Bitcoin ETF Outflows Extend to Fifth Week as Investors Pull Back $5.4 Billion

TLDR

• Bitcoin ETFs recorded five consecutive weeks of outflows totaling $5.4 billion, nearly erasing 2025’s net inflows
• BlackRock’s IBIT led withdrawals with $338.1 million in outflows, followed by Fidelity’s FBTC with $307.4 million
• Bitcoin’s price decline of 11.95% in the last month correlates with reduced investor confidence
• Ethereum ETFs are facing similar challenges with $189.9 million in outflows last week
• Asset managers are exploring altcoin ETFs for Litecoin, Ripple, Solana, and Dogecoin as alternatives

Bitcoin ETFs are experiencing a rough start to 2025, with investors pulling out money for the fifth straight week. The U.S. spot Bitcoin ETF market has seen $921.4 million in net outflows in the past week alone. This brings the total withdrawals to about $5.4 billion over the five-week period.

BlackRock’s IBIT fund was hit hardest last week. Investors withdrew $338.1 million from this fund. Fidelity’s FBTC was close behind with $307.4 million in outflows.

Other Bitcoin ETFs also saw money leaving. Ark’s ARKB, Invesco’s BTCO, Franklin Templeton’s EZBC, WisdomTree’s BTCW, and Grayscale’s GBTC each had outflows between $33 million and $81 million.

Some funds saw smaller outflows. Bitwise’s BITB, Valkyrie’s BRRR, and VanEck’s HODL each had net outflows under $4 million. Only one fund bucked the trend: Grayscale’s BTC managed to attract $5.5 million in new investments.

Bitcoin ETF Flow (US$m)

The continuous outflows have almost wiped out the year’s gains. Data from SoSoValue shows that cumulative net inflows now stand at $35.20 billion. This is barely above the $35.00 billion recorded on the first trading day of 2025.

February was a tough month for Bitcoin ETFs. Only five days in February saw positive inflows. March has been even worse, with only one day of positive inflows so far.

The total value of these funds has dropped by nearly 25% from their peak in late January. Assets under management (AUM) for Bitcoin ETFs have seen a small recovery recently. This is mainly due to a 10% increase in Bitcoin’s price.

Bitcoin ETF Flow (US$m)

However, this price boost hasn’t been enough to stop the ongoing outflows. On March 11th, Bitcoin ETFs saw net withdrawals of $371 million. This marked the seventh day in a row of money flowing out.

The recent withdrawals from Bitcoin ETFs may be linked to Bitcoin’s price movements. Over the last month, Bitcoin has fallen by 11.95%, reaching lows of $77,000. Bitcoin is currently trading at around $84,009.

Due to falling prices and outflows, the total net assets of Bitcoin Spot ETFs have decreased by 21.70%. They now stand at $89.89 billion according to SoSoValue data.

Ethereum ETF Flows

Ethereum ETFs are facing similar issues. They recorded $189.9 million in net outflows last week. This marks their third straight week of withdrawals.

In total, Ethereum ETFs have seen $645.08 million in outflows over this three-week period. Like with Bitcoin, BlackRock’s Ethereum ETF (ETHA) saw the largest withdrawals at $63.3 million.

Currently, the total money invested in Ethereum ETFs stands at $2.52 billion. The total net assets are $6.72 billion, which is about 2.90% of Ethereum’s market cap. Ethereum is trading at $1,924, up 0.73% in the past day.

Other Assets

As Bitcoin ETFs struggle, attention is turning to altcoin ETFs. Asset managers are looking to create ETFs for other major cryptocurrencies. These include Litecoin (LTC), Ripple (XRP), Solana (SOL), and Dogecoin (DOGE).

These altcoins have grown more popular with investors. ETFs focused on them could provide alternatives to Bitcoin funds. Proposed funds might also include assets like Polkadot (DOT), Axelar (AXL), and Avalanche (AVAX).

This push for altcoin ETFs shows growing interest in expanding beyond Bitcoin. Analysts believe Litecoin, Ripple, Solana, and Dogecoin are most likely to get approval first. These coins have established market presence and larger investor communities.