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Over $1.67 billion exited US spot Bitcoin and Ether exchange-traded funds (ETFs) in March, but investors stopped the bleeding by bringing in $13.3 million on March 12 as the BTC market price inched closer to $85,000.
As of March 12, spot Bitcoin ETFs had attracted $35.4 million worth of inflows spread across two days, according to Farside Investors data. On the other hand, spot Ether ETFs recorded inflows on just one occasion, bringing in $14.6 million on March 4.
Spot Bitcoin ETF daily flow data. Source: Farside Investors
Bitcoin ETFs break outflow streak with $13.3 million inflow
According to Sosovalue, the cumulative net inflows of BTC ETFs confirmed the recent $13.3 million inflow on March 12, signaling a pause in Bitcoinβs ETF outflows.
The total value of the trades that day for Bitcoin ETFs amounted to $2.01 billion, its lowest daily value since Feb. 20. The inflows were contributed by three BTC funds: BlackRockβs iShares Bitcoin Trust (IBIT), the ARK 21Shares Bitcoin ETF (ARKB) and the Grayscale Bitcoin Mini Trust ETF (BTC).
Daily flow of investments into spot Bitcoin ETFs. Source: Sosovalue
On the Ethereum side, the one day of inflows saw contributions from the Fidelity Ethereum Fund (FETH), Bitwise Ethereum ETF (ETHW), Grayscale Ethereum Trust (ETHE) and the Grayscale Ethereum Mini Trust (ETH).
Spot Ether ETF daily flow data. Source: Farside Investors
Market downturn and geopolitical tensions drive ETF outflows
The broader market downturn and macroeconomic uncertainties have contributed to the ETF outflows, driven by geopolitical tensions, trade wars and bearish investor sentiment.
Related: Crypto ETPs see 4th straight week of outflows, totaling $876M β CoinShares
Analysts say that the lack of concrete implementation or unmet expectations regarding President Donald Trumpβs Strategic Bitcoin Reserve plan has also exacerbated selling pressure.
Despite Bitcoin maintaining levels above $80,000, market watchers warned that the upcoming European Union retaliatory tariffs could introduce greater volatility, further influencing Bitcoinβs price trajectory.
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