U.S. Spot Crypto ETFs Post Net Inflow of $151.04M on March 23, Led by BlackRock's IBIT

U.S. spot cryptocurrency ETFs recorded a combined net inflow of $151.04 million on March 23, as strong demand for Bitcoin products more than offset continued outflows from Ethereum funds, according to data monitored by TraderT.

Bitcoin ETFs attracted a total net inflow of $167.46 million, while Ethereum ETFs saw a net outflow of $16.42 million during the same period.

Bitcoin ETFs: BlackRock's IBIT Dominates with $161.04M Inflow

The U.S. spot Bitcoin ETF market posted a robust net inflow of $167.46 million on the day.

BlackRock's IBIT led all products with a massive $161.04 million inflow, accounting for the overwhelming majority of the day's gains. Fidelity's FBTC followed with $41.70 million in net inflows.

On the outflow side, Grayscale's GBTC continued its persistent redemption trend, shedding $25.87 million, while Ark Invest's ARKB recorded $9.41 million in net outflows. Bitwise's BITB, Invesco's BTCO, Franklin's EZBC, Valkyrie's BRRR, VanEck's HODL, WisdomTree's BTCW, and Grayscale's BTC Mini all reported no flows for the day.

Ethereum ETFs: ETHA Leads Outflows as Sentiment Remains Cautious

The U.S. spot Ethereum ETF market continued to face headwinds, recording a total net outflow of $16.42 million on March 23.

BlackRock's ETHA accounted for the bulk of the selling pressure, posting $15.94 million in outflows. Fidelity's FETH added $1.62 million to the outflow tally.

The sole bright spot was BlackRock's staked Ethereum product, ETHB, which attracted $1.13 million in net inflows — the only Ethereum ETF to record positive flows on the day. 21Shares' TETH, Invesco's QETH, Franklin's EZET, VanEck's ETHV, Grayscale's ETHE, and Grayscale's ETH Mini all saw no movement.

Joohoon Choi joohoon@blockstreet.co.kr