US Crypto ETFs Add $151M as Bitcoin Demand Surges

TLDR

• US spot crypto ETFs recorded $151.05 million in net inflows on March 24, driven by Bitcoin demand.
• Bitcoin ETFs attracted $167.23 million in net inflows and added 2,360 BTC in a single session.
• BlackRock led Bitcoin ETF inflows with 2,270 BTC worth $160.89 million.
• Ethereum ETFs posted $16.18 million in net outflows with 7,484 ETH leaving the products.
• No altcoin ETFs, including XRP, SOL, and DOGE, recorded any fund flows during the session.

US spot crypto ETFs posted $151.05 million in net inflows on March 24, led by Bitcoin products. Bitcoin funds added $167.23 million, while Ethereum funds recorded $16.18 million in net outflows. The data from SoSoValue showed strong Bitcoin demand as Ethereum products continued to shed assets.

Bitcoin ETFs Lead Crypto ETFs With $167.23 Million Inflow

U.S.-listed Bitcoin ETFs recorded $167.23 million in net inflows on March 24. The products added 2,360 BTC across issuers, according to SoSoValue.

BlackRock led all issuers with 2,270 BTC worth $160.89 million in net inflows. Fidelity followed with 588 BTC valued at $41.70 million.

ARK 21Shares recorded an outflow of 133 BTC worth $9.41 million. It was the only Bitcoin ETF issuer with negative flow that day.

BlackRock accounted for 96% of total Bitcoin ETF demand for the session. IBIT continued to act as the primary destination for institutional Bitcoin allocation.

The $167.23 million inflow marked the strongest single-session figure in the recent period. It also reversed the outflow trend that defined much of March.

Bitcoin reclaimed the $71,000 level on the hourly chart on the same day. The price move aligned with the renewed inflows into Bitcoin funds.

Combined crypto ETFs activity reached $151.05 million in net inflows after Ethereum outflows offset Bitcoin demand. The Bitcoin allocation drove the net positive result for the session.

Ethereum ETFs Record $16.18 Million Outflow as Altcoin Funds Stay Flat

U.S.-listed Ethereum ETFs posted $16.18 million in net outflows on March 24. The products recorded 7,484 ETH, leaving on a net basis.

BlackRock’s ETHA sold 6,502 ETH worth $14.57 million. Fidelity reduced 748 ETH valued at $1.62 million from its holdings.

Grayscale reported 365 ETH sold worth $25.87 million. The dollar figure reflected a different calculation methodology relative to ETH volume.

No Ethereum ETF issuer recorded positive flow during the session. The outflow total was smaller than earlier redemptions this week.

The data showed a slower pace of Ethereum selling compared with prior sessions. However, the direction of flows remained negative.

XRP, LINK, SOL, LTC, DOGE, DOT, HBAR, and AVAX recorded zero flow on March 24. SoSoValue data confirmed no activity across the altcoin ETF category.

The absence of altcoin ETF movement contrasted with strong Bitcoin inflows. Institutional allocation concentrated solely on Bitcoin products that day.

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