Bitcoin ETF Outflows Hit $171 Million as Institutional Demand Slows

Investors withdrew $171.12 million from 11 U.S.-listed spot Bitcoin exchange traded funds in a single day, marking the largest outflow recorded in more than three weeks. The withdrawal suggests that institutional demand is beginning to cool after a strong start earlier in the month.

Several major funds reported notable outflows. One of the largest withdrawals reached $41.92 million, while other leading products posted losses ranging between $20 million and $30 million each. This shift follows a period of steady inflows that previously strengthened Bitcoin’s market support.

Recent ETF Flow Trends Raise Questions on Bitcoin Stability

The recent slowdown comes after these investment products attracted more than $2 billion between late February and mid-March. However, inflows weakened to $95.8 million last week, followed by $70.71 million in net outflows so far this week.

Spot Bitcoin ETFs, introduced in January 2024, allow investors to gain price exposure without directly holding Bitcoin. The decline in inflows raises concerns about Bitcoin’s ability to remain stable near the $70,000 level as macroeconomic uncertainty continues.

At the time of writting $BTC trades on 67,700;

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