Crypto ETFs Mixed as Bitcoin Tops $70K, Ethereum and Solana Funds See Outflows
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.
The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
Alexander Zdravkov is a market analyst and crypto journalist with interests in economics, broader financial markets and digital assets. His journey into crypto began more than four years ago, driven by a fascination with the rapid evolution of blockchain technology and the transformative potential of decentralized finance. He began analyzing market cycles and identifying emerging trends before they reach the mainstream. He holds a degree in International Relations - a background that helped shape his broader perspective on global economics, geopolitics, and the interconnected nature of modern financial markets. Whether covering the latest developments in the crypto sector or exploring broader macroeconomic themes, Alexander focuses on giving readers context rather than simply repeating headlines. During his career, he has authored more than 5,000 articles covering cryptocurrencies, traditional finance, and global market developments. His work spans everything from Bitcoin and altcoins to macroeconomic trends influencing risk assets worldwide.
