Key Points
- Spot Bitcoin ETF inflows have ended as the value of Bitcoin fell below $80,000.
- US Spot Bitcoin ETFs recorded a net outflow of $143.3 million on March 13.
Bitcoin’s spot ETF inflows have come to a halt as the leading cryptocurrency’s value has slipped below the $80,000 threshold.
Spot Bitcoin ETFs’ Performance
In the US, Spot BTC ETFs noted a net outflow of $143.3 million on March 13. This ended the one-day inflow of $13.3 million recorded on March 12. The data was provided by SoSoValue, and it was noted that the total trading volume of these investment products exceeded $2.5 billion.
Fidelity’s FBTC fund led the outflows with $75.5 million, followed by ARK 21Shares’ ARKB ETF, which had an outflow of $60.2 million. WisdomTree’s BTCW and Grayscale’s GBTC also saw outflows of $14.5 million and $12.7 million, respectively.
BITB, BRRR, and EZBC also experienced a combined outflow of approximately $26 million.
Contrarily, BlackRock’s IBIT ETF saw an inflow of $45.7 million after five consecutive trading days of outflows.
Ethereum ETFs and Bitcoin Demand
Spot Ethereum ETFs based in the US continued their downward trend with a net outflow of $73.6 million. This marked the seventh consecutive day of outflows for these investment products.
These outflows have led to a sideways momentum for the top two cryptocurrencies, BTC and ETH, as investors adopt a cautious approach to the asset class.
According to Ki Young Ju, the CEO of the crypto analytics platform CryptoQuant, Bitcoin’s consolidation could be due to the lack of intense individual and institutional demand.
Young Ju’s post indicated that Bitcoin’s apparent demand, an indicator showing the difference between BTC’s mining issuance and the change in supply inactive for a year, has significantly decreased since reaching an ATH of $109,000 in January 2025.
The chart shows that spikes in Bitcoin’s apparent demand have been associated with strong bullish momentum. In the current situation, a price consolidation would be expected unless a major catalyst pushes the Bitcoin price.
According to CoinMarketCap, Bitcoin is down by 1.2% in the past 24 hours and is trading around $82,300 at the time of writing. The BTC daily trading volume also decreased by $22%, reaching $29 billion.
