The spot Bitcoin ETFs in the US have just recorded their first weekly net outflows since mid-February, with $296.18 million leaving the products during the week ending March 27. This movement marks a clear pause after several weeks of consistent inflows and contributed to last week's drop to $65,000 – although BTC has already recovered and returned to above $67,000.
A more detailed analysis of the market data shows a subtle rotation happening behind the scenes. The institutional money that flooded the ETFs earlier this year now seems to be taking some profits and reallocating resources to entirely new Web3 projects that offer more than passive exposure and limited upside potential.
A more detailed analysis of the market data shows a subtle rotation happening behind the scenes. The institutional money that flooded the ETFs earlier this year now seems to be taking some profits and reallocating resources to entirely new Web3 projects that offer more than passive exposure and limited upside potential.