-day outflow on March 27, wiping out earlier gains and pushing weekly flows into the red.
BlackRock’s ETHA suffers deeper, steadier withdrawals
Outflows were larger and more consistent in ETHA, BlackRock’s Ethereum ETF, which recorded about $285.1 million in net withdrawals for the week. Unlike Bitcoin, ETHA experienced selling every day. The biggest one-day outflow came on March 26, when $140.2 million exited, followed by another $70.8 million on March 27. Earlier losses included $25 million on March 24, $33.4 million on March 25, and $15.7 million on March 23, underscoring a sustained and accelerating pullback.
The contrast between the two products stood out despite broader market weakness. Bitcoin ETFs still attracted occasional inflows, suggesting residual institutional demand or dip-buying. Ethereum ETFs, by comparison, showed uninterrupted redemptions, pointing to softer conviction and a sharper demand retrenchment.
Across the wider spot crypto ETF landscape, daily totals for both Bitcoin and Ethereum products were largely negative. Sporadic inflow days failed to alter the overall direction.
The week’s flow pattern reflects a market leaning toward risk reduction amid elevated uncertainty. Bitcoin has held support near $65,000, while Ethereum has struggled to stay above $2,000.
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