Bitcoin ETFs Record $209M Inflows, ETH Funds Reach Day Ten of Outflow Streak

• 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.