Bitcoin ETFs faced another day of losses, recording $143.43 million in net outflows on Mar. 4, according to SoSoValue.
After three straight weeks of outflows totaling nearly $4 billion, BTC funds remain on track for a fourth week of exits, though at a slower pace than last week’s $2.61 billion drain.
Bitcoin ETF flows. Source: SoSoValue.
Grayscale’s Bitcoin Mini Trust was the sole gainer, bringing in a modest $35.77 million. Launched six months after other funds, the fund has performed well, attracting $1.09 billion in cumulative net inflows.
Leading the outflows, Fidelity Wise Origin Bitcoin Fund (FBTC) shed $46.08 million. Despite the setback, it remains the second-best performer by cumulative inflows and net assets, standing at $11.72 billion and $17.59 billion, respectively.
ARK 21Shares Bitcoin ETF (ARKB) posted $43.92 million in net outflows, while Franklin Templeton’s Digital Holdings Trust (EZBC) followed with $35.71 million in exits.
Among smaller losses, Bitwise Bitcoin ETF (BITB) saw $23.96 million in outflows, Invesco Galaxy Bitcoin ETF (BTCO) lost $16.47 million, and WisdomTree Bitcoin Trust (BTCW) recorded $13.07 million in exits.
Ethereum ETFs
Ethereum ETFs broke an eight-day outflow streak on Mar. 4, recording $14.58 million in net inflows, according to SoSoValue.
ETH funds have been modestly outperforming BTC funds in recent weeks.
Ethereum ETF flows. Source: SoSoValue.
Leading the inflows, Fidelity’s FETH added $21.67 million. With $1.51 billion in cumulative net inflows, FETH ranks second overall and fourth by net assets at $980.71 million.
Grayscale Ethereum Trust (ETHE) also ended a prolonged outflow streak, marking just its fourth-ever day of net inflows with $10.71 million. However, it remains the worst-performing Ethereum ETF, with $4.06 billion in cumulative net outflows.
Meanwhile, Grayscale Ethereum Mini Trust posted $8.46 million in inflows, its first notable gain after a month of negligible or negative flows.
BlackRock’s iShares Ethereum Trust (ETHA), the top performer by cumulative net inflows and assets, continued its losing streak with $26.27 million in net outflows.
ETHA has not seen a day of inflows since Feb. 13, tallying $216.42 million in net outflows over that period.
Despite this, it remains dominant, with $4.23 billion in cumulative net inflows and $2.76 billion in net assets.
Eddie is a gaming and crypto writer at CCN. Covering the often weird and wonderful world of Web3 with an adoring, but skeptical eye.
Prior to CCN, Eddie has spent the past seven years working his way through the crypto, finance, and technology industry. He began with PR and journalism with Bitcoin PR Buzz and BitcoinNews.com, eventually working his way to become a copywriter with a dozen firms, including the likes of Polkadot before returning to journalism in 2023.
Having studied Radio production and journalism at University in the UK, Eddie spent a few years making podcasts and presenting on a local London radio station as he built up his writing chops.
A lifelong skateboarder, Eddie can often be found at the skatepark or touring the streets looking for something new to try. That, or kicking back playing JRPGs on his original PSP.
