Bitcoin ETFs Extend Gains With $225 Million Inflow

BTC-0.46%
XRP-0.79%
SOL-0.6%

Bitcoin exchange-traded funds (ETFs) recorded a second consecutive day of inflows with $225 million added, while ether funds slipped into outflows. XRP and solana ETFs maintained positive momentum, keeping broader crypto ETF sentiment mixed but resilient.

Ether Sees $10 Million Exit as Bitcoin Stays Green

Momentum in crypto ETFs remained selective as bitcoin extended its recovery while ether stumbled. Spot bitcoin ETFs added $225.15 million, marking a second straight day of inflows. Blackrock’s IBIT dominated the session with a powerful $322.38 million contribution. Valkyrie’s BRRR brought in $11.57 million, and Wisdomtree’s BTCW posted a rare but notable $8.68 million entry.

Not everything was green. Fidelity’s FBTC saw a sharp $89.29 million outflow, while Grayscale’s GBTC shed $28.19 million. Still, IBIT’s strength more than offset the exits. Total trading volume reached $4.02 billion, and net assets closed at $87.58 billion.

Bitcoin ETFs Extend Gains With $225 Million InflowInflows worth $638 million over the past two days for bitcoin ETFs Ether ETFs, however, moved in the opposite direction. Spot ether funds recorded a $10.75 million net outflow. Fidelity’s FETH was the primary drag, with a sizable $66.73 million exit. Grayscale’s ETHE also posted a $4.67 million decline.

There were bright spots. Blackrock’s ETHA attracted $41.92 million, and Grayscale’s Ether Mini Trust added $18.72 million. But the inflows could not overcome the heavy redemptions. Trading volume stood at $1.18 billion, and net assets slipped to $11.31 billion.

Altcoin ETFs offered steadier footing. XRP ETFs drew $7.53 million in net inflows, led by Bitwise’s XRP with $6.08 million and Canary’s XRPC with $1.45 million. Total value traded reached $38.89 million, with net assets closing at $1 billion.

Solana ETFs added a modest $1.03 million, largely driven by Franklin’s SOEZ at $732.10K and Invesco’s QSOL at $298.32K. Trading activity totaled $52.60 million, and net assets ended at $802.81 million.

In summary, Tuesday’s session reflected a market still rotating capital. Bitcoin ETFs continued attracting strong institutional flows, ether struggled under heavy redemptions, and XRP and Solana quietly extended their inflow streaks, keeping overall crypto ETF sentiment cautiously constructive.

FAQ 📊

  • How much did Bitcoin ETFs gain on March 3?

Bitcoin ETFs recorded $225.15 million in net inflows, led overwhelmingly by BlackRock’s IBIT with a $322.38 million contribution.

  • Why did Ether ETFs post outflows?

Ether ETFs saw a $10.75 million net outflow primarily due to a $66.73 million exit from Fidelity’s FETH, which outweighed inflows into ETHA and Grayscale products.

  • Which altcoin ETFs saw inflows today?

XRP ETFs added $7.53 million while Solana ETFs brought in $1.03 million, continuing their steady inflow momentum.

  • What was the total trading activity across crypto ETFs?

Bitcoin ETFs traded $4.02 billion, ether ETFs traded $1.18 billion, XRP ETFs saw $38.89 million, and solana ETFs recorded $52.60 million in total value traded.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Exodus Movement Releases Financial Report: FY2025 Revenue of $121.6 million, holding over 610 BTC as of the end of February

Exodus Movement releases FY2025 financial report, with revenue reaching $121.6 million, a new record high. The company holds over 610 Bitcoin and 1,840 Ethereum, and has fully repaid the $60 million debt financing obtained through Galaxy Digital.

GateNews26m ago

Bitcoin L1 smart contract platform OP_NET completes $5 million funding round, with Further leading the investment

Gate News Announcement, March 12th, Bitcoin L1 native smart contract platform OP_NET announced the completion of a $5 million funding round. This round was led by Further, with participation from ANAGRAM, Arcanum Capital, Humla Ventures, Morningstar Ventures, G20 Ventures, and UTXO

GateNews1h ago

21Shares Analyst: BTC May Fluctuate Between $68,000 and $74,000 in the Short Term

21Shares strategist Matt Mena pointed out that March CPI data has been absorbed by the market. In the short term, BTC is expected to fluctuate between $68,000 and $74,000. After breaking above $75,000, it may enter the $75,000 to $80,000 range. Historically, BTC often rebounds more than 15% after geopolitical shocks, and a restart of rate cuts could accelerate the recovery.

GateNews1h ago
Comment
0/400
No comments