Bitcoin ETFs experienced a significant inflow of $275 million, signaling a gradual recovery, while ether ETFs continued their outflow trend with a $7 million withdrawal, marking the 9th consecutive day of declines.
Bitcoin ETFs Rebound $275 Million Inflows, Ether ETFs Extend Outflows to 9th Day
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Bitcoin ETFs Bounce Back with Key Inflow as Ether ETFs Persist in Outflow Streak
After an over two weeks of persistent outflows, bitcoin ETFs experienced a notable resurgence on Monday, March 17, with a substantial inflow of $274.59 million. This positive fund movement signaled returning investor confidence in bitcoin-based exchange-traded funds.
Leading the inflows, Fidelity’s FBTC saw an impressive addition of $127.28 million. Ark 21Shares’ ARKB followed closely, attracting $88.53 million, while BlackRock’s IBIT received $42.26 million. Other contributors included Grayscale’s GBTC with $14.22 million and Bitwise’s BITB with $2.30 million. These collective inflows elevated the total net assets for bitcoin ETFs to $94.48 billion, reflecting returning bullish market sentiment.
In contrast, ether ETFs continued to face challenges, recording a net outflow of $7.29 million on the same day. This marks the 9th consecutive day of outflows for ether ETFs, indicating ongoing investor caution. The sole outflow was observed in Grayscale’s ETHE, which saw a withdrawal of $7.29 million.
Consequently, the total net assets for ether ETFs remained below the $7 billion threshold, closing at $6.77 billion.
The contrasting trends between bitcoin and ether ETFs highlight the current choppy market conditions. While bitcoin ETFs are witnessing returning inflows, ether ETFs continue to experience outflows, reflecting a more cautious approach among investors.
