Bitcoin ETFs Bleed $143M While Ethereum Saw Massive Inflow
The U.S. spot Bitcoin ETF market is in turmoil as net outflows have almost doubled due to growing concerns about President Donald Trump’s controversial crypto reserve recommendations. Bitcoin ETFs had outflows of $143.43 million on March 4, and Bitcoin triggered a large-scale liquidation. Despite the Ethereum ETF’s $14.6 million gain, it lost eight days of outflow streak.
Bitcoin ETFs see massive outflows
According to Farside data, the Bitcoin point ETF records the total number Outflow $143.5 Millions, almost double the net outflow of $74.19 million the day before.
Leading the outflow charge, Fidelity’s FBTC and ARK 21Shares’ ARKB saw the biggest losses, with outflows of $46.08 million and $43.92 million. Franklin Templeton’s EZBC is also facing huge sales as investors earn $35.71 million.
Other Bitcoin ETFs, including Bitwise, Invesco Galaxy and WisdomTree ETFs, have also seen funds. However, the net inflow of Grayscale’s mini-bitcoin trust fund was $35.77 million, slightly offsetting losses.
Bitcoin triggers large-scale clearing
Meanwhile, the price of Bitcoin has been trading About $87,620 Reflecting a 5.4% rise, this sudden drop caused a wave of liquidation and traders lost Total $479 million In just 24 hours.
About 159,125 traders were affected, with the largest single liquidation taking place in Binance’s XRP/USDT pair worth $6.82 million.
Ethereum ETF returns inflow
After eight consecutive days of outflow, Ethereum Spot ETF Record Net inflows on March 4 were $14.58 million. Fetely’s Feth leads with $21.67 million in new capital, while Grayscale’s Ethe and Mini Bitcoin Trust funds attracted $10.71 million and $8.46 million respectively.
On the other hand, BlackRock’s IBIT outflow was $26.27 million, but that’s not enough to change the overall trend.
Ethereum price analysis
Ethereum prices also show some recovery, up 6% Trading close to $2,200. However, it still faces resistance at the $2,280 level, and if it fails to break through, another drop could be below $1,900.
On the other hand, if it exceeds the $2280 resistance, its price will be upwards of $2500.
