The cryptocurrency ETF market showed mixed flows on March 9, with Bitcoin funds attracting fresh inflows while Ethereum, Solana, and XRP products recorded net outflows despite a broader rally across digital assets.
Key Takeaways
Bitcoin ETFs recorded net inflows of $167.1 million.
Ethereum ETFs saw $51.3 million in net outflows.
Solana ETF products posted $2.5 million in outflows.
XRP ETFs recorded $18.11 million in net outflows.
Crypto markets rose broadly as Bitcoin reclaimed the $70,000 level.
Total crypto market capitalization climbed to roughly $2.39 trillion, while Bitcoin traded near $70,314, leading gains among major tokens.
Bitcoin ETFs
Bitcoin Price: $70,314
Spot Bitcoin ETFs posted $167.1 million in net inflows, reversing several sessions of outflows as institutional demand returned.
The largest contribution came from BlackRock’s IBIT, which attracted $109.3 million, followed by Fidelity’s FBTC with $60.1 million in inflows.
Meanwhile, Bitwise’s BITB saw a modest $4.5 million outflow, and ARK’s ARKB lost $2.7 million, while other funds were largely flat.
Bitcoin itself traded near $70,314, gaining roughly 4.6% over the past 24 hours, supported by institutional accumulation and improving market sentiment.
Ethereum ETFs
Ethereum Price: $2,052
Spot Ethereum ETFs recorded $51.3 million in net outflows on the day despite the underlying asset rising.
The largest withdrawal came from BlackRock’s ETHA, which saw $55.1 million in outflows, partially offset by $16.2 million of inflows into Fidelity’s FETH.
Other funds showed limited activity, though Grayscale’s ETHE recorded $13.4 million in outflows.
Ethereum traded around $2,052, gaining roughly 3.8% over the past 24 hours as large-cap altcoins moved higher alongside Bitcoin.
Solana ETFs
Solana Price: $86.63
Solana-linked ETF products saw $2.5 million in net outflows, reflecting muted institutional activity.
Outflows were led by VanEck’s VSOL, which recorded $2.0 million in withdrawals, while Fidelity’s FSOL posted $0.5 million in outflows.
Other Solana ETF products remained largely unchanged during the session.
The underlying Solana token traded around $86.63, rising roughly 4.5% over the past 24 hours amid strong activity across DeFi and trading markets.
XRP ETFs
XRP Price: $1.38
XRP ETF products recorded $18.11 million in net outflows, the largest among crypto ETFs during the session.
Withdrawals were led by:
Franklin XRP ETF: $4.46M outflow
21Shares XRP ETF: $4.27M outflow
Bitwise XRP ETF: $3.52M outflow
Grayscale XRP Trust ETF: $5.86M outflow
The underlying XRP token traded near $1.38, rising roughly 3.4% over the past 24 hours.
