Bitcoin exchange-traded funds (ETFs) secured a fourth straight week of inflows despite late selling pressure, while ether ETFs continued to struggle with persistent outflows, according to data from CryptoComLearn. Solana and XRP ETFs posted modest gains, suggesting a market in rotation.
Bitcoin ETFs: $95.18M Inflow Masks Late-Week Weakness
Bitcoin spot ETFs closed the week ending March 23 with net inflows of $95.18 million, extending their winning streak to four consecutive weeks. However, the headline figure masks a shift in tone. Late-week outflows, including a sharp $163 million exit on Wednesday and another $90 million on Thursday, interrupted what had been a steady climb earlier in the week.
BlackRock's IBIT and Fidelity's FBTC, often leaders during inflow periods, became the primary drivers of outflows in the latter half of the week. Bitwise's BITB, Ark & 21Shares' ARKB, and Grayscale's GBTC also posted notable redemptions. On the other hand, smaller products such as Grayscale's Bitcoin Mini Trust, Franklin's EZBC, and Valkyrie's BRRR managed modest inflows, suggesting selective positioning rather than a full retreat.
Ether ETFs: $59.94M Net Outflows, ETHA Leads Decline
Ether ETFs painted a weaker picture. The group recorded net outflows of $59.94 million for the week, weighed down by persistent selling pressure across most funds. BlackRock's ETHA led the decline, including a single-day loss exceeding $100 million. Fidelity's FETH, Grayscale's ETHE and its Mini Trust, VanEck's ETHV, Bitwise's ETHW, 21Shares' TETH, and Invesco's QETH all contributed to negative flows. Only BlackRock's ETHB stood out, consistently attracting inflows and offering a rare point of stability.
Solana and XRP ETFs: Steady Accumulation Amid Market Rotation
In smaller segments, the tone was more constructive. Solana ETFs brought in $21.10 million over the week, with steady if unspectacular demand led by Franklin's SOEZ. XRP ETFs remained quiet but positive, recording $0.64 million in net inflows despite multiple sessions with no trading activity.
Market watchers echoed the narrative that the weekly split between bitcoin and ether ETFs highlights a shift in investor preference. Bitcoin continues to command institutional attention, even as short-term sentiment fluctuates. Ether, by contrast, is struggling to maintain consistent demand. Meanwhile, Solana is quietly building traction, and XRP remains on the sidelines.
Taken together, the week reflects a market in transition. Investors are not exiting crypto ETFs outright, but they are becoming more selective. Bitcoin still leads, ether faces pressure, and smaller assets are steadily carving out their place in the background.