Spot Bitcoin (BTC) ETFs Register Largest Inflows in Weeks as ETH Funds Continue to See Outflows

U.S. spot Bitcoin (BTC) exchange-traded funds (ETFs) have posted their largest inflows in weeks amid a persistent crypto market correction.

U.S. spot Bitcoin (BTC) exchange-traded funds (ETFs) are reporting their largest inflows in weeks amid a period of sustained crypto market correction. Conversely, Ethereum (ETH) funds are still seeing outflows, though at a slowing pace.

According to SoSoValue, major Bitcoin ETFs are seeing a return to form. They reported $209.12 million in daily net inflows on March 18, marking the third day of a renewed inflow streak. This brings the week’s total to $483.71 million.

After a five-week period of exits, which saw more than $5 billion in net outflows from BTC funds, investors are showing a renewed interest in cryptocurrencies.

Only two funds had significant changes in their asset holdings.

BlackRock’s (NYSE:BLK) iShares Bitcoin Trust (NYSE:IBIT), the leading Bitcoin ETF, noted $218.12 million in net inflows. This brings its cumulative net inflows to $39.5 billion and its net asset value to $46.79 billion.

On the other hand, the ARK 21Shares Bitcoin ETF (ARKB) reported a small decline of $9 million in net inflows. This brings its cumulative net inflows to $2.67 billion and its net assets to $3.97 billion. It ranks third and fourth in these categories, respectively.

As major Ethereum ETFs continue to be subject to sustained outflows, they posted $52.82 million in daily net outflows, according to SoSoValue. This marks the tenth consecutive day of outflows, which now total over $693 million.

Among the main changes, BlackRock’s iShares Ethereum Trust (ETHA) saw the largest outflow with a loss of $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.

However, this small decline allowed the Grayscale Ethereum Trust (ETHE) to surpass ETHA in terms of net assets despite accumulating $4.18 billion in cumulative net outflows.

The Grayscale Ethereum Mini Trust reported $9.33 million in net outflows, bringing its cumulative net inflows to $591.59 million.

Following closely was Fidelity’s Ethereum ETF (FETH), which saw $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.