Spot Bitcoin ETFs in the U.S. experienced outflows on March 3 as Bitcoin retreated due to trade tensions and skepticism over a U.S. crypto reserve fund. Data from SoSoValue showed that 12 spot Bitcoin ETFs saw $74.19 million leave the funds, following a previous day of net inflows totaling $94.34 million. Outflows were led by BlackRock's IBIT and Grayscale's GBTC, while ARK and 21Shares' ARKB saw net inflows. The total daily trading volume for these products stood at $5.99 billion, and total net inflows since their launch amounted to $36.97 billion. In addition, nine Ethereum ETFs recorded outflows for the eighth consecutive day, with BlackRock's ETHA leading the negative flow. The outflows coincide with a risk-off sentiment related to trade tensions and concerns over the U.S. crypto reserve plan. Bitcoin retraced 9.5% to trade at $84,011, and Ethereum dropped 13.8% to $2,098. However, crypto research strategist Matt Mena believes the market reaction is driven by an overreaction and that these developments are laying the groundwork for long-term growth and financial integration.



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