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The Defiant 2025-03-21 20:05:15

Bitcoin ETFs Record 5th Day of Inflows, Ethereum ETFs Face 12-Day Outflows

U.S. Bitcoin exchange-traded funds (ETFs) have recorded five consecutive days of net inflows, reversing a trend of outflows that saw investors withdraw over $5 billion in the past five weeks. This week alone, Bitcoin ETFs have accumulated 6,000 BTC, with total assets under management reaching $92.25 billion, representing 5.53% of the total Bitcoin supply. Bitcoin ETFs also attracted $660 million in inflows this week. The recovery in Bitcoin ETFs contrasts with Ethereum ETFs, which have experienced 12 consecutive days of outflows, shedding $370 million in assets over the period. The total assets under management for Ethereum ETFs now stand at $6.72 billion, or 2.78% of the total Ethereum supply. Ethereum's price has declined to $1,950 from $2,200 earlier this month. Analysts attribute Ethereum's struggles to a lack of staking options, with 33.8 million ETH currently staked, and broader concerns about its competitiveness compared to other blockchains. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

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