Bitcoin Spot ETFs Experience Highest Inflow in Six Weeks

On March 17, inflows into spot ETFs based on digital gold reached $274.59 million, a level not seen since February 4.

This influx trend continued for the second consecutive day.

Overall, the total inflows rose to $35.58 billion, with assets under management (AUM) amounting to $94.48 billion.

On March 17, the most significant contributions to this positive trend came from Fidelity Investments’ FBTC, which saw $127.3 million, and ARKB from ARK Invest & 21Shares, which contributed $88.5 million.

In contrast, the negative trend of outflows from spot Ethereum ETFs extended to nine days.

On March 17, clients withdrew $7.3 million from these products, bringing the total for the specified period up to $297.6 million.

The cumulative inflow decreased to $2.51 billion, while AUM stood at $6.77 billion.

Additionally, Standard Chartered has revised its Ethereum price forecast for 2025, lowering it from $10,000 to $4,000.

On March 17, developers of the second-largest cryptocurrency network launched a new long-term test network called Hoodi, which will assist in finalizing the verification of the Pectra upgrade.