Crypto ETFs Gain as Bitcoin Trades Back Near $70K

TLDR

• Crypto ETFs recorded fresh inflows on March 10 as Bitcoin traded near the $70,000 level.
• U.S.-listed spot Bitcoin funds attracted $246.9 million in net inflows after recent outflows.
• BlackRock’s IBIT led the gains with $185.8 million in new capital.
• Ethereum ETFs returned to positive territory with $12.6 million in net inflows.
• Solana-linked funds reported flat flows while XRP ETFs posted $3.88 million in net outflows.

Crypto investment products returned to net inflows on March 10 as digital assets extended their rebound. Bitcoin briefly reclaimed the $70,000 level and supported broader market sentiment. U.S.-listed spot funds led the recovery, while Ethereum products also posted fresh inflows.

Crypto ETFs Record Fresh Inflows

U.S.-listed spot Bitcoin funds posted $246.9 million in net inflows on March 10. This reversal followed several sessions of withdrawals earlier in the month. BlackRock’s IBIT led the day with $185.8 million in new capital.

Fidelity’s FBTC added $33.5 million, while Bitwise’s BITB drew $16.4 million. ARK’s ARKB recorded $4.1 million in inflows during the session. However, Valkyrie’s BRRR reported a $4.1 million outflow, and VanEck’s HODL gained $5.9 million.

These flows reversed the nearly $349 million in outflows recorded on March 6. Bitcoin traded around $70,314 during the session and supported demand. Market data showed that a sustained move above $71,000 could open a path toward $74,000.

However, failure to hold above $68,000 may trigger consolidation. The broader crypto market capitalization rose to about $2.39 trillion. The Fear and Greed Index climbed to 26, which still reflects fear.

Ethereum ETFs See Modest Recovery

Spot Ethereum funds recorded $12.6 million in net inflows on March 10. This shift followed a $51 million outflow during the previous session. Fidelity’s FETH drove activity with $10.7 million in new inflows.

Grayscale’s mini ETH ETF posted smaller inflows during the session. BlackRock’s ETHA reported no new flows despite Ethereum’s rebound. Ethereum traded near $2,052 after moving back above the $2,000 level.

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Data showed that Ethereum funds experienced volatile flows in recent weeks. Regulatory developments and staking structures shaped fund activity. However, the latest session reflected stabilizing demand.

Solana and XRP Funds Show Mixed Activity

Solana-linked exchange-traded products reported flat flows on March 10. Funds such as Bitwise’s BSOL and VanEck’s VSOL recorded no meaningful changes. Solana traded at $85.42 and declined 1.5% over 24 hours.

Earlier in the month, these products attracted modest inflows before activity slowed. Some Solana funds allow staking yield, which differentiates them from other products. Market data showed that current flows remained unchanged.

XRP exchange-traded funds posted $3.88 million in net outflows. Withdrawals mainly affected Bitwise’s XRP ETF during the session. Other products, including Canary’s XRPC and Franklin’s XRPZ, showed no activity.

XRP traded near $1.37 despite a 2% daily decline. Trading activity across XRP funds has remained inconsistent since launch. The latest data confirmed continued but limited outflows in the sector.