Bitcoin ETFs recorded an eighth consecutive day of inflows totaling $27 million, led by Blackrock’s IBIT, while ether ETFs resumed outflows, losing $3 million.
Bitcoin ETFs Continue Upward Trend With 8th Day of Successive Inflows
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Bitcoin ETFs Achieve Eighth Consecutive Day of Inflows With $27 Million Addition
Investor enthusiasm for bitcoin ETFs remained strong on Tuesday, March 25, with an additional funds inflow of $26.83 million, marking the eighth straight day of inflows.
Blackrock’s IBIT was at the forefront, attracting $42.03 million in new capital. This influx was partially offset by outflows from Bitwise’s BITB and Wisdomtree’s BTCW, which saw withdrawals of $10.06 million and $5.13 million, respectively.
The remaining nine bitcoin ETFs reported neutral activity, with no significant inflows or outflows. At the close of trading, the total value traded across bitcoin ETFs stood at $1.37 billion, maintaining total net assets around the $99 billion mark.
Conversely, ether ETFs experienced a resurgence of outflows, breaking a brief pause, with a net loss of $3.21 million. Grayscale’s Ethereum Mini Trust led the downturn, shedding $1.76 million, while Invesco’s QETH followed with a $1.45 million reduction.
The day’s total trading volume for ether ETFs reached $115 million, bringing total net assets to $7.11 billion by day’s end.
These contrasting movements highlight the divergent investor sentiment between bitcoin and ether ETFs at the moment, with bitcoin continuing to draw substantial interest, while ether faces renewed caution.
