CoinDesk Podcast Network $171M Pulled From Bitcoin ETFs: Is Institutional Demand Cooling? | CoinDesk Daily
Mar 27, 2026
Report on a $171 million withdrawal from U.S. spot bitcoin ETFs and what that might mean for institutional interest. Recap of a regulator’s policy work on stablecoin rules and market structure. Coverage of GameStop using thousands of bitcoins as collateral for a covered-call income strategy.
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Flagship ETF Products Also Saw Withdrawals
- Major ETF products including BlackRock's IBIT, Fidelity's FBTC and GBTC all posted notable withdrawals.
- The withdrawals show that even flagship institutional products are vulnerable to short-term macro-driven redemptions.
Institutional ETF Outflows Signal Cooling Demand
- U.S. spot Bitcoin ETFs saw $171 million in outflows on Thursday, the largest single-day withdrawal in over three weeks.
- The outflow follows more than $2 billion of inflows earlier in the month and raises questions about Bitcoin holding near $70,000 amid macro pressure.
David Sachs Moves To Presidential Science Council
- David Sachs is leaving his White House czar role to join the President's Council of Advisors on Science and Technology as co-chair.
- His previous role was limited to 130 working days, and he led early crypto policy work including stablecoin legislation and market structure efforts.