In March, over $1.67 billion flowed out of US spot Bitcoin and Ether exchange-traded funds (ETFs). However, investors managed to somewhat stabilize the situation by infusing $13.3 million on March 12, as the BTC market price edged closer to $85,000.
By March 12, spot Bitcoin ETFs had secured $35.4 million in inflows over two days, according to Farside Investors data. Conversely, spot Ether ETFs experienced inflows only once, attracting $14.6 million on March 4.
Bitcoin ETFs End Outflow Streak with $13.3 Million Influx
According to Sosovalue, the cumulative net inflows of BTC ETFs confirmed the recent $13.3 million inflow on March 12, marking a halt in Bitcoin’s ETF outflows.
On that day, the total trade value for Bitcoin ETFs was $2.01 billion, the lowest since February 20. The inflows were attributed to three BTC funds: BlackRock’s iShares Bitcoin Trust (IBIT), the ARK 21Shares Bitcoin ETF (ARKB), and the Grayscale Bitcoin Mini Trust ETF (BTC).
Regarding Ethereum, the single 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).
Market Downturn and Geopolitical Tensions Influence ETF Outflows
The broader market downturn, coupled with macroeconomic uncertainties, has driven ETF outflows, influenced by geopolitical tensions, trade wars, and bearish investor sentiment.
Analysts note that the lack of concrete action or unmet expectations surrounding President Donald Trump’s Strategic Bitcoin Reserve plan has further intensified selling pressure.
Even as Bitcoin remains above $80,000, market observers caution that impending European Union retaliatory tariffs could introduce more volatility, potentially affecting Bitcoin’s price path.
