Bitcoin ETF Weekly Inflows Drop Over 70% as Sentiment Deteriorates Ahead of April Tariffs

Bitcoin ETFs in the United States have experienced a significant drop in weekly inflows, signaling a shift in investor sentiment as the market faces mounting uncertainty. Over the past week, spot Bitcoin exchange-traded funds recorded net inflows of $196.48 million, marking a dramatic 73.6% decrease from the previous week, which saw $744.35 million in inflows. This sharp drop comes after a 10-day streak of positive inflows, which had accumulated nearly $1.07 billion into Bitcoin ETFs.

Despite the decrease in inflows, the first four days of the week (March 24-28) showed some positive momentum. Bitcoin ETFs saw inflows starting with $84.17 million on Monday, followed by $26.83 million, $89.57 million, and $89.06 million, suggesting an initial positive investor sentiment. However, this changed on Friday, March 28, when the ETFs experienced a net outflow of $93.16 million, marking the first negative day after the 10-day streak of inflows.

Among the major Bitcoin ETFs, BlackRock’s IBIT took the lion’s share of the inflows, attracting $172 million, while Fidelity’s FBTC saw inflows of $86.8 million. VanEck’s HODL also recorded modest positive momentum with $5 million in net inflows. However, some funds, including ARK 21Shares’ ARKB, Bitwise’s BITB, WisdomTree’s BTCW, and Invesco’s BTCO, faced a combined outflow of $67.4 million, indicating that not all investors were optimistic about Bitcoin’s near-term prospects.

The dip in inflows coincides with a broader negative trend for Bitcoin’s price. Currently, Bitcoin is down 11.86% in Q1 2025, trading around $81,939. This marks its worst quarterly performance since 2018 when it plummeted by 49.7%. If the selling pressure continues, Bitcoin could fall below the $80,000 mark. The recent drop is exacerbated by several macroeconomic factors, including U.S. reciprocal tariffs set to take effect on April 2 and stronger-than-expected core PCE data, which have raised concerns about a potential delay in the Federal Reserve’s planned rate cuts. These factors have added to the uncertainty in the broader market, prompting investors to take a more cautious approach.

The overall sentiment towards Bitcoin has shifted in recent days, reflecting growing caution in the market. Analysts are observing that while there is still demand for Bitcoin, investors are not showing an aggressive risk appetite, especially as the potential for continued volatility looms in the market. As Bitcoin’s price continues to battle headwinds, including the looming tariffs and broader economic concerns, it remains to be seen whether investor confidence can be restored in the short term.