US spot Bitcoin and Ether ETFs have seen a net outflow of over $1.5 billion in March, extending a five-week losing streak that has now reached $5.09 billion.
However, inflows of $13.3 million on March 12 suggest investors may be stepping back in as Bitcoin manages to stay above the $80,000 mark.
Farside Investors data shows that spot Bitcoin ETFs saw inflows of $35.4 million over two days in March, while spot Ether ETFs recorded a single-day inflow of $14.6 million on March 4.
Despite this, total net outflows have exceeded $1.5 billion since March 3, keeping funds at a net loss of $727.09 million for the week.
Bitcoin ETF performance
ARK 21Shares Bitcoin ETF (ARKB) led inflows with $82.6 million, pushing its total to $2.55 billion and securing its position as the third-largest in cumulative inflows and fourth in net assets at $3.89 billion.
The Grayscale Bitcoin Mini Trust followed with $5.51 million in inflows, bringing its net assets to $3.34 billion.
On the outflows side, BlackRock’s iShares Bitcoin Trust (IBIT) recorded the largest single-day exit, losing $47.05 million.
Despite this, IBIT remains the dominant Bitcoin ETF, with $39.39 billion in total net inflows and $47.02 billion in assets.
The Grayscale Bitcoin Trust (GBTC) continued to see declines, with $11.81 million in outflows.
It remains the worst performer among Bitcoin ETFs, with $22.49 billion in cumulative net outflows and $16.09 billion in net assets.
Ethereum ETF struggles
Ethereum ETFs extended their losing streak to six days, with net outflows reaching $10.4 million on March 12.
The ETFs are on track for a third straight week of outflows, now totaling $524.68 million.
Fidelity’s Ethereum Fund (FETH) led with $3.75 million in outflows, though it remains the second-best-performing ETH ETF, with $1.43 billion in cumulative inflows and $778.92 million in net assets.
ETH’s price has declined 29.6% over the past 30 days, underperforming Bitcoin, which is down 15.21% in the same period.
Crypto markets troubles
Several new investors bought into Bitcoin at high prices amid post-election crypto enthusiasm following Donald Trump’s victory in November.
However, just six weeks after his inauguration, Bitcoin has entered a bear market, pressured by a broader sell-off in global equities.
After reaching an all-time high above $100,000, the cryptocurrency has fallen nearly 25% to around $80,000.
Many investors who jumped in at the peak—especially those using leverage—are now facing losses.
According to crypto analytics firm Glassnode, approximately 20 million new Bitcoin addresses, representing about 1.5% of all existing addresses, have been created over the past three months.
The broader downturn in crypto prices has been attributed to geopolitical tensions, trade wars, and bearish investor sentiment.
Analysts also cite uncertainty surrounding President Donald Trump’s Strategic Bitcoin Reserve plan as a factor adding to selling pressure.
However, recent ETF inflows indicate that some investors are viewing the dip as a buying opportunity rather than a sign of further weakness.
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