On March 31, spot Bitcoin ETFs recorded a combined net outflow of $60.6 million. IBIT posted an inflow of $15.1 million, while BITB had an outflow of $19.9 million. ARKB lost $23.2 million, and BTCW shed $32.6 million. Other issuers showed zero net activity. These flows followed the $93.2 million outflow on March 28, which ended a 10-day streak of positive inflows.
On April 1, total net outflows rose to $157.8 million. FBTC registered a $85.4 million outflow, reversing the pattern seen with IBIT a day earlier. BITB swung to a positive $24.5 million compared to its March 31 outflow. ARKB dropped $87.4 million. EZBC saw a $7.4 million inflow. BTCW lost $6.8 million, adding to its prior day outflow. GBTC recorded a $10.1 million outflow, and all other issuers stayed flat.
These consecutive red days mark a departure from the earlier stretch between March 17 and 27, when nearly all funds accumulated inflows. That positive run built on steady optimism, but the $93.2 million drawdown on March 28 has now extended into additional negative sessions. While a handful of ETFs registered inflows on March 31 and April 1, their gains did not offset the larger losses at other funds.
The data for both days indicate investor appetite for Bitcoin ETFs has cooled. Funds with inflows were isolated, while those with outflows contributed to a net decline. This leaves the market with two straight red days, confirming a shift away from the previously consistent inflows seen during mid-March.
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