US Bitcoin ETFs See $225M Inflows with BlackRock’s IBIT Driving Demand

Posted on by

TLDR

  • On March 3, U.S.-listed Bitcoin ETFs had a total inflow of $225.2 million.
  • BlackRock’s iShares Bitcoin Trust led all Bitcoin ETFs with $322.4 million in new capital.
  • During the same trading session, Fidelity’s FBTC and Grayscale’s GBTC reported outflows from their funds.
  • Despite price increases during the week, Ethereum ETFs had a net outflow of $10.8 million.
  • According to daily fund flow data, Solana and XRP – linked ETFs had small inflows.

On March 3, institutional flows into [a certain area, seems a word is missing in original] diverged as Bitcoin products attracted new capital. Data indicated that $225.2 million went into spot Bitcoin funds while several competitors had withdrawals. BlackRock’s iShares Bitcoin Trust led the inflows and offset redemptions from competing issuers.

Bitcoin ETFs Record $225M Inflows as IBIT Leads Activity

Bitcoin ETFs received a combined $225.2 million as institutional demand remained stable. BlackRock’s IBIT alone added $322.4 million and was ranked first among all listed Bitcoin funds.

However, during the same trading session, Fidelity’s FBTC had $89.3 million in redemptions. According to daily flow data, Grayscale’s GBTC also reported $28.2 million leaving the fund.

During the session, smaller issuers still reported positive movement in several Bitcoin ETFs. Valkyrie’s [product] attracted $11.6 million, and WisdomTree’s BTCW received $8.7 million in allocations.

As ETF activity continued across US exchanges, the market price of Bitcoin was close to $71,200. An exchange statement said, “IBIT led daily creations while other funds balanced withdrawals.”

Ethereum, Solana, and XRP ETF Flows Diverge

Despite price gains during the week, Ethereum ETFs had a net outflow of $10.8 million. BlackRock’s ETHA added $41.9 million, but withdrawals from other issuers nullified those inflows.

Based on published daily figures, Fidelity’s FETH had $66.7 million leaving the fund. During the same reporting period, Grayscale’s ETHE also had $4.7 million in redemptions.

Grayscale’s secondary Ethereum product reported $18.7 million in inflows, which lessened the overall decline. After rising about six percent in the past week, Ethereum was trading close to $2,000.

According to the latest session data, Solana ETF products had $0.7 million in inflows. Franklin Templeton’s SOEZ accounted for the entire allocation, while competing Solana funds had no change in activity.

After daily and weekly price increases, market data placed Solana near $87.41. Both Bitwise’s [product] and VanEck’s VSOL had zero net ETF flows.

On the same reporting day, XRP – linked ETFs had a combined inflow of $7.53 million. According to the released fund statistics, Bitwise’s XRP product contributed $6.08 million.

Canary’s competing ETF added $1.45 million, while other XRP funds had no change in flows. XRP was trading around $1.37 with a market capitalization remaining above $83 billion.

ETF reports showed that regulated crypto exposure continued through listed US vehicles. Data providers released the figures after the markets closed on March 3.

The combined flows across Bitcoin ETFs and altcoin funds showed mixed positioning. Fund issuers published the numbers through standard daily creation and redemption updates.

Trading desks monitored ETF subscriptions while crypto prices stayed near market levels. These figures represent the available ETF flow data for March 3.