US Bitcoin ETF sees $296 million weekly outflow as global cryptocurrency funds see inflows for four consecutive weeks
U.S. spot Bitcoin exchange-traded funds recorded net outflows of $296 million for the week ending March 27, reversing a recent positive trend, according to SoSoValue data. The change in fund flows reduced the ETF’s total net assets by 7.5%, from a high of $91.7 billion on March 23 to $84.8 billion at the close Friday.
The global digital asset investment vehicle recorded outflows of $414 million during the same week, marking its first net withdrawal in five weeks, CoinShares head of research James Butterfill said in a report Monday. He explained that the outflow was caused by investor concerns that the Iran conflict would become increasingly protracted and inflation rising, as well as FOMC interest rate expectations shifting from a rate cut to a rate hike in June.
Total assets under management across global funds fell to $129 billion, a level last seen in early February and broadly similar to April 2025 during the early stages of Trump’s tariffs, the report said.
Regionally, negative sentiment was concentrated in the United States, which saw outflows of $445 million, while funds in Germany and Canada saw inflows of $21.2 million and $15.9 million, respectively, as some investors bought the dip. According to the report, Switzerland recorded a small outflow of $4 million.
Meanwhile, Ethereum investment products recorded the largest withdrawals globally at $222 million, pushing annual flows to $273 million, the weakest net outflows among major digital assets.
Bitcoin-focused funds recorded net outflows of $194 million globally during the week, but remain in positive territory with net inflows of $964 million year to date, according to CoinShares. Short Bitcoin instruments added $4 million in inflows.
The weekly outflow of U.S. spot Bitcoin ETFs was driven by a $225.5 million outflow that occurred on March 27, according to SoSoValue data. This was the biggest daily hemorrhage of the week. BlackRock’s IBIT fund lost $201.5 million on the day alone, the largest single fund outflow in a five-day trading period.
chart expansion
The volatility is due to mid-week price swings in which Bitcoin briefly topped $71,000 before falling back to $65,000 on Friday, The Block’s BTC price page shows. The largest cryptocurrency was trading at $67,376 on Monday morning, after rising 1.4% in the past 24 hours.
Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.
© 2026 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.
