The week ending March 6 was notable for Bitcoin exchange-traded funds (ETFs), which recorded net inflows totaling $568.45 million, marking the second consecutive week of positive investment activity. A surge in buying from March 2 to March 4, which brought in approximately $1.15 billion, successfully countered subsequent withdrawals on March 5 and 6 that totaled $576.66 million.
During this three-day buying spree, March 2 and March 4 yielded nearly identical inflow figures of $458.19 million and $461.77 million, respectively, while March 3 contributed a lesser but still significant $225.15 million. However, the outflows on March 5 and March 6, amounting to $227.83 million and $348.83 million respectively, nearly negated half of the gains from the previous three days. Ultimately, the week concluded with a net positive inflow for Bitcoin ETFs.
Trading volume for Bitcoin ETFs reached $25.87 billion during this period, a substantial increase from the $15.99 billion recorded in the previous week ending February 27. Furthermore, total net assets for Bitcoin ETFs climbed from $83.40 billion to $87.07 billion as of March 6.
In contrast, Ethereum spot ETFs experienced a modest $23.56 million in net inflows during the same week, a significant decrease compared to the previous week”s inflows of $80.46 million. The strongest performance for Ethereum occurred on March 4, with inflows reaching $169.41 million before facing two consecutive days of notable outflows. March 5 saw redemptions of $90.94 million, followed by March 6″s outflows of $82.85 million, which nearly erased the gains made on March 4.
Despite these fluctuations, total net assets for Ethereum products reached $11.28 billion, with cumulative total inflows standing at $11.63 billion. Ethereum”s price also dipped to below $1,900 after a 2% decline over a 24-hour period.
