Bitcoin Spot ETFs See $275M Inflow as Ethereum ETFs Extend 9-Day Outflow Streak

Bitcoin spot exchange‐traded funds (ETFs) posted a robust single‐day inflow of $274.59 million on March 17, showing renewed investor confidence in the world’s largest cryptocurrency.

Meanwhile, Ethereum spot ETFs saw a net outflow of $7.29 million on the same day, cementing a nine‐day streak of withdrawals, according to data from SoSoValue.

According to the latest data, BlackRock’s iShares Bitcoin Trust (IBIT) led the charge among Bitcoin products with an inflow of $42.26 million.

Fidelity’s Bitcoin ETF Pulls in $127 Million Amid Surging Institutional Demand

Fidelity’s Fidelity Bitcoin ETF (FBTC) followed closely, attracting $127.28 million in fresh capital.

ARK & 21Shares’ ARK Bitcoin ETF (ARKB) also enjoyed a significant inflow of $88.53 million, reflecting growing interest in funds managed by prominent industry names.

Two Grayscale‐sponsored offerings diverged: Grayscale Bitcoin Trust (BTC) saw a modest $14.22 million inflow, while Grayscale Bitcoin Trust (GBTC) recorded a flat $0 million change for the day.

Additional contributions came from Bitwise’s Bitwise Bitcoin Strategy ETF (BITB) with $2.30 million, and VanEck’s Bitcoin Strategy ETF (HODL) remained unchanged at $0 inflow.

Other Bitcoin ETFs—Valkyrie’s BRRR, Invesco’s BTCO, Franklin’s EZBC, and WisdomTree’s BTCW—did not register inflows, each showing $0 million on March 17.

On the Ethereum side, the daily outflow of $7.29 million was driven solely by Grayscale’s Grayscale Ethereum Trust (ETHE).

The single large redemption outweighed any modest interest in other Ether‐backed products.

BlackRock’s ETHA, Grayscale’s ETH, Fidelity’s FETH, Bitwise’s ETHW, VanEck’s ETHV, Franklin’s EZET, Invesco’s QETH, and 21Shares’ CETH all posted zero net inflows for the day.

The net result was a continuation of the recent downward trend for Ethereum‐focused vehicles, adding to growing speculation that investors are rotating capital from ETH into BTC as the latter reclaims key price levels.

Digital Asset Outflows Hit Record Streak as Investors Pull $1.7B in a Week

Digital asset investment products have now experienced outflows for the fifth consecutive week, with a total of $1.7 billion withdrawn over the past seven days.

This extends the ongoing trend to $6.4 billion in outflows since the downturn began.

It also marks 17 straight days of outflows, making it the longest negative streak on record since 2015.

Despite the bearish sentiment, year-to-date inflows remain positive at $912 million.

As a result of sustained outflows and price corrections, total assets under management (AuM) have dropped by $48 billion.

The United States was the primary source of withdrawals, accounting for $1.16 billion in outflows, which made up 93% of the total during this downturn.

Switzerland followed with $528 million in outflows, largely due to a seed investor exiting. Meanwhile, Germany bucked the trend, recording a modest $8 million in inflows.

Bitcoin remains the hardest hit, with another $978 million in outflows this week, bringing its five-week total withdrawals to $5.4 billion.

Interestingly, investors also continued to exit short-Bitcoin positions, leading to $3.6 million in outflows.

Binance suffered a major setback as well, with a seed investor’s departure nearly wiping out its AuM, leaving it with only $15 million remaining.

Ethereum and Solana also faced sell-offs, with $175 million and $2.2 million in outflows, respectively. However, XRP defied the market trend, attracting $1.8 million in inflows.

The broader crypto market wasn’t spared either, as blockchain equities recorded $40 million in outflows over the past week.

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