Key Takeaways
- Spot Bitcoin ETFs hold $91.97 billion in net assets, representing 5.65% of BTC’s market cap.
- Bitcoin is trading at $83,669, up 1.12% in the past 24 hours; ETH is up 5.98% at $2,011.
- Ethereum ETFs command $6.56 billion in net assets or 2.85% of ETH’s market cap.
U.S. spot Bitcoin (BTC) exchange-traded funds (ETFs) have posted their largest inflows in weeks amid a persistent crypto market correction. Meanwhile, Ethereum (ETH) funds continue to see outflows, though at a slowing pace.
That said, ETH outflows have slowed considerably, and daily trading volumes of BTC and ETH funds have declined, suggesting a period of investor caution.
Bitcoin ETFs
As per SoSoValue data, Bitcoin ETFs are returning to form after posting $209.12 million in daily net inflows on March 18, marking day three of a renewed inflow streak.
That brings this week’s total to $483.71 million, following a five-week streak of exits that saw over $5 billion in net outflows from BTC funds.
Only two funds saw movement.
BlackRock’s iShares Bitcoin Trust (IBIT), the leading fund, recorded $218.12 million in net inflows, bringing its cumulative net inflows to $39.5 billion and net assets to $46.79 billion.
On the downside, the ARK 21Shares Bitcoin ETF (ARKB) shed $9 million in net outflows, bringing its cumulative net inflows to $2.67 billion and net assets to $3.97 billion. It ranks third and fourth in these categories, respectively.
Ethereum ETFs
Ethereum ETFs have yet to break free from sustained outflows, recording $52.82 million in daily net outflows, according to SoSoValue . This marks the tenth consecutive day of outflows, now totaling over $693 million.
BlackRock’s iShares Ethereum Trust (ETHA) saw the largest outflow, losing $40.17 million. Despite this, it remains the top-performing Ethereum ETF with $4.11 billion in cumulative net inflows and $2.29 billion in net assets.
Interestingly, this small decline has allowed the Grayscale Ethereum Trust (ETHE) to surpass ETHA in net assets despite accumulating $4.18 billion in cumulative net outflows.
The Grayscale Ethereum Mini Trust recorded $9.33 million in net outflows, bringing its cumulative net inflows to $591.59 million.
Fidelity’s Ethereum ETF (FETH) followed with $3.32 million in net outflows. FETH remains the second-best performing ETH fund with $1.42 billion in cumulative net inflows and ranks fourth in net assets at $760.52 million.
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