As of the end of March, Ethereum’s net outflows exceeded $67 million.
Led by Bitcoin’s dominance, the digital asset market saw more than $800 million in inflows last week, according to a weekly traffic report shared by James Butterfill, head of research at CoinShares.
The surge marks a rapid rebound after nearly $1 billion in outflows observed the previous week.
There is a huge inflow of funds into Bitcoin in the United States
Bitcoin experienced net flows of up to $865 million, driven by flows into newly launched exchange-traded funds in the United States.
The trio of BlackRock IBIT, Fidelity FBTC and Ark 21 Shares ARKB attracted a combined $1.53 billion in inflows.
In contrast, Grayscale’s GBTC has continued to see outflows, with $960 million flowing out over the past week. This brings GBTC’s total outflows in March to over $6 billion, with the year-to-date metric exceeding $14.7 billion.
In terms of geographical distribution, the United States still dominates due to the emergence of spot Bitcoin ETF products. In the past week, the country reached $897 million in inflows, taking its total monthly flows to $5.7 billion.
Meanwhile, Brazil and Australia witnessed modest inflows of $2.9 million and $1.5 million respectively.
However, Canada and several European countries, including Germany, Switzerland and Sweden, reported outflows ranging from $2.4 million to $20.3 million, consistent with their negative monthly performance trends.
Ethereum witnesses witnessing capital outflows
Ethereum continues to experience continuous outflows, with another $19 million in negative flows, bringing its total outflows in the past month to $67.2 million.
On the other hand, several altcoins experienced positive momentum, with Solana, Litecoin, XRP, Cardano, and Polkadot all seeing inflows. Solana topped the list with $6.1 million in inflows, while XRP attracted a notable $3.8 million despite Ripple’s ongoing case against the U.S. Securities and Exchange Commission (SEC).
Short-term Bitcoin products also experienced an outflow of $2 million this time, reflecting a return to optimism as Bitcoin stabilized around the $70,000 mark over the past week. #比特币ETP #资金外流
