The week of March 2–6 was a tale of two halves for crypto exchange-traded funds. While early momentum looked like a runaway freight train, a late-week chill hit the market, reminding investors that institutional sentiment can turn on a dime. By Friday, the broader picture was one of resilience, though the appetite for risk was clearly being filtered through a more selective lens.
Bitcoin ETFs Remain the Champion
Bitcoin remained the heavyweight champion, pulling in $568 million in net inflows for the week. BlackRock’s iShares Bitcoin Trust ($IBIT) led the charge, stacking up roughly $660 million in new capital. However, the week wasn’t a total runaway victory for the bulls. Fidelity’s Wise Origin Bitcoin Fund ($FBTC) finished with about -$153 million in outflows, largely due to heavy selling pressure late in the week.
Other players kept their heads above water. Grayscale’s Bitcoin Mini Trust ($BTC) added about $46 million, while Franklin Templeton’s Franklin Bitcoin ETF ($EZBC) and Invesco’s Invesco Galaxy Bitcoin ETF ($BTCO) posted gains of $22 million and $15 million, respectively. WisdomTree’s WisdomTree Bitcoin Fund ($BTCW) brought in $16 million, VanEck’s VanEck Bitcoin Trust ($HODL) added $10 million, and Valkyrie’s Valkyrie Bitcoin Fund ($BRRR) gained $17 million.
On the flip side, funds like Bitwise’s Bitwise Bitcoin ETF ($BITB), Ark & 21Shares’ ARK 21Shares Bitcoin ETF ($ARKB), and Grayscale’s Grayscale Bitcoin Trust ($GBTC) faced a tougher week, seeing outflows of $24 million, $7 million, and $35 million, respectively.
Ether Funds Feel the Heat
Ether ETFs had a much quieter week, managing a total net inflow of $23.56 million. BlackRock’s iShares Ethereum Trust ETF ($ETHA) was the star performer, pulling in $133 million. Grayscale’s Grayscale Ethereum Mini Trust ($ETH) also had a solid showing, adding about $84 million, with Grayscale’s Grayscale Ethereum Trust ($ETHE) tacking on nearly $16 million. Despite these gains, Fidelity’s Fidelity Ethereum Fund ($FETH) saw massive withdrawals of $218 million, which acted as an anchor on the sector’s overall performance.
Solana Stays Steady while XRP Slips
Solana funds quietly accumulated capital, recording $24.05 million in weekly inflows. This performance was almost entirely driven by Bitwise’s Bitwise Solana Staking ETF ($BSOL), which pulled in roughly $34 million. Meanwhile, XRP ETFs faced a rough patch, closing the week with $4.08 million in net outflows. While Canary’s Canary XRP ETF ($XRPC) stood out with $6 million in inflows, it wasn’t enough to offset the combined selling from 21Shares’ 21Shares XRP ETF ($TOXR), Franklin Templeton’s Franklin XRP ETF ($XRPZ), Grayscale’s Grayscale XRP Trust ($GXRP), and Bitwise’s Bitwise XRP ETF ($BITX).
