Bitcoin ETFs See $171M Outflows as Iran Tensions Rise

TLDR US spot Bitcoin ETFs recorded $171 million in net outflows, marking the largest daily withdrawals in three weeks. BlackRock’s IBIT led the redemptions with $41 million in outflows, followed by Fidelity’s FBTC and ARK 21Shares’ ARKB. Bitcoin traded below $70,000 during the session and declined 4.7% over the past week. Analysts linked the ETF withdrawals to rising geopolitical tensions related to the US-Israeli conflict with Iran. President Donald Trump extended the ceasefire on Iranian energy infrastructure by 10 days to April 6. U.S.-listed Bitcoin ETFs posted $171 million in net redemptions on Thursday, marking the largest daily outflow since March 3. Fund data showed broad selling across major issuers as Bitcoin price slipped below $70,000. The withdrawals followed renewed geopolitical tensions linked to the US-Israeli conflict with Iran. Bitcoin ETFs face $171 million in withdrawals US-listed spot Bitcoin ETFs recorded $171 million in outflows on Thursday, according to Farside Investors data. This marked their heaviest redemptions since March 3, when funds lost $348 million. The pullback interrupted steady inflows recorded earlier this month. BlackRock’s iShares Bitcoin Trust (IBIT) led the withdrawals with $41 million exiting the fund. Fidelity’s Wise Origin Bitcoin Fund (FBTC) followed with $32 million in redemptions. ARK 21Shares Bitcoin ETF (ARKB) posted $30.5 million in outflows, while Grayscale’s Bitcoin Trust (GBTC) lost $24 million. The withdrawals came after Bitcoin ETFs attracted $1.36 billion in net inflows during March. Sosovalue data showed the funds remain on track for their first net accumulation month since October 2025. That month recorded $3.42 billion in net inflows across US products. Senior Bloomberg ETF analyst Eric Balchunas commented on the recent volatility. He said the funds are “one good day away” from reversing year-to-date outflows. He also described the ETFs as showing “incredible fortitude” during Bitcoin’s 46% correction fr...