Bitcoin ETFs Continue Positive Momentum on March 18, Attracting $209M Inflows

Bitcoin ETFs continued their positive momentum on March 18, with a $209 million inflow, primarily driven by Blackrock's IBIT. In contrast, Ether ETFs faced a $53 million outflow

Bitcoin exchange-traded funds (ETFs) continued their positive momentum on Tuesday, March 18, with a $209 million inflow, primarily driven by Blackrock’s IBIT. In contrast, Ether ETFs faced a $53 million outflow, marking the tenth consecutive day of withdrawals.

The day’s largest bitcoin ETF inflow went to Blackrock’s IBIT, with a massive $218.12 million addition to the fund’s net asset value (NAV). This substantial investment highlights the fund’s strong position in the market.

In a minor shift, ARK 21shares’ ARKB reported a small outflow of $9 million, a slight deviation that did not significantly impact the overall positive trend. The remaining ten bitcoin ETFs showed no net flows, maintaining stability across the board.

For ether ETFs, challenges continued, with significant outflows being recorded across several major funds. Blackrock’s ETHA led the downturn with a $40.17 million withdrawal. Grayscale’s ETH and Fidelity’s FETH also reported outflows of $9.33 million and $3.32 million, respectively.

These consistent outflows reduced the total net assets for ether ETFs to $6.56 billion, reflecting a $200 million decline from the previous day’s close.

The returning inflows into bitcoin ETFs suggest that investor confidence is growing again, possibly influenced by recent market dynamics and positive sentiment. On the other hand, the continued outflows from ether ETFs indicate a cautious approach among investors, potentially due to ETH’s declining price action.