Spot Bitcoin exchange-traded funds (ETFs) in the US ended a five-week streak of net outflows for the trading week concluding on March 21.
Bitcoin (BTC) ETFs recorded a net inflow of $744.4 million—the largest in eight weeks—extending their daily inflow streak to six days, as reported by SoSoValue.
US-based spot Bitcoin ETF net flows are back on track. Source: SoSoValue
Five funds were responsible for the inflows, with the majority coming from BlackRock’s iShares Bitcoin Trust (IBIT), which saw $537.5 million. Fidelity’s Wise Origin Bitcoin Fund (FBTC) followed with $136.5 million.
The uptick in inflows follows a bearish phase for both the cryptocurrency market and the larger global economy, characterized by increasing concerns over escalating trade tensions and rising recession fears.
Related: A US recession could significantly impact Bitcoin: BlackRock
Earlier this year, Bitcoin ETFs experienced their largest net inflows of 2025, with $1.96 billion in the week ending January 17 and $1.76 billion the following week. Bitcoin (BTC) peaked at an all-time high of $109,000 on January 20, coinciding with the inauguration of US President Donald Trump.
Afterward, Bitcoin’s value fell into the $78,000 range as part of a broader market correction. However, with the recent inflows—the strongest since January—the price rose to $87,343 at the time of this writing, according to CoinGecko.
Bitcoin Outperforms Ethereum
In contrast, Ether (ETH) ETFs extended their streak of weekly net outflows to four weeks.
Ethereum ETF net inflows continue to decline. Source: SoSoValue
For the week ending March 21, Ethereum funds experienced a net outflow of $102.9 million, with BlackRock’s iShares Ethereum Trust ETF (ETHA) contributing $74 million to this total.
At the time of writing, Ether (ETH) was priced at $2,090, having risen from below $2,000, a level it had dipped under for the first time in over a year.
Nonetheless, there is some positive news for Ethereum, as institutions are increasingly looking to increase their exposure to the asset.
Related: Ethereum targets 65% gains from ‘cycle bottom’ as BlackRock’s ETH holdings exceed $1B
BlackRock’s BUIDL fund—which primarily invests in tokenized real-world assets (RWAs)—now holds a record $1.15 billion worth of Ether, having increased from approximately $990 million just a week prior, as reported by Token Terminal. This fresh investment in ETH reflects growing confidence from the world’s largest asset manager in Ethereum’s role as a key infrastructure for real-world asset tokenization.
Market Sentiment Improves, Yet Caution Prevails
General sentiment in the crypto market has improved over the past week, with the Crypto Fear & Greed Index rising to 45% from 32% the previous week.
However, Singapore-based investment firm QCP Capital has urged caution regarding the potential for a sustained rally.
“Upcoming tariff escalations scheduled for April 2 could once again apply pressure on risk assets,” noted QCP Capital in a market analysis dated March 24.
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