The cryptocurrency market is highly volatile. Despite a global market capitalization increase of 3.96% to $2.73 trillion, there was a significant outflow from Bitcoin ETFs, with $60.60 million flowing out on March 31, while Ethereum ETFs saw an inflow of $6.40 million. Within the Bitcoin ETFs, WisdomTree's BTCW experienced an outflow of $32.60 million, Ark's 21Shares ARKB had an outflow of $23.20 million, and Bitwise's BITB saw an outflow of $19.90 million, with only BlackRock's IBIT seeing an inflow of $15.10 million. In contrast, the only inflow for Ethereum ETFs was Fidelity's FETH, which had an inflow of $6.40 million. The trading price of Bitcoin is $84,237.68, an increase of 3.27%, while Ethereum rose by 5.19% to $1,882.33. Investor confidence is shifting towards Ethereum, with the market focusing on whether it can surpass Bitcoin in the next cycle.
