Bitcoin exchange traded funds in the United States continued attracting investor capital this week, adding $251 million in inflows on Tuesday. The latest data shows steady demand for spot Bitcoin ETFs despite short-term volatility in the crypto market.
The new inflows followed $167 million recorded the previous day, pushing total net inflows for March to approximately $1.56 billion. This marks a significant recovery compared with the $576.6 million in outflows seen earlier in the year. During the same period, Bitcoin briefly dipped below the $70,000 mark, falling near $69,400 before stabilizing close to $69,800.
XRP ETF Activity Shows Retail-Driven Demand
While Bitcoin ETFs gained new investments, funds tracking XRP recorded about $3.9 million in outflows, marking the fourth consecutive day of withdrawals. However, the pace of selling slowed compared with larger redemptions earlier in the week.
Institutional filings reveal that Goldman Sachs holds the largest reported position in XRP exchange-traded funds, with approximately $154 million in exposure. Other institutional investors include Millennium Management and Logan Stone Capital, though their holdings remain significantly smaller.
Institutional Versus Retail Ownership in Crypto ETFs
Ownership data highlights clear differences in investor profiles across crypto ETFs. About 15.9% of XRP ETF assets are reported in institutional filings, compared with nearly 48.8% for Solana ETFs. Funds linked to Bitcoin and Ethereum sit between the two, reflecting a mix of institutional and retail participation.
In a post on X, Seyffart provided a breakdown of four groups of ETFs;
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.