Bitcoin ETFs continued their positive momentum on March 18, with a $209 million inflow, primarily driven by Blackrock’s IBIT. In contrast, Ether ETFs faced a $53 million outflow, marking the tenth consecutive day of withdrawals.
Blackrock's IBIT Leads Bitcoin ETF Inflows as Ether Funds Continue to Decline
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Bitcoin ETFs Secure $209M Inflows Amid Ongoing Ether ETF Outflows
The positive inflows for bitcoin exchange-traded funds (ETFs) continued on Tuesday, March 18, attracting $209.12 million in new capital. This marks the second consecutive day of inflows for bitcoin ETFs, signaling a strong recovery of investor confidence with over $400 million of inflows over the past two days.
In contrast, ether ETFs experienced a net outflow of $52.82 million, extending their streak of withdrawals to ten consecutive days.
The day’s inflows for bitcoin ETFs were predominantly driven by Blackrock’s IBIT, which saw an impressive addition of $218.12 million. This substantial investment highlights the fund’s strong position in the market. Conversely, ARK 21shares’ ARKB experienced a minor outflow of $9 million, a slight deviation that did not significantly impact the overall positive trend. The remaining ten bitcoin ETFs reported no net flows, maintaining stability across the board.
For ether ETFs, challenges continued, with significant outflows recorded across major funds. Blackrock’s ETHA led the downturn with a $40.17 million withdrawal. Grayscale’s ETH and Fidelity’s FETH also reported outflows of $9.33 million and $3.32 million, respectively.
These consistent outflows reduced the total net assets for ether ETFs to $6.56 billion, reflecting a $200 million decline from the previous day’s close.
The returning inflows into bitcoin ETFs suggest that investor confidence is growing again, possibly influenced by recent market dynamics and positive sentiment. On the other hand, the continued outflows from ether ETFs indicate a cautious approach among investors, potentially due to ETH’s declining price action.
