Spot Bitcoin exchange-traded funds (ETFs) in the U.S. experienced a sharp decline in net inflows over the past week, marking a 73.6% drop from the previous week. According to SoSoValue data, the 12 Bitcoin ETFs recorded net inflows of $196.48 million from March 24–28, a significant decrease from the $744.35 million seen in the prior week. While ETFs maintained positive inflows for the first four days of the week, totaling over $289 million, investor sentiment shifted on Friday, resulting in a $93.16 million net outflow.

BlackRock’s IBIT led the pack, attracting $172 million in inflows, followed by Fidelity’s FBTC with $86.8 million. VanEck’s HODL also saw a modest $5 million increase. However, ARK 21Shares’ ARKB, Bitwise’s BITB, WisdomTree’s BTCW, and Invesco’s BTCO experienced a combined outflow of $67.4 million. This decline ended a 10-day streak of positive inflows that brought in over $1.07 billion, the longest run of the year. Analysts noted that while demand for Bitcoin remains, investors appear hesitant to take on greater risk.

The shift in sentiment coincided with Bitcoin’s weak quarterly performance, its worst since 2018. Bitcoin is currently down 11.86% for the quarter at $81,939, surpassing the 10.83% drop seen in Q1 2020. Market uncertainty remains high, driven by upcoming U.S. reciprocal tariffs set for April 2 and stronger-than-expected core PCE data, which could delay anticipated Federal Reserve rate cuts. If selling pressure persists, Bitcoin could slip below the $80,000 mark, erasing more of its recent gains.