Bitcoin Spot ETF Saw $760 Million in Inflows Last Week! But Whether the Rally Continues Requires Monitoring 3 Key Factors

U.S. Cryptocurrency Spot ETFs Rebound Last Week, Bitcoin Attracts $763.4 Million, Ethereum $160.9 Million, Prices Also Rise, But Central Bank and Oil Price Variables Remain.

U.S. cryptocurrency spot ETFs showed a clear rebound last week. According to Farside Investors data, from March 9 to 13, U.S. Bitcoin spot ETFs had a total net inflow of about $763.4 million, while Ethereum spot ETFs saw approximately $160.9 million in net inflows during the same period. Bitcoin ETFs maintained net inflows for five consecutive trading days. Ethereum ETFs experienced a brief outflow at the start of the week but turned positive for four consecutive days from midweek, indicating an improvement in institutional fund flow.

Farside data shows that Bitcoin spot ETFs recorded net inflows of $167.1 million, $246.9 million, $115.2 million, $53.8 million, and $180.4 million on March 9-13, totaling approximately $763.4 million. During the same period, Ethereum spot ETFs recorded net flows of -$51.3 million, $12.6 million, $57 million, about $115 million, and $26.7 million, totaling around $160.9 million.

In terms of price performance, Ethereum also rebounded during the week. On March 9, Ethereum closed at $1,992.94, and by March 14, it closed at $2,097.09, with intraday highs exceeding $2,206. On March 14, Bitcoin closed at $71,214.63. This indicates that during the ETF fund inflow period, Ethereum regained above $2,000, and Bitcoin returned to the $70,000 range.

Focusing solely on Ethereum ETFs, the midweek marked a clear turning point. On March 9, there was a net outflow, but from March 10 onward, four consecutive days of net inflows occurred, with a peak of about $115 million on March 12. This roughly coincides with the acceleration of Ethereum’s price rally in the latter half of the week.

The market generally attributes this rebound to two factors. On one hand, ETF fund inflows provided a clear signal of increased buying interest; on the other hand, geopolitical risks increased, and cryptocurrencies performed relatively strongly in mid-March. MarketWatch pointed out that despite pressure in stocks and bonds, on March 13, crypto ETFs rose against the trend, with the iShares Bitcoin Trust up 2.2% and the iShares Ethereum Trust up 3.4%. During the same period, some funds viewed cryptocurrencies as alternative assets under regional financial stress, driving Bitcoin and Ethereum to recover from earlier lows.

Over the weekend, the trend continued with strength. Ethereum closed at $2,097.09 on March 14, and intraday on March 16, it reached $2,111.19; Bitcoin closed at $71,214.63 on March 14 and reached $72,523.18 intraday on March 16. According to Binance data, at the time of writing, Bitcoin was trading at $72,713.9 and Ethereum at $2,237.5, indicating continued buying interest after the weekend.

However, future trends still face significant variables. This week, many central banks worldwide will hold policy meetings, and tensions in the Middle East and oil price fluctuations continue to complicate inflation outlooks. Asian markets remain cautious about the Persian Gulf situation, with Brent crude oil back near $104 per barrel. This suggests that while crypto markets are supported short-term by ETF inflows, sustained high oil prices and rising inflation expectations could still cause volatility in risk assets.

Looking ahead, the market is focused on three key points. First, whether Bitcoin spot ETFs can continue their five-day streak of net inflows, as this is the most direct source of support for this rebound. Second, whether Ethereum ETFs can sustain their midweek momentum; continued inflows generally make Ethereum’s price more resilient. Third, whether macroeconomic and geopolitical risks escalate, especially with central bank decisions and oil price movements this week, which could influence market expectations for rate cuts and risk assets. Based on current data, ETF fund flows are temporarily bullish, but whether the recent rebound can be further extended depends on new capital flows and macro events this week.

• This article is reprinted with permission from: “Block Guest”
• Original title: “Hot Money Inflows! Bitcoin Spot ETF Inflows Reach $760 Million Last Week, Ethereum ETF Also Attracts Funds”
• Original author: Anfei