Crypto ETFs Mixed as Bitcoin Tops $70K, Ethereum and Solana Funds See Outflows

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The cryptocurrency ETF market showed mixed flows on March 9, with Bitcoin funds attracting fresh inflows while Ethereum, Solana, and XRP products recorded net outflows despite a broader rally across digital assets.

Key Takeaways

Bitcoin ETFs recorded net inflows of $167.1 million.
Ethereum ETFs saw $51.3 million in net outflows.
Solana ETF products posted $2.5 million in outflows.
XRP ETFs recorded $18.11 million in net outflows.
Crypto markets rose broadly as Bitcoin reclaimed the $70,000 level.

Total crypto market capitalization climbed to roughly $2.39 trillion, while Bitcoin traded near $70,314, leading gains among major tokens.

Bitcoin ETFs

Bitcoin Price: $70,314

Spot Bitcoin ETFs posted $167.1 million in net inflows, reversing several sessions of outflows as institutional demand returned.

The largest contribution came from BlackRock’s IBIT, which attracted $109.3 million, followed by Fidelity’s FBTC with $60.1 million in inflows.

Meanwhile, Bitwise’s BITB saw a modest $4.5 million outflow, and ARK’s ARKB lost $2.7 million, while other funds were largely flat.

Bitcoin itself traded near $70,314, gaining roughly 4.6% over the past 24 hours, supported by institutional accumulation and improving market sentiment.

Ethereum ETFs

Ethereum Price: $2,052

Spot Ethereum ETFs recorded $51.3 million in net outflows on the day despite the underlying asset rising.

The largest withdrawal came from BlackRock’s ETHA, which saw $55.1 million in outflows, partially offset by $16.2 million of inflows into Fidelity’s FETH.

Other funds showed limited activity, though Grayscale’s ETHE recorded $13.4 million in outflows.

Ethereum traded around $2,052, gaining roughly 3.8% over the past 24 hours as large-cap altcoins moved higher alongside Bitcoin.

Solana ETFs

Solana Price: $86.63

Solana-linked ETF products saw $2.5 million in net outflows, reflecting muted institutional activity.

Outflows were led by VanEck’s VSOL, which recorded $2.0 million in withdrawals, while Fidelity’s FSOL posted $0.5 million in outflows.

Other Solana ETF products remained largely unchanged during the session.

The underlying Solana token traded around $86.63, rising roughly 4.5% over the past 24 hours amid strong activity across DeFi and trading markets.

XRP ETFs

XRP Price: $1.38

XRP ETF products recorded $18.11 million in net outflows, the largest among crypto ETFs during the session.

Withdrawals were led by:

Franklin XRP ETF: $4.46M outflow
21Shares XRP ETF: $4.27M outflow
Bitwise XRP ETF: $3.52M outflow
Grayscale XRP Trust ETF: $5.86M outflow

The underlying XRP token traded near $1.38, rising roughly 3.4% over the past 24 hours.

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Author

Alexander Zdravkov is a person who always looks for the logic behind things. He has more than 3 years of experience in the crypto space, where he skillfully identifies new trends in the world of digital currencies. Whether providing in-depth analysis or daily reports on all topics, his deep understanding and enthusiasm for what he does make him a valuable member of the team.