google.com, pub-9033162296901746, DIRECT, f08c47fec0942fa0
8.4 C
New York
Monday, March 30, 2026

Bitcoin Spot ETFs Post Third-Largest Weekly Exit Move, Is a Short-Term Correction on the Horizon?

Bitcoin Spot ETFs saw $1.22 billion in investments exit last week alone, the third largest weekly wave of outflows on record.

$558.4 million was withdrawn from the funds on Friday alone, the largest daily outflow since August according to SoSoValue data. This development comes in light of continued market fluctuations and pressures from macroeconomic conditions.

Data showed that BlackRock’s IBIT fund led the exit movement, followed by Fidelity’s FBTC fund and Grayscale’s GBTC fund.

However, the price of Bitcoin (BTC) rose today Monday above $106,000, an increase of 4.4% in 24 hours, according to what was reported by the site Cryptonews, and the largest digital currency is trading at $106,166.5 at the time of publication of this news.

The hemorrhage of ETFs is increasing: long-term bearish signal or short-term correction?

The volume of investments in Bitcoin Spot ETFs in the United States provides a clear indication of evolving Bitcoin investment trends. Therefore, market analysts believe that the recent exit movement should not be interpreted as a long-term bearish signal, but rather as a period of relative stability.

On this subject, Przemysław Kral, CEO of European crypto platform Zondacrypto, made a statement in which he told Cryptonews that these large withdrawals from Bitcoin ETFs indicate “profit taking by institutions.”

Additionally, several factors have contributed to the recent high pace of withdrawals, including global economic uncertainty including inflation figures, rising interest rates by central banks, and geopolitical tensions that continue to generate waves of risk aversion among investors.

Analysts on the Bitfinex platform estimate that the price of Bitcoin moved towards $125,000 in early October thanks to a strong movement of investments entering ETF funds, but macroeconomic shocks, in addition to profit-taking operations, hampered this upward trajectory.

“For the uptrend to return, investments flowing into funds must exceed $1 billion per week, and the economy as a whole must see more accommodative policies,” the analysts conclude.

The price of Bitcoin is decreasing due to the exit of investments from Bitcoin Spot ETFs.

Bitcoin Spot ETF issuers previously reported an exit move for the second consecutive week last June, followed by a decline in the currency’s value below $100,000. In a similar scenario, the net investments of these funds over the past week amounted to $1.22 billion, which caused the price of Bitcoin to fall below $100,000.

Similarly, Ethereum Spot ETF issuers saw an outflow of $508.2 million in the week ending November 7. Subsequently, the price of Ethereum (Ethereum-ETH) fell to its lowest level on November 4, reaching $3,058, before rising back above $3,400. Now, Ethereum is trading at $3,614, an increase of 6% in the last 24 hours.

Post Bitcoin Spot ETFs See Third Largest Weekly Exit Move, Is a Short-Term Correction on the Horizon? appeared first on Cryptonews Arabic.

Related Articles

Latest Articles