Bitcoin ETFs Maintain Inflow Momentum As Ether ETFs Face 11th Day of Outflows
by Emmanuel Musa
Bitcoin ETFs experienced a fourth consecutive day of inflows, adding $12 million, with Bitwise’s BITB leading the gains. In contrast, ether ETFs recorded their 11th straight day of outflows, losing $12 million, predominantly from Blackrock’s ETHA.
Bitcoin ETFs Maintain Inflow Momentum As Ether ETFs Face 11th Day of Outflows
Bitcoin ETFs Attract $12 Million Inflows As Ether ETFs See Continued Withdrawals
Midweek trading action continued to produce mixed results for bitcoin and ether ETFs. Wednesday, Mar. 19 marked the fourth consecutive day of net inflows for bitcoin ETFs, with a total of $11.80 million added to these funds.
Bitwise’s BITB led the charge, attracting $12.09 million. Grayscale’s GBTC and BTC funds also saw positive movements, with inflows of $5.41 million and $4.54 million, respectively. However, Invesco’s BTCO experienced an outflow of $10.24 million, slightly offsetting the day’s gains. The remaining eight ETFs remained stable, with no significant inflows or outflows reported.
Bitcoin ETFs Maintain Inflow Momentum As Ether ETFs Face 11th Day of Outflows
Ether ETFs continued their downward trend, marking the 11th consecutive day of net outflows, totaling $11.75 million. Blackrock’s ETHA was the most affected, with a $12.94 million exit. Grayscale’s ETH and Fidelity’s FETH also faced outflows of $7.65 million and $2.03 million, respectively.
On a brighter note, Grayscale’s ETHE and 21shares’ CETH recorded inflows of $10.16 million and $711.86k, respectively, providing a slight cushion against the day’s overall outflows.
At the end of the trading day, bitcoin ETFs closed with $95.75 billion in total net assets while ether ETFs closed with $7.01 billion in total net assets.
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