Bitfinex: Bitcoin ETFs Return to Net Inflows, But Bearish Bias Still Dominates

Odaily Planet Daily reports that Bitfinex said Bitcoin spot ETFs recorded net inflows of $69.4 million on March 30 and $114 million on March 31, snapping a two-week streak of net outflows. Flows remain concentrated in ARK Invest's ARKB and Fidelity's FBTC, while only limited capital has returned to BlackRock's IBIT, pointing to ongoing caution among institutions. In derivatives markets, funding rates stayed negative for most of the first quarter, suggesting shorts retained the upper hand as traders continued to pay for downside exposure. Bitfinex noted a sizable liquidation cluster sits below $66,500; a move higher could set off a short squeeze. Overall, it said confidence in the current rally remains subdued.