US Bitcoin ETFs See Combined Inflows as Ethereum Fund Flows Diverge

Recent data from the US crypto market has revealed a mix of inflows and outflows across various exchange-traded funds (ETFs). On March 3, Bitcoin ETFs drew in a combined $225.2 million in fresh capital, with several issuers contributing to the influx.

BlackRock's iShares Bitcoin Trust (IBIT) stood out as the top performer, attracting a significant $322.4 million and leading all listed Bitcoin funds. However, Fidelity's FBTC reported redemptions of $89.3 million during the same trading session, while Grayscale's GBTC saw withdrawals of $28.2 million.

Ethereum ETFs, on the other hand, posted a net outflow of $10.8 million despite price gains in the week leading up to March 3. While BlackRock's ETHA added $41.9 million, withdrawals from other issuers erased those inflows. Grayscale's ETHE also logged redemptions of $4.7 million across the same reporting period.

Other altcoin-linked ETFs showed a more stable picture, with Solana and XRP products reporting small inflows. Solana ETFs added $0.7 million in fresh capital, while XRP-linked funds combined for an influx of $7.53 million.