Ethereum ETFs Add $53.8M As Bitcoin Funds Exit
TLDR
Spot Bitcoin ETFs recorded a net inflow of $53.8 million on March 12. BlackRock's IBIT Bitcoin ETF came in at $46.1 million. Ethereum ETFs attracted $72.4 million in net inflows during the same period. Fidelity's FETH posted $52 million in earnings in Ethereum funds. Solana ETFs added $3.9 million, while XRP-linked products saw outflows of $6.08 million.
Crypto exchange-traded funds posted steady capital movements on March 12, led by Bitcoin and Ethereum commodities. Spot Bitcoin ETFs posted $53.8 million in net income, while Ethereum ETFs added $72.4 million. The data shows continued institutional participation in major digital asset funds.
Bitcoin ETFs extend the income stream
Spot Bitcoin ETFs attracted $53.8 million in net income on March 12, according to Farside Investors. BlackRock's IBIT led with $46.1 million, while Fidelity's FBTC added $15.3 million. However, Bitwise's BITB had $5.7 million in withdrawals, while Greyscale's GBTC had $9.9 million in redemptions.
Earlier in the week, Bitcoin ETFs traded $246.9 million on March 10 and $115.2 million on March 11. These series of gains have supported price stability near $70,000. Market analysts say ETF demand remains the main driver of Bitcoin liquidity.
Ethereum ETFs record strong daily gains
Ethereum ETFs posted net income of $72.4 million on March 12, one of the strongest sessions in weeks. Fidelity's FETH led the way with $52 million, followed by BlackRock's ETHA at $18.7 million. Other funds, including Bitwise's ETHW and Franklin Templeton's EZET, also reported fresh allocations.
James Seifert reports that BlackRock's new Ethereum stock opened with $15.5 million in first-day revenue. Several vendors list regulatory features pending in regulatory filings. Funders continue to develop product-oriented structures linked to Ethereum stocks.
Solana and XRP currencies show different flows
Solana ETFs, led by Bitwise's BSOL ETF, posted $3.9 million in revenue on March 12. Earlier data showed revenue of $30.9 million on February 25 and $19.1 million on March 4. These figures represent a series of classifications for Solana-related products.
In contrast, XRP-linked investment vehicles posted a net outflow of $6.08 million in the last session. Franklin's XRPZ ETF recorded $2.99 million in redemptions, while the 21Shares TOXR fund lost $3.09 million. Other XRP products reported flat flows, including Canary's XRPC, Bitwise's XRP ETF and Grayscale's GXRP Trust.
The Bitcoin ETF has attracted tens of billions of dollars since its launch. ETF flows now rank among the most closely watched metrics in digital asset markets. The latest session data on March 12 reflects continued institutional allocations to leading crypto ETFs.
