Bitcoin Spot ETFs Post ₱17.93 billion ($296 million) Outflow After 4-Week Rally
Bitcoin spot ETFs snapped a four-week winning streak this week as institutional demand cooled. The reversal came after ₱133.85 billion ($2.21 billion) flowed in over the prior month, with Friday's ₱13.66 billion ($225.48 million) single-day exodus marking the largest withdrawal since March 3rd.
Key Takeaway
Institutional investors hit pause after a $2.21 billion rally, but cumulative inflows still top $55 billion.
BlackRock's IBIT fund hemorrhaged ₱9.57 billion ($158.07 million) in net redemptions last week as Bitcoin spot ETFs posted their seventh weekly outflow of 2026.
Friday alone saw $225.48 million leave the funds—the largest single-day outflow since March 3rd. Thursday and Friday combined for $396 million in withdrawals, accounting for most of the weekly damage.
Grayscale's GBTC, Bitwise BITB, and Ark/21Shares ARKB together posted $169.26 million in net outflows. VanEck's HODL shed $10.28 million while Grayscale's BTC fund lost $5.45 million. Fidelity's FBTC stood alone with $46.88 million in net inflows for the week. Five funds—Invesco BTCO, Valkyrie BRRR, WisdomTree BTCW, Franklin Templeton EZBC, and Hashdex DEFI—recorded zero net flows.
The outflow streak has now hit 15 times since the crypto bear market started in October 2025, according to SoSoValue data. Despite the recent pullback, the Bitcoin spot ETF market still holds $55.93 billion in cumulative net inflows and $84.77 billion in total net assets.
Morgan Stanley filed to launch its own Bitcoin spot ETF with a 0.14% fee—undercutting Grayscale's 0.15% rate to claim the lowest fee in the market, Bloomberg analyst Eric Balchunas reported. The financial giant, which manages $1.9 trillion in assets and holds a $251 billion market cap, said its MSBT fund would be the first Bitcoin spot ETF directly listed by a US bank. The SEC still needs to approve the proposal.
Ethereum spot ETFs fared worse, posting $206.58 million in weekly net withdrawals for the second straight week, with the Ethereum market holding $11.33 billion in total net assets as of March 30, 2026.
This article was written based on reporting from Bitcoinist.
