Bitcoin ETFs See $13.33M Inflow, Ending 7-Day Outflow Streak

On March 12, Bitcoin spot ETFs saw a notable shift in investor sentiment, with a net inflow of $13.33 million. This marked the end of a seven-day outflow streak, suggesting a potential stabilization in the market. The inflow boosted the cumulative total net inflow to $35.42 billion. This positive movement came after a period of negative momentum, with the previous day seeing a net outflow of $371 million.

The inflows were primarily driven by Ark 21Shares' ARKB, which recorded an inflow of $82.60 million. Other significant inflows included BTC (Grayscale) with $5.51 million. However, BlackRock’s IBIT experienced an outflow of $47.05 million, and Grayscale Bitcoin Trust ETF faced a small outflow of $11.81 million. fidelity physical Bitcoin ETP (Primary Ticker FBTC) remained stable with no inflows or outflows. Smaller funds like BITB, hodl, and BRRR had modest inflows, indicating a mixed sentiment in the market.

As of March 12, the total value traded reached $2.01 billion, and the net assets of the spot ETFs amounted to $92.45 billion, which is 5.61% of the total Bitcoin market cap. This suggests that despite the recent outflows, there is still significant interest and investment in Bitcoin ETFs.

In contrast, Ethereum spot ETFs saw a net outflow of $10.4 million on the same day, continuing a recent trend of negative inflows. ETHA (BlackRock Ethereum ETF) showed no inflows or outflows, maintaining a steady cumulative net inflow of $4.20 billion. ETHE (Grayscale Ethereum Trust ETF) experienced a small outflow of $3.54 million, reducing its cumulative total net inflow to $606.14 million. Fidelity Ethereum ETF recorded a modest inflow of $3.75 million, bringing its cumulative net inflow to $1.43 billion. ETHW (Bitwise Ethereum ETF) and ETHV (VanEck Ethereum ETF) remained stable, with no inflows or outflows, keeping their cumulative net inflows at $320.26 million and $136.39 million, respectively. The total value traded across all Ethereum spot ETFs for the day was $299.41 million, with total net assets amounting to $6.66 billion, representing 2.92% of Ethereum’s market cap.

The recent trends in Bitcoin and Ethereum ETFs reflect the broader market sentiment, with Bitcoin showing signs of recovery while Ethereum continues to face challenges. The mixed sentiment in the market is evident in the varied performance of different ETFs, with some experiencing inflows while others face outflows. This highlights the need for investors to carefully monitor the market and make informed decisions based on the latest data and trends.