Spot Bitcoin ETFs See $171M Exit In Biggest Daily Outflow In Three Weeks Amid BTC’s Ongoing Slump ⋆ ZyCrypto

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On Thursday, U.S. spot Bitcoin exchange-traded funds posted their largest daily net outflows in three weeks as investors feared another weekend escalation in the US-Israel conflict with Iran.

Bitcoin ETFs Shed $171 Million

Spot Bitcoin ETFs logged $171.2 million in withdrawals across seven funds, their biggest one-day outflow since March 3, when they posted $348 million in outflows, according to SoSoValue.

BlackRock iShares Bitcoin Trust ETF (IBIT) recorded the largest outflows at $41 million, followed by Fidelity Wise Origin Bitcoin Fund (FBTC) with $32 million. ARK 21Shares Bitcoin ETF (ARKB) saw $30.5 million in withdrawals, while Grayscale Bitcoin Trust ETF (GBTC) posted $24 million in outflows.

The downturn comes after a strong stretch of inflows, during which the funds drew in over $2 billion from late February through mid-month. Since then, momentum has cooled, with just $95.8 million added last week and net outflows of $70.71 million recorded so far this week.

The slowdown in flows may signal that institutional Bitcoin investors are turning cautious, potentially hedging against rising geopolitical tensions tied to the U.S.–Israel–Iran conflict.

U.S.-listed spot Bitcoin ETFs are widely seen as a gauge of institutional demand for Bitcoin, which plummeted below $67,000 on Friday for the first time since March 9. The cryptocurrency declined 6.3% over the past week and was trading hands at $66,271 at press time, according to CoinGecko.

“Indeed seeing the market derisking into the weekend as expected and as we’ve been seeing several weeks now,” trader Daan Crypto Trades noted. “Eyes on that $65.6K low from last week Monday. Main area to watch for me will be the range low. Seeing there’s still quite a bit of liquidity around that area.”

Still, Bitcoin ETFs are just “one good day away” from flipping back to positive year-to-date flows, according to Bloomberg’s senior ETF analyst Eric Balchunas, who recently touted their “incredible fortitude” despite Bitcoin’s 47% drawdown from its $126,080 peak in October 2025.