Bitcoin exchange-traded funds (ETFs) have experienced a positive shift in their investment flows, ending a streak of several weeks of outflows, coinciding with Bitcoin stabilizing above $85,000, a level analysts see as pivotal for continuing an upward trend.
Data from SoSoValue shows that 12 Bitcoin ETFs recorded net inflows of $744.35 million during the week from March 17 to 21, indicating a return of investors to pumping money into digital assets after a period of decline. The inflows were positive throughout the week, starting at $274.59 million on Monday, rising to $209.12 million on Tuesday, recording $11.8 million on Wednesday, before jumping again to $165.75 million on Thursday, and wrapping up the week at $83.09 million on Friday.
The iShares Bitcoin Trust (IBIT) of BlackRock was the biggest beneficiary, attracting $537.5 million in inflows, followed by the Fidelity Wise Origin Bitcoin Trust (FBTC), which drew in $136.5 million.
Other funds, such as ARKB from ARK 21Shares, the Grayscale mini Bitcoin Trust, and VanEck's HODL, also saw positive inflows of $79.5 million, $23.9 million, and $11.9 million respectively.
However, despite this increase in inflows, some funds are still recording outflows, with BITB (Bitwise), BTCO (Invesco), EZBC (Franklin Templeton), and GBTC (Grayscale) posting a combined loss of $45 million during the week.
This recovery follows five weeks of negative inflows totaling $5.4 billion, driven by uncertainty in global markets, especially with former President Donald Trump's threats of new tariffs, leading investors to shy away from high-risk assets like cryptocurrencies. However, the picture has changed recently as Trump softened his remarks regarding reciprocal tariffs that were scheduled to be announced on April 2, easing fears of a full-blown trade war.
At the same time, the U.S. Federal Reserve indicated the possibility of delaying any new interest rate decisions, which bolstered investor sentiment towards Bitcoin, which rose by 4.4% last week, reaching a market capitalization of $1.72 trillion and currently trading at $86,918.
