Bitcoin ETF Bulls Tap the Brakes as Bitwise Sees Fresh Outflows
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Bitwise Bitcoin ETF Trust’s BITB posted outflows of $17.18 million on March 20, 2026, marking another withdrawal of capital from the once red-hot spot Bitcoin fund. With assets under management at roughly $2.71 billion, the latest redemptions represent about 0.63% of the ETF’s asset base, a meaningful but not yet destabilizing pullback for the vehicle.
The related asset, BTC-USD, is currently trading at $68,768.13 after a volatile quarter that has seen the cryptocurrency lose about 19.86% over the past three months. Short-term momentum remains weak, with a 1-day technical signal of Sell, suggesting some investors are locking in gains or cutting risk rather than buying the dip through spot ETFs.
The combination of declining prices and ETF outflows underscores a shift from the euphoric inflows that accompanied the initial wave of spot Bitcoin approvals. Still, with billions in AUM, BITB retains a substantial investor base that could reengage quickly if macro conditions stabilize or Bitcoin resumes its longer-term uptrend. For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.