Bitcoin ETFs log first net inflows in weeks, while Ether outflows continue

Spot Bitcoin exchange-traded funds (ETFs) in the US snapped a five-week net outflow streak in the trading week ending March 21.

Bitcoin (BTC) ETFs clocked a net inflow of $744.4 million — the highest tally in eight weeks — extending their daily inflow streak to six consecutive days, according to data from SoSoValue.

US-based spot Bitcoin ETF net flows get back on track. Source: SoSoValue

Five funds contributed to the inflows, with the bulk coming from BlackRock’s iShares Bitcoin Trust (IBIT), which recorded $537.5 million. Fidelity’s Wise Origin Bitcoin Fund (FBTC) followed with $136.5 million.

The renewed inflows come after a bearish period for both the crypto market and the broader global economy, marked by growing concerns over escalating trade tensions and rising recession concerns.

*Related: **US recession would be a big catalyst for Bitcoin: BlackRock*

In the weeks surrounding that date, Bitcoin ETFs recorded their largest net inflows of 2025: $1.96 billion in the week ending Jan. 17 and $1.76 billion the following week. Bitcoin (BTC) surged to an all-time high of $109,000 on Jan. 20, the inauguration day of US President Donald Trump.

Bitcoin later dropped into the $78,000 range amid the broader market correction. With the latest inflows — the strongest since January — the price rebounded to $87,343 at the time of writing, according to CoinGecko.

*Bitcoin leaves Ethereum in the red zone*

The same can’t be said for Ether (ETH) ETFs, which extended their weekly net outflow streak to four weeks.

Ethereum ETF net inflows continue slumping. Source: SoSoValue

During the week ending March 21, Ethereum funds saw a net outflow of $102.89 million, with BlackRock’s iShares Ethereum Trust ETF (ETHA) accounting for $74 million of that total.

Ether (ETH) was trading at $2,090 at the time of writing, up from below $2,000 — a level it fell beneath for the first time in over a year.

Still, there’s a bright spot for Ethereum, as institutions continue to deepen their exposure to the asset.

*Related: **Ethereum eyes 65% gains from 'cycle bottom' as BlackRock ETH stash crosses $1B*

BlackRock’s BUIDL fund — which primarily invests in tokenized real-world assets (RWAs) — now holds a record $1.145 billion worth of Ether, up from approximately $990 million just a week earlier, according to Token Terminal. The fresh injection of ETH signals growing conviction from the world’s largest asset manager in Ethereum’s role as the leading infrastructure for real-world asset tokenization.

*Market sentiment improves but investors remain cautious*

Market sentiment on crypto has improved since the past week, with the Crypto Fear & Greed Index improving to 45% from 32 last week.

However, Singapore-based investment firm QCP Capital advises caution regarding the likelihood of a sustained breakout.

“Upcoming tariff escalations slated for 2 April could once again pressure risk assets,” QCP Cap said in a March 24 market analysis.

*Magazine: **What are native rollups? Full guide to Ethereum’s latest innovation*