The U.S. Bitcoin spot ETF continues to see strong inflows, while the Ethereum spot ETF has seen net outflows for 9 consecutive days.
On March 18, according to SoSoValue data, the total net inflow into U.S. Bitcoin spot ETFs yesterday was nearly $275 million, marking the second day of net inflows following last Friday.
Among them, Fidelity's Bitcoin spot ETF FBTC had the highest single-day net inflow of $127 million, with a cumulative net inflow reaching $11.37 billion. Following closely were Ark Invest and 21Shares' ETF ARKB, which had a single-day net inflow of $88.53 million and a cumulative net inflow of $2.68 billion. Meanwhile, BlackRock's Bitcoin ETF IBIT saw a single-day net inflow of $42.26 million, with a cumulative net inflow of $39.28 billion.
As of now, the total net asset value of Bitcoin spot ETFs is $94.48 billion, accounting for 5.67% of Bitcoin's total market value, with a historical cumulative net inflow of $35.58 billion.
In contrast, the Ethereum spot ETF market is showing an opposite trend. The total net outflow from Ethereum spot ETFs yesterday was $7.29 million, marking 9 consecutive days of net outflows.
Among them, Grayscale's Ethereum Trust ETF ETHE had a single-day net outflow of $7.29 million, with a cumulative net outflow reaching $4.18 billion.
As of now, the total net asset value of Ethereum spot ETFs is $6.77 billion, accounting for 2.9% of Ethereum's total market value, with a cumulative total net inflow of $2.51 billion.
Conclusion:
The recent strong inflow of funds into U.S. Bitcoin spot ETFs, especially the impressive performance of ETFs from institutions like Fidelity, Ark Invest, and BlackRock, indicates that market confidence in Bitcoin is recovering.
However, the continuous outflow of funds from Ethereum spot ETFs for 9 days suggests that market confidence in Ethereum is relatively lacking in the short term.
The above data indicates that while the two-day net inflow into Bitcoin is indeed a positive signal, the cryptocurrency market is highly volatile, and whether this trend can continue in the future remains to be observed.
What do you think about the fund flow of Bitcoin and Ethereum ETFs? Do you believe that this warming trend in Bitcoin can be sustained? Leave your thoughts in the comments!
