- Ethereum ETFs posted $53 million in outflows, led by BlackRock’s ETHA with $40 million, continuing a 10-day streak of negative flows.
- Bitcoin ETFs regained strength, bringing in $209 million on Tuesday, led by BlackRock’s IBIT, marking three straight days of net inflows.
- Staking proposals for Ethereum ETFs, including 21Shares Core Ethereum ETF, are under SEC review and seen as potential game-changers by the market.
Ethereum-focused exchange-traded funds recorded another wave of outflows, continuing a streak of 10 consecutive trading days in the red. According to SoSoValue, total outflows from Ethereum ETFs reached $53 million.
BlackRock’s iShares Ethereum Trust ETF (ETHA) saw the largest portion of redemptions, with $40 million withdrawn. Grayscale’s Ethereum Mini Trust (ETH) followed with $9.33 million in outflows, while Fidelity’s Ethereum Fund (FETH) also saw $3.32 million in withdrawals.
Ethereum ETF products have not seen positive inflows since March 4. On March 7, the segment experienced its steepest decline, with a single-day outflow of $409 million. This pressure has persisted despite market expectations and recent filing updates.
ETF Staking Proposal Awaits SEC Review
Multiple issuers are seeking regulatory approval to add staking features to Ethereum ETFs. The Cboe BZX Exchange has requested the SEC to permit staking for the 21Shares Core Ethereum ETF (CETH). Market participants see this as a potential catalyst to revive inflows.
While Ethereum ETFs struggle, Bitcoin-focused products have seen a solid rebound. On Tuesday, Bitcoin ETFs recorded $209 million in net inflows. This marked the third straight trading day of gains for Bitcoin funds.
BlackRock’s iShares Bitcoin Trust ETF (IBIT) dominated the recent recovery, bringing in $218 million of Tuesday’s inflows. The fund also posted gains on Monday, when Bitcoin ETFs collectively attracted $274 million.
Other Bitcoin ETFs Struggle Despite Uptrend
Despite overall gains, not all Bitcoin ETFs are seeing positive flows. The ARK 21Shares Bitcoin ETF recorded $9 million in outflows, signaling uneven investor sentiment across issuers.
Although there were minor inflows in recent sessions, they remain insufficient to reverse the broader outflow trend. The damage done between March 6 and March 11 remains significant.
