Bitcoin ETF Sees Inflow of $84.17M, Ethereum ETF sees None

Bitcoin spot ETFs continued their positive momentum with a net inflow of $84.17 million on March 24, marking the seventh consecutive day of inflows.

Bitcoin ETFs Trends: March 24

According to data from sosovalue, the Bitcoin spot ETF saw a total net inflow of $84.17 million yesterday (March 24, Eastern Time). Meanwhile, Ethereum spot ETFs saw no inflows on the same day.

As of March 24, the cumulative total net inflow for Bitcoin spot ETFs stands at $36.13 billion. The Bitcoin spot ETF with the highest daily net inflow was the Fidelity Bitcoin ETF (FBTC), which attracted $82.85 million. FBTC’s total net inflow has now reached $11.47 billion. The second largest inflow came from the Bitwise Bitcoin ETF (BITB), which saw $19.23 million, bringing its cumulative net inflow to $2.04 billion.

On the other hand, the Bitcoin spot ETF with the largest daily net outflow was the Ark Invest and 21Shares Bitcoin ETF (ARKB), which experienced a net outflow of $40.97 million. Despite the outflow, ARKB’s total historical net inflow remains strong at $2.63 billion.

As of the latest data, the total net asset value (NAV) of Bitcoin spot ETFs is $99.31 billion, with the ETF net asset ratio (market value as a percentage of total Bitcoin market value) at 5.7%. The cumulative historical net inflow for Bitcoin spot ETFs has reached $36.13 billion.

In contrast, the US Ethereum spot ETFs did not register any inflows on March 24. The cumulative net inflow for Ethereum spot ETFs, as of March 24, stands at $2.42 billion.

Also Read: US Bitcoin ETFs See Weekly $559M Outflows; Ethereum ETF Sees $1.61M Inflows Last Week

Written by
Ritu Lavania

Ritu Lavania is a versatile Web3 content creator with over three years of experience in the crypto space. She is part of the team at CryptoNewsZ, where she writes insightful and engaging content. She has also contributed to TheCryptoTimes and The Coin Edition, where her work has been well received by the crypto community. Skilled in research, creative writing, SEO, and cross-functional collaboration, she creates content tailored to diverse audiences. Passionate about education, she dedicates time to teaching kids and expressing herself through poetry. Always eager to learn, she continuously explores new trends in blockchain and digital assets. She believes in the power of storytelling to make complex crypto topics more accessible and engaging for readers worldwide.