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Bitcoin ETF Inflows Rise for Sixth Straight Day

Bitcoin ETF inflows hit $202M on March 16, while Ethereum ETFs gained $35.89M and XRP ETFs posted a daily outflow.

  • Bitcoin ETF inflows reached $202 million, extending the winning streak to six days.
  • Ethereum ETF inflows totaled $35.89 million, marking a fifth straight day of gains.
  • XRP ETF flows turned negative again, with a $5.98 million daily outflow.

Bitcoin ETF inflows remained the biggest story in the US crypto fund market on March 16, according to SoSoValue. US Bitcoin spot ETFs recorded a total net inflow of $202 million, making it the sixth straight day of positive money movement into the products.

BlackRock’s IBIT led the pack once again. The fund brought in $139 million in a single day, giving it the highest daily inflow among all Bitcoin spot ETFs. This steady demand suggests that investor interest in regulated Bitcoin products is still holding up well, even as the broader market continues to watch price swings closely.

The latest figures show that institutional appetite for Bitcoin exposure has not faded. Instead, many investors appear to be using spot ETFs as their preferred way to gain access to the asset.

Ethereum ETF inflows add more confidence

Ethereum spot ETFs also posted another positive day. Total net inflows for US Ethereum spot ETFs came in at $35.89 million on March 16. That made it the fifth consecutive day of gains for Ethereum-based products.

While Ethereum ETF inflows were smaller than Bitcoin ETF inflows, the trend still matters. A five-day inflow streak points to growing confidence in Ethereum as an investment product, especially among investors looking for exposure beyond Bitcoin.

This could be a sign that demand for major crypto assets is broadening. Instead of focusing only on Bitcoin, some market participants may now be spreading capital across multiple large-cap digital assets through ETF products.

XRP ETF flows move the other way

XRP spot ETFs told a very different story. On the same day, XRP spot ETFs recorded a total net outflow of $5.98 million. That pushed the historical total net inflow for XRP ETFs further into negative territory, reaching -$23.87 million.

The contrast is clear. While Bitcoin ETF inflows and Ethereum ETF inflows continued to build momentum, XRP products struggled to attract fresh capital. This may reflect weaker investor confidence or a more cautious short-term outlook for XRP-related funds.

Overall, the March 16 data highlights a clear split in market sentiment. Bitcoin and Ethereum ETFs are extending their positive runs, while XRP ETFs remain under pressure.

Disclaimer: The content on CoinoMedia is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency investments carry risks, and readers should conduct their own research before making any decisions. CoinoMedia is not responsible for any losses or actions taken based on the information provided.

Aurelien Sage

Aurelien Sage is a blockchain enthusiast and writer, crafting insightful articles on decentralized technologies, Web3, and the future of finance. His work simplifies complex concepts, empowering readers to navigate the evolving crypto landscape with confidence.

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