After a prolonged dry spell, Bitcoin ETFs experienced a significant resurgence, while Ethereum-based funds continued to struggle, reflecting shifting investor sentiment in the cryptocurrency market.
Bitcoin ETFs End Outflow Streak
US-based spot Bitcoin ETFs broke a five-week streak of net outflows during the trading week ending March 21, 2025. These ETFs recorded a net inflow of $744.4 million, the largest in eight weeks, with a six-day daily inflow streak. BlackRock’s iShares Bitcoin Trust (IBIT) contributed the most with $537.5 million, followed by Fidelity’s Wise Origin Bitcoin Fund (FBTC) with $136.5 million. The total net flow for Bitcoin ETFs on March 21, 2025, was $83.1 million. IBIT saw an inflow of $105 million, while GBTC experienced an outflow of $21.9 million.
The renewed inflows mark a positive shift after concerns about trade tensions and recession. Earlier in the year, Bitcoin ETFs saw their largest net inflows of 2025, with $1.96 billion in the week ending January 17 and $1.76 billion the following week.
Ethereum ETFs Extend Outflow Trend
Ether ETFs experienced their fourth consecutive week of net outflows. However, institutions are still deepening their exposure to the asset. BlackRock’s BUIDL fund, which invests in tokenized real-world assets (RWAs), now holds $1.15 billion worth of Ether, an increase from $990 million the previous week. This ETH injection signals growing conviction in Ethereum’s role as infrastructure for real-world asset tokenization from the world’s largest asset manager.
Market Sentiment Improves Amidst Caution
Overall market sentiment has improved, with the Crypto Fear & Greed Index rising from 32% to 45%. However, investment firm QCP Capital advises caution due to upcoming tariff escalations.
