Spot crypto ETFs in the United States recorded $173.83 million in net inflows on March 11, extending the recovery trend that began after Bitcoin stabilized near the $65,000 level. Ethereum ETFs stole the spotlight, attracting 27,480 ETH valued at roughly $57 million. Bitcoin ETFs added 1,629 BTC ($115.17 million), while Solana ETFs drew 19,040 SOL ($1.66 million). In contrast, ETFs tracking Dogecoin, Litecoin, Avalanche, Polkadot, Chainlink, XRP, and Hedera saw zero trading activity, highlighting a sharp divergence in investor appetite.
Institutional Moves Paint a Mixed Picture
Major asset managers took distinctly different positions on the day. BlackRock increased its BTC holdings by 1,630 coins (worth $115.26 million) and simultaneously bought 9,060 ETH ($18.80 million). Fidelity followed suit, purchasing 218 BTC ($15.37 million) and 9,220 ETH ($19.13 million). Grayscale, however, went the opposite way: it sold 155 BTC ($10.97 million) but bought 9,200 ETH ($19.08 million). The simultaneous Bitcoin sell and Ethereum buy by Grayscale during the same session signals a rebalancing of portfolio weightings from Bitcoin toward Ethereum. This adjustment either reflects the view that ETH is relatively undervalued or results from a broader portfolio reshuffle in line with current market perceptions.
Institutional players are not fixating on a single asset; instead, different funds and managers are charting their own courses based on independent market evaluations. The divergences in buying and selling patterns underscore a climate of active management and alternative digital asset strategies within institutional trading floors.
XRP ETFs Stall Amid Ripple's $750M Buyback
No new trades were recorded in XRP ETFs, coinciding with Ripple's announcement of a $750 million buyback plan that values the company at $50 billion. While the buyback has sparked debates over short-term and long-term outlooks among institutional investors, the ETF data shows that capital inflows into XRP have been declining over the past several weeks. The contrast between Ethereum's surge and XRP's stagnation is stark.
Overall, the recovery trend across spot crypto ETFs in the United States persists. The $173.83 million in net additions on March 11 reinforces sustained institutional interest in these products, especially following Bitcoin's stabilization around the $65,000 price level. The market is moving from broad-based chasing to selective allocation, with Ethereum emerging as the preferred target in the current phase.