Spot Bitcoin exchange-traded funds experienced a net outflow of approximately $52 million yesterday, while spot Ethereum ETFs saw a net outflow of roughly $42 million, marking a reversal in investor sentiment after a period of stronger inflows.
The outflows contrast with the previous week's performance, which ran from March 16 to March 20. During that five-day stretch, spot Bitcoin ETFs accumulated net inflows of approximately $767.33 million, demonstrating significant institutional appetite for the world's largest cryptocurrency by market capitalization. Ethereum products, however, posted net outflows of approximately $59.94 million over the same weekly period, suggesting diverging investor positioning between the two leading digital assets.
The recent outflow pattern may reflect profit-taking following Bitcoin's strong weekly performance or tactical rebalancing ahead of potential macroeconomic developments. Ethereum's sustained weakness in ETF flows indicates traders are favoring Bitcoin exposure over altcoin exposure at current valuations.