U.S. spot ether ETFs have seen a significant $401 million in net outflows during March. This figure represents nearly 6% of the total $6.77 billion in assets these funds hold. Only on March 4 did these ETFs see positive inflows, amounting to $14.58 million. In contrast, January and February had inflows of $101 million and $60 million, respectively. Spot bitcoin ETFs also experienced withdrawals, totaling $893 million this month, but this only accounted for 0.9% of their $94.35 billion in assets. Bitcoin funds remain in the positive for the year, buoyed by $5.25 billion in inflows in January. Since March 1, ether has declined by about 8.5%, while bitcoin has risen over 3%. Year-to-date, ether has dropped over 37% to around $2,080, whereas bitcoin has fallen by 7.5% to approximately $87,300. The CoinDesk 20 Index also fell by 21% in the same period. Despite the downturn, ether ETFs have net inflows of $2.42 billion since their inception, though this pales in comparison to the $36.05 billion attracted by bitcoin ETFs.
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