Bitcoin ETFs Rebound $275 Million Inflows, Ether ETFs Extend Outflows to 9th Day
by Emmanuel Musa
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
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.
Bitcoin ETFs Rebound $275 Million Inflows, Ether ETFs Extend Outflows to 9th Day
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.
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