Bitcoin ETFs Face $74 Million Outflow as Ether Funds Mark Eighth Consecutive Day of Withdrawals

The crypto exchange-traded funds (ETFs) market commenced the week with continued outflows, as bitcoin ETFs experienced net outflows totaling $74.19 million on Monday, Mar. 3. This development underscores the persistent trend of capital retreat from bitcoin-focused funds with just one day of inflows over the past 2 weeks.

Among the bitcoin ETFs, Blackrock’s IBIT led the outflows, shedding $77.97 million. Grayscale’s GBTC also reported a significant outflow of $54.39 million. In contrast, Ark 21Shares’ ARKB provided a positive note with an inflow of $58.18 million, signaling selective investor confidence.

Ether ETFs mirrored this trend, marking their eighth consecutive day of outflows with a net withdrawal of $12.10 million. Blackrock’s ETHA was the primary contributor to this decline, recording an outflow of $16.06 million. Conversely, Bitwise’s ETHW attracted an inflow of $3.96 million, offering a glimmer of optimism for ether ETFs.

By the close of trading on Mar. 3, total net assets stood at $97.26 billion for bitcoin ETFs and $7.72 billion for ether ETFs, reflecting the ongoing outflow trend.

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