On March 11, US Bitcoin and Ethereum Spot ETFs experienced mixed investor sentiment, as Bitcoin ETFs saw a substantial net outflow, while Ethereum ETFs faced a more moderate decline.
Bitcoin ETF Trends, As of March 11
The US Bitcoin Spot ETF faced a significant net outflow of $371 million yesterday, with several key players contributing to this drop. According to data, the largest contributor was the BlackRock (IBIT) ETF, which saw a massive outflow of $1.513 billion. Other Bitcoin ETFs also reported notable losses, including BTCO with a $33.7 million outflow, Grayscale (GBTC) with a $35.5 million outflow, and BTCW with $15.4 million. Additionally, smaller outflows were recorded from BITB ($9.1 million), BRRR ($3.4 million), and HODL ($0.6 million).
The overall net asset value (NAV) of the US Bitcoin Spot ETF stands at $110.80 billion, with a market share ratio of 5.88% relative to Bitcoin’s total market value. The cumulative net inflow for Bitcoin ETFs remains high at $39.56 billion, despite yesterday’s significant outflow.
As of March 11, the total value traded in US Bitcoin Spot ETFs has reached $3.07 billion.
Ethereum ETF Trends, As of March 11
The US Ethereum Spot ETF also saw a decline, with a net outflow of $21.6 million on March 11. The largest contributor to the outflow was BlackRock (ETHA), which reported a $11.8 million loss. Fidelity’s (FETH) ETF also saw a $9.8 million outflow, bringing its cumulative net inflow to $1.44 billion. Other Ethereum Spot ETFs saw no significant inflows or outflows.
The current total net asset value of the US Ethereum Spot ETF is $9.98 billion, with an ETF net asset ratio of 3.14%. The historical cumulative net inflow for Ethereum ETFs stands at $3.15 billion.
The total value traded in US Ethereum Spot ETFs as of March 11 is $374.09 million.
The outflows are potentially a reflection of recession concerns and the US’s ongoing tariff war with other countries, which has contributed to the downtrend currently being witnessed in the overall crypto market.
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