Bitcoin ETFs See $348.9M Outflows After Strong Three-Day Inflow Streak

Highlights:

• U.S. spot Bitcoin ETFs saw $348.9 million in outflows after three strong sessions.
• Spot Ethereum ETFs also turned lower, which shows caution across crypto investment products.
• As ETF demand weakened, Bitcoin whales sold holdings while small investors kept buying.

U.S. spot Bitcoin exchange-traded funds saw a sharp reversal on March 6, as total daily net outflows reached $348.9 million. This was the biggest one-day withdrawal since early February. The drop came right after a strong three-day recovery, during which these funds had recorded more than $1.14 billion in total inflows.

Advertisement

🩸JUST IN: SPOT $BTC ETFS OUTFLOW SURPASSES $300M FOR THE FIRST TIME SINCE FEBRUARY 2, 2026

Spot Bitcoin ETFs recorded $348.9 million in outflows on March 6, 2026, the largest single-day net exit since early February.

Fidelity's FBTC at -$158.5 million and BlackRock's IBIT at… pic.twitter.com/K6wD8oEL8q

— BSCN (@BSCNews) March 7, 2026

Bitcoin ETFs See Major Outflows After Recent Rally

According to data from Farside Investors, Fidelity’s FBTC led the outflows with $158.5 million, while BlackRock’s IBIT followed with $143.5 million in withdrawals. Other funds also saw smaller redemptions, including Bitwise’s BITB with $22.2 million, ARKB with $4.5 million, VanEck’s HODL with $5.8 million, Grayscale’s GBTC with $9.6 million, and Grayscale’s mini Bitcoin ETF with $4.8 million. No fund posted any meaningful inflow that could balance the losses. 

The large outflow on Friday shows that institutions and other big investors may have stepped back after Bitcoin’s recent rebound. The drop looked even more notable because it came right after a strong three-day stretch. Farside data shows spot Bitcoin ETFs brought in $458.2 million on March 2, $225.2 million on March 3, and $461.9 million on March 4. That pushed total inflows for the three sessions to about $1.145 billion before the sudden turnaround. However, that momentum did not continue on Friday. Instead, the market turned cautious again. 

The timing made the outflows more noticeable. Bitcoin had recently moved back above $70,000 and briefly traded near $73,000 earlier in the week. However, by March 6, the rally had slowed, and the price slipped back toward the $67,000 to $70,000 range. That softer move may have led some investors to secure gains from the recent rise. In a fast-moving market, ETF flows can change quickly when traders turn cautious and cut exposure after a strong rally.

Spot Ethereum ETFs Also Face Withdrawals

U.S. spot Ethereum ETFs also ended March 6 in negative territory. According to Farside Investors, these funds recorded $82.9 million in net outflows for the day. Fidelity’s FETH led the decline with $67.6 million in withdrawals, while BlackRock’s ETHA saw $4.8 million leave the fund. This showed that the weakness was not limited to Bitcoin products. Investors also pulled back from Ethereum ETFs after the recent market rebound.

Whales Sell While Small Investors Keep Buying Bitcoin

Meanwhile, fresh market data suggests the selling pressure may not be over. Retail investors have kept buying Bitcoin after it slipped below $70,000, but whale activity still points to possible downside if earlier patterns play out again. In a report published Friday, crypto analytics platform Santiment said large holders began taking profits as soon as Bitcoin touched $74,000. The firm added that wallets holding between 10 and 10,000 Bitcoin had accumulated heavily between Feb. 23 and March 3, when Bitcoin traded between $62,900 and $69,600. 

Since Wednesday, when Bitcoin moved above $70,000 and reached $74,000, these large holders have sold about 66% of the Bitcoin they bought recently, Santiment said. At the same time, retail investors holding less than 0.01 Bitcoin have continued adding to their positions. This trend shows that smaller investors are still buying the dip. However, continued selling from whales could keep Bitcoin under pressure.

Advertisement