Crypto ETFs Record Third Straight Outflow Day Led by BlackRock Funds

Spot Bitcoin ETFs recorded a total net outflow of $52.1 million on March 20 (ET), marking the third consecutive day of withdrawals, according to SoSoValue data. The largest outflow came from BlackRock’s IBIT, which saw $45.94 million leave the fund, accounting for the majority of the daily decline.

Despite the broader negative trend, some funds recorded gains. VanEck’s HODL ETF posted a net inflow of $2.96 million, showing selective investor interest even as overall sentiment remained cautious.

Ethereum ETF Flows Also Remain Negative

Spot Ethereum ETFs mirrored Bitcoin’s trend, logging their third straight day of net outflows totaling $41.97 million. BlackRock’s ETHA led the declines with $31.45 million in withdrawals.

While most Ethereum funds faced selling pressure, BlackRock’s ETHB, a staked Ethereum ETF, recorded a net inflow of $5.47 million. The mixed flows suggest investors are shifting positions rather than exiting entirely, reflecting ongoing adjustments within crypto-linked investment products.

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.