Bitcoin ETFs experienced net outflows of $143 million, with major funds like Fidelity’s FBTC and Ark 21Shares’ ARKB leading the declines. In contrast, Ether ETFs ended an eight-day outflow streak, attracting $15 million in net inflows, primarily driven by Fidelity’s FETH.
Ether ETFs Break 8-Day Outflow Trend With $15 Million Inflow as Withdrawals Continue for Bitcoin ETFs
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Bitcoin ETFs See Another Day of Withdrawals With Positive Rebound for Ether ETFs
On Tuesday, Mar. 4, bitcoin exchange-traded funds (ETFs) experienced net outflows totaling $143.43 million. Conversely, ether ETFs broke their eight-day outflow streak, registering net inflows of $14.58 million.
The persistent outflows were seen on 7 of 12 U.S. spot bitcoin ETFs on Mar. 4. Fidelity’s FBTC led the outflows with $46.08 million, followed by Ark 21Shares’ ARKB, which saw $43.92 million exit the fund.
Franklin’s EZBC and Bitwise’s BITB recorded outflows of $35.71 million and $23.96 million, respectively. Invesco’s BTCO and Wisdomtree’s BTWC also faced withdrawals, losing $16.47 million and $13.07 million. In contrast, Grayscale’s BTC fund bucked the trend, attracting inflows of $35.77 million.
Ether ETFs roared back to life with a resurgence in inflows. Fidelity’s FETH led the inflows with $21.67 million, while Grayscale’s ETHE and ETH funds contributed positively, adding $10.71 million and $8.46 million, respectively. However, Blackrock’s ETHA experienced an outflow of $26.27 million, highlighting mixed sentiment among ether investors.
As of the close of trading on Mar. 4, total net assets for bitcoin ETFs stood at $99.37 billion, while ether ETFs reached $7.85 billion.
