Bitcoin ETF Redemptions Linked to Financial Sentiment and Mortgage Rates

March data connected a preliminary University of Michigan sentiment reading of 55.5 to U.S. spot Bitcoin ETF net redemptions totaling $90.2 million on March 19. According to NS3.AI, this situation highlights Bitcoin's sensitivity to tighter financial conditions. Additionally, the average U.S. 30-year fixed mortgage rate increased to 6.22%, influenced by rising gasoline prices that contributed to inflation expectations.