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The Coin Rise 2025-03-29 21:00:11

Bitcoin ETFs 10-Days Inflow Streak Ends As Bitcoin Struggles

U.S.-based spot Bitcoin Exchange Traded Funds (ETF) hit a roadblock on Friday after ten days of continuous inflows. This happened as Fidelity’s FBTC fund recorded $93.16 million in outflows. This marked the first break in the longest inflow streak of the year. Meanwhile, other funds saw little activity, signaling a slowdown in investor enthusiasm. Interestingly, FBTC had seen $97.14 million in inflows just the day before, showing how quickly market sentiment can shift. Despite the outflow, trading volume across all Bitcoin ETFs rose slightly on Friday, reaching $2.22 billion. Bitcoin ETF Faces a Tough Quarter, Institutional Interest Still Present Over the past ten days, Bitcoin ETFs accumulated over $1 billion in value, a figure that Presto Research analyst Min Jung described as relatively modest. This suggested that while investors are interested in Bitcoin, they are not rushing in aggressively. The decline in ETF inflows comes as Bitcoin struggles to close Q1 on a positive note. The leading crypto asset has been down 1.93% in the past 24 hours, trading at $82,389, and has dropped 11.67% since the start of 2025. Amidst the bearish downturn, many investors are optimistic that crypto assets will surge soon. If Bitcoin manages to recover slightly, it could close Q1 better than its 10.83% loss in 2020. However, the steep 49.7% plunge from Q1 2018 remains unmatched. Ethereum ETFs See First Positive Inflow in Weeks While Bitcoin ETFs lost momentum, U.S.-based spot Ethereum ETFs finally saw a positive inflow after 17 consecutive days of outflows. Grayscale’s ETHE fund recorded a modest $4.68 million inflow on Friday, while other Ethereum funds remained neutral. Grayscale’s ETHE remains the largest spot ETH ETF, holding $2.28 billion in net assets, slightly more than BlackRock’s ETHA at $2.24 billion. However, Ethereum ETFs hold just $6.42 billion in assets, compared to the massive $94.39 billion in Bitcoin ETFs. Ethereum Gears Up for Pectra Upgrade Amid Price Dip Meanwhile, the Ethereum network is preparing for its next big upgrade, Pectra, which is expected to launch in late April or early May. The upgrade has successfully launched on the Hoodi testnet after facing issues when deployed on the Sepolia testnet. Ethereum’s (ETH) price remains under pressure, trading at $1,822.78, down by 2.85% in the past 24 hours, according to CoinMarketCap data. Many believe the Pectra upgrade could help boost Ethereum’s market price by improving network efficiency, attracting more developers, and boosting investor confidence. However, external factors such as macroeconomics and overall market sentiment must still be considered. The post Bitcoin ETFs 10-Days Inflow Streak Ends As Bitcoin Struggles appeared first on TheCoinrise.com .

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