The 11 Bitcoin ETFs ended yesterday with a $218.1 million inflow, ending three straight days of outflow that saw the funds lose $311.6 million. The Bitcoin ETFs have slowly recovered from the Early March meltdown fuelled by Donald Trump’s Tariff wars with geopolitical rivals. The dark days saw Bitcoin drop to as low as $75,000 from its all-time high of $108,786, setting off an ill wind that swept across the market, turning it red.
Yesterday, the Bitcoin ETFs showed that the market is slowly recovering, and investors are slightly regaining optimism. Farside investors UK revealed that Ark 21 shares ARKB led the daily inflows, pulling in $130.2 million, while Fidelity’s FBTC pulled in $118.8 million.
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Grayscale BTC and Bitwise BITB pulled in $34.3 million and $33.4 million, respectively. Blackrock’s IBIT recorded the only outflow for the day, losing $115.9 million. 7 of the 11 Bitcoin ETF funds recorded transactions, a significant increase from last month’s dark days. At the time of the report, Bitcoin exchanged hands for $83,176.
Ethereum ETFs Continue Abysmal Performance
Ethereum ETFs continued its Abysmal performance yesterday as investors continue to avoid the product. Of the nine existing Ethereum ETFs, only two recorded transactions were outflows. The Ethereum ETFs recorded an outflow of $51.3 million from two Funds. Blackrock’s ETHA lost $20.2 million, while Grayscale’s ETHE lost $31.1 million.
Bitwise Invest CEO Hunter Horsley explained last year why Ethereum ETFs were underperforming compared to their Bitcoin counterparts.
“I think three things worked against their launch: (1) Summer: for many investors, summer is a slow period. You monitor but don’t take on a lot of new projects.
(2) Market: Bull markets always draw focus. Bitcoin ETPs launched amid a rising Bitcoin, and Ether ETPs launched in a sideways market.
(3) Right-After-Bitcoin ETPs: Many traditional investors need some time to figure out how to incorporate Bitcoin after the launch of the ETPs. Ethereum arriving before that was solved made it hard to turn attention to it. He said.
Bitwise CIO Matt Hougan predicted that Ethereum ETFs would pull in $15 billion within the first 18 months of launch. Unfortunately, this has not been the case, as the ETFs continue to lag behind their Bitcoin counterparts, recording losses and experiencing poor investor activity. Ethereum is currently exchanging hands for $1,799, down 4.1% in the past 24 hours.
