Bitcoin, Ethereum ETFs Struggle Despite White House Following Through on Crypto Reserve
- U.S. spot Bitcoin ETFs command $110.6 billion in BTC or 5.70% of BTC’s market cap.
- Bitcoin is trading up 1.15% at $90,585; Ethereum is trading up 1.67% at $2,226.
- U.S. spot Ethereum ETFs hold $7.92 billion in net assets or 2.99% of ETH’s market cap.
U.S. spot Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) continue to chart significant outflows despite bullish tailwinds for crypto.
Crypto markets have failed to rebound from bearish trends, even though Donald Trump has officially established the long-awaited Bitcoin Strategic Reserve.
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Bitcoin ETFs
According to data from SoSoValue, Bitcoin ETFs posted their fourth-consecutive day of outflows totalling $134.26 million . This brings the week’s total net outflows to $390.1 million.
Unless funds see gigantic inflows when trading closes today, BTC ETFs have seen a four-week-long outflow streak that now totals just over $4.14 billion.
Taking the biggest loss is BlackRock’s leading fund, the iShares Bitcoin Trust (IBIT). Shedding $50.58 million from its fund, it remains the top performer with $29.61 billion in cumulative net inflows and $50.9 billion in net assets.
It’s followed by Grayscale’s Bitcoin Trust (GBTC), which posted $34.51 million in outflows. Conversely, GBTC is the worst-performing fund, losing $22.38 billion in cumulative net outflows. It now commands $17.39 billion in net assets.
Franklin Templeton’s Digital Holdings Trust (EZBC) recorded $18.05 million in net outflows, closely followed by $17.76 million in exits from ARK 21Shares Bitcoin ETF (ARKB).
As for the smaller losses, VanEck’s Bitcoin ETF (HODL) saw $8.18 million in exits, and WisdomTree’s Bitcoin Trust (BTCW) lost $5.19 million in net outflows.
Ethereum ETFs
According to SoSoValue, Ethereum funds have posted $35.89 million in daily total net inflows for March 6, 2025, marking a second day of outflows amid persistent exits.
This brings the week’s total net outflows to $96.73 million so far . Funds collectively shed $335.35 million the week prior.
Leading the outflows, Fidelity’s Ethereum Fund (FETH) posted $25.88 million in cumulative net outflows, bringing its cumulative net inflows down to $1.48 billion. Despite this, it still ranks second for cumulative flows.
BlackRock’s iShares Ethereum Trust (ETHA) took a modest hit, losing $10.01 million in net outflows. ETHA ranks number one for cumulative net inflows and net assets, which stand at $4.22 billion and $2.79 billion, respectively.
