Bitcoin ETFs Bleed $143M While Ethereum Saw Massive Inflow

The post Bitcoin ETFs Bleed $143M While Ethereum Saw Massive Inflow appeared first on Coinpedia Fintech News

The U.S. spot Bitcoin ETF market is in turmoil as net outflows nearly double, fueled by growing fears over President Donald Trump’s controversial crypto reserve proposal. Bitcoin ETFs saw $143.43 million in outflows on March 4, with a Bitcoin triggering massive liquidation. While Ethereum ETFs gained $14.6 million, breaking an eight-day outflow streak.

Bitcoin ETFs See Heavy Outflows

According to Farside data, Bitcoin Spot ETFs recorded a total outflow of $143.5 million, nearly double the amount that came in the previous day’s net outflow of $74.19 million.

Leading the outflow charge, Fidelity’s FBTC and ARK 21Shares’ ARKB saw the biggest losses, with outflows of $46.08 million and $43.92 million. Franklin Templeton’s EZBC also faced heavy selling, as investors pulled out $35.71 million.

Other Bitcoin ETFs, including those from Bitwise, Invesco Galaxy, and WisdomTree, also saw funds being pulled out. However, Grayscale’s mini Bitcoin Trust recorded a net inflow of $35.77 million, slightly offsetting the losses.

Bitcoin Triggers Massive Liquidation

Meanwhile, bitcoin price has been trading around $87,620 reflecting a rise of 5.4% This sudden drop caused a wave of liquidations, with traders losing a total of $479 million in just 24 hours. 

Around 159,125 traders were affected, with the biggest single liquidation happening on Binance’s XRP/USDT pair, worth $6.82 million.

Ethereum ETFs Return to Inflows

After eight consecutive days of outflows, Ethereum Spot ETFs recorded a net inflow of $14.58 million on March 4. Fidelity’s FETH led the way with $21.67 million in fresh capital, while Grayscale’s ETHE and mini Bitcoin Trust funds attracted $10.71 million and $8.46 million, respectively.

On the other hand, BlackRock’s IBIT saw an outflow of $26.27 million, but it wasn’t enough to change the overall trend.

Ethereum Price Analysis 

Ethereum’s price also showed some recovery, surging 6% to trade near $2,200. However, it still faces resistance around the $2,280 level, and if it fails to break through, another decline could follow below $1900.

On the other hand, if it breaks above the $2280 resistance its price will see an uptrend to $2500.