U.S. Ether ETFs Experience $401 Million in Net Outflows in March
In March, U.S. exchange-traded funds linked to ether experienced $401 million in net outflows, reversing earlier gains from January and February.
- Outflows represent nearly 6% of the total $6.77 billion in assets held by spot ether ETFs.
- Only one day in March saw positive inflows: $14.58 million on March 4.
- January and February recorded inflows of $101 million and $60 million, respectively.
- Spot bitcoin ETFs faced $893 million in net outflows, approximately 0.9% of $94.35 billion in assets under management.
- Bitcoin funds are still net positive for the year with $5.25 billion inflows in January.
- Ether has dropped around 8.5% since March 1, while bitcoin gained over 3%.
- Year-to-date, ether is down over 37% to about $2,080; bitcoin declined 7.5% to about $87,300.
- The CoinDesk 20 Index fell 21% during the same period.
- Ether ETFs have a net inflow of $2.42 billion since their launch, compared to $36.05 billion for bitcoin ETFs.