- Bitcoin spot ETFs recorded a net inflow of $13.33 million on March 12, reversing a seven-day outflow streak.
- The total cumulative net inflow for Bitcoin ETFs increased to $35.42 billion, signaling renewed investor confidence.
- The total trading value of Bitcoin ETFs reached $2.01 billion, reflecting strong market activity despite recent volatility.
Bitcoin spot ETFs saw a net inflow of $13.33 million on March 12, marking a turnaround after a week of outflows. The inflow increased the cumulative net total to $35.42 billion, relieving investors. Despite recent sell-offs, trading activity remained strong, with the total value traded reaching $2.01 billion.
Bitcoin ETFs Experience Positive Reversal
Bitcoin ETFs have been struggling with continuous outflows, including a $371 million net outflow on March 11. BlackRock’s iShares Bitcoin Trust (IBIT) outflow amounted to $47.05 million, adding to the existing negative movement. The outflow reported by Grayscale Bitcoin Trust ETF amounted to $11.81 million because investors showed extra caution during this period.
The asset flow data demonstrated that few funds received considerable money from investors as they regained their focus. The influx to Ark & 2 (ARKB totaled $82.60 million during this period, but Grayscale’s BTC fund collected $5.51 million. The market regained its balance through modest fund influxes from BITB, HODL, BRRR, and other smaller funds.
The overall net assets of Bitcoin ETFs reached $92.45 billion, representing 5.61% of Bitcoin’s total market cap. Over the days of continuous outflows Bitcoin ETFs received positive market feedback when their direction changed. While volatility remains, the latest data indicates potential stabilization in Bitcoin ETF investments.
Ethereum Spot ETFs Continue Facing Outflows
Ethereum ETFs saw a net outflow of $10.4 million on March 12, adding to the downward trend in recent weeks. ETHE experienced a $3.54 million outflow, reducing its accumulated value to $606.14 million. BlackRock’s ETHA ETF maintained stability through its steady $4.20 billion net inflow as it showed no signs of either inflow or outflow activity.
Fidelity Ethereum ETF (FETH) recorded an inflow of $3.75 million, slightly improving its cumulative total to $1.43 billion. However, Bitwise Ethereum ETF (ETHW) and VanEck Ethereum ETF (ETHV) showed no movement. Market uncertainty has caused investors to demonstrate caution based on their absence of new investments.
The net assets of Ethereum spot ETFs totaled $6.66 billion, while the total value traded exceeded $299.41 million. Institutional buying for Ethereum is currently lower because market capitalization stands at 2.92% of the total Ethereum market value. Investors remain wary as Ethereum ETFs struggle to attract consistent capital.
Bitcoin Holders Face Pressure as Prices Decline
Bitcoin holders experienced losses because they purchased at its highest point of $109,000 during January when prices started falling. Intraday data recorded by Glassnode shows extensive panic-driven inactivity that strengthens price declines. The firm projected that continued market selling activities had the potential to drive Bitcoin pricing down to $70,000.
Individuals with Bitcoins at purchase prices between $71,300 and $91,900 currently hold substantial negative investment value. The analysis from Glassnode confirms that investors with peak purchases at $109,000 suffer from substantial financial losses that force them to sell their assets. As selling pressures continue, Bitcoin will establish a brief market base around the $70,000 zone.