Bitcoin ETFs End $1.5 Billion Outflow Streak, Ethereum Fund Exits Ongoing

Key Takeaways

• U.S. spot Bitcoin ETFs command $92.45 billion in BTC, or 5.61% of its market cap.
• Bitcoin is trading up 1.4% at $83,330 today; it is trading down almost 15% for the past 30 days.
• U.S. spot Ethereum ETFs hold $7.92 billion in net assets or 2.99% of ETH’s market cap.
• Ethereum is trading sideways at $1,891 and is down 29.83% for the past 30 days.

U.S. spot Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) have faced steep outflows as investors pulled back during a major market correction.

Now, with signs of market stabilization, Bitcoin ETFs are seeing renewed interest—at least for now. Ethereum funds, however, remain stuck in an outflow streak.

Bitcoin ETFs

Bitcoin ETFs saw a modest rebound after a prolonged outflow streak, with $13.33 million in net inflows on March 12, according to SoSoValue.

However, the latest market exits have surpassed $1.5 billion since March 3, keeping funds at a net loss of $727.09 million for the week.

This marks the fifth consecutive week of outflows , totaling $5.09 billion, putting U.S. spot BTC ETFs on track for their first-ever two-month net outflow streak.

Bitcoin ETF flows. | Source: SoSoValue.

ARK 21Shares Bitcoin ETF (ARKB) led with $82.6 million in net inflows, bringing its total to $2.55 billion. It ranks third in cumulative inflows and fourth in net assets at $3.89 billion.

The Grayscale Bitcoin Mini Trust followed with $5.51 million in inflows, reaching $1.09 billion in cumulative inflows and $3.34 billion in net assets, ranking fifth.

BlackRock’s iShares Bitcoin Trust (IBIT) recorded the highest outflows, losing $47.05 million. Despite this, IBIT remains the dominant fund, with $39.39 billion in total net inflows and $47.02 billion in assets.

Invesco Galaxy Bitcoin ETF (BTCO) shed $12.41 million, bringing its total inflows to $115.37 million and net assets to $455.15 million, ranking tenth and ninth, respectively.

Grayscale Bitcoin Trust (GBTC) posted $11.81 million in outflows. GBTC remains the worst performer, with $22.49 billion in cumulative net outflows and $16.09 billion in net assets.

WisdomTree Bitcoin Trust (BTCW) lost $3.51 million, with cumulative inflows at $118.69 million and net assets at $209.38 million, ranking ninth and eleventh, respectively.

Ethereum ETFs

Ethereum ETFs extended their losing streak to six consecutive days, recording $10.4 million in net outflows on March 12, according to SoSoValue . Funds are now on track for a third straight week of outflows, which currently total $524.68 million.

ETH has struggled since Bitcoin briefly dropped below $80,000 on Feb. 28, falling 29.6% over the past 30 days, while BTC is down 15.21%.

However, Bitcoin ETF flows have turned positive, suggesting investors are capitalizing on the dip. With ETH now trading below $1,900, its underperformance may present an opportunity—or a breaking point—for ETF investors.

Ethereum ETF flows. | Source: SoSoValue.

Fidelity’s Ethereum Fund (FETH) saw the largest outflows of the day, at $3.75 million. Despite the setback, it remains the second-best-performing ETH ETF, with $1.43 billion in cumulative inflows and $778.92 million in net assets, ranking fourth.

Grayscale Ethereum Trust followed with $3.54 million in outflows, bringing its total inflows to $606.26 million and net assets to $891.79 million, securing third place among ETH funds.

21Shares Core Ethereum ETF (CETH) lost $1.69 million, with cumulative inflows at $11.37 million and net assets at $8.44 million, placing it eighth and ninth, respectively.

The Franklin Ethereum Trust (EZET) recorded $1.43 million in net outflows, bringing its cumulative inflows to $36.22 million and net assets to $22.09 million.