{"id":24556,"date":"2026-03-27T10:05:28","date_gmt":"2026-03-27T10:05:28","guid":{"rendered":"https:\/\/bitunikey.com\/news\/blackrock-fidelity-lead-bitcoin-etf-sell-off-as-btc-drops\/"},"modified":"2026-03-27T10:05:37","modified_gmt":"2026-03-27T10:05:37","slug":"blackrock-fidelity-lead-bitcoin-etf-sell-off-as-btc-drops","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/blackrock-fidelity-lead-bitcoin-etf-sell-off-as-btc-drops\/","title":{"rendered":"BlackRock, Fidelity lead Bitcoin ETF sell-off as BTC drops"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p><strong>US spot Bitcoin exchange-traded funds posted their largest daily outflows in weeks on Thursday, as Bitcoin fell below $70,000 and market risk stayed elevated.\u00a0<\/strong><\/p>\n<div id=\"cn-block-summary-block_fc2040ec1ee9a432209b799456cbe408\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>US spot Bitcoin ETFs recorded $171 million in outflows, the largest daily withdrawal since March 3.<\/li>\n<li>BlackRock, Fidelity, ARK, and Grayscale led withdrawals as Bitcoin dropped below the key $70,000 level.<\/li>\n<li>Despite Thursday outflows, US spot Bitcoin ETFs still attracted $1.36 billion in March net inflows.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>The sell-off came after a strong month for US-listed Bitcoin ETFs, which had already attracted fresh capital in March.<\/p>\n<p>US spot Bitcoin ETFs recorded $171 million in net outflows on Thursday. That marked the largest daily withdrawal since March 3, when the group lost $348 million.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>BlackRock\u2019s IBIT led the redemptions with $41 million in outflows. Fidelity\u2019s FBTC followed with $32 million, while ARK 21Shares\u2019 ARKB lost $30.5 million. Grayscale\u2019s GBTC also posted $24 million in withdrawals, <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/farside.co.uk\/btc\/\" target=\"_blank\" rel=\"nofollow\">based<\/a> on data from Farside Investors.<\/p>\n<p>The weak session interrupted a broader recovery in ETF demand this month. Sosovalue data showed that spot Bitcoin ETFs had already brought in $1.36 billion in March and were moving toward their first month of net inflows since October 2025.<\/p>\n<p>That trend showed that institutional interest had not disappeared, even as Thursday\u2019s trading pointed to caution. ETF flows often act as a clear sign of how large investors are positioning around Bitcoin.<\/p>\n<h1 class=\"wp-block-heading\"><strong>Bitcoin price drops as pressure returns<\/strong><\/h1>\n<p>Bitcoin fell below the $70,000 level on Thursday and traded near $67,780 at the time of writing. CoinGecko data <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.coingecko.com\/en\/coins\/bitcoin\" target=\"_blank\" rel=\"nofollow\">showed<\/a> the asset had dropped almost 5% over the past seven days.<\/p>\n<p>The move added pressure to ETF sentiment, as falling prices often lead to short-term withdrawals from listed crypto products. Even so, Bloomberg ETF analyst Eric Balchunas <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/EricBalchunas\/status\/2036424641925747190\" target=\"_blank\" rel=\"nofollow\">said<\/a> the market was \u201cone good day away\u201d from reversing year-to-date ETF outflows.<\/p>\n<p>Balchunas also said the funds had shown \u201cincredible fortitude\u201d during Bitcoin\u2019s 46% decline from its October 2025 all-time high of $126,198. His comments pointed to continued resilience among ETF holders despite the recent price weakness.<\/p>\n<h2 class=\"wp-block-heading\"><strong>Middle East tension keeps investors cautious<\/strong><\/h2>\n<p>Market attention also stayed fixed on geopolitical risk. Reuters <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/us-expected-send-thousands-soldiers-middle-east-sources-say-2026-03-24\/\" target=\"_blank\" rel=\"nofollow\">reported<\/a> earlier this week that the US Department of War was sending thousands of soldiers to the Middle East.<\/p>\n<p>On Thursday, President Donald Trump said the ceasefire on Iranian energy infrastructure would be <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/truthsocial.com\/@realDonaldTrump\/posts\/116297295543838717\" target=\"_blank\" rel=\"nofollow\">extended<\/a> by 10 days to April 6. He said the move followed ongoing negotiations, but traders still feared a sudden shift over the weekend.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>US spot Bitcoin exchange-traded funds posted their largest daily outflows in weeks on Thursday, as Bitcoin fell below $70,000 and market risk stayed elevated.\u00a0 Summary US spot Bitcoin ETFs recorded&hellip;<\/p>\n","protected":false},"author":1,"featured_media":5144,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-24556","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/24556","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=24556"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/24556\/revisions"}],"predecessor-version":[{"id":24557,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/24556\/revisions\/24557"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/5144"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=24556"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=24556"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=24556"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}