Coinpaper
2025-03-27 19:26:39

Spot Bitcoin ETFs Raised $89.57 Million, Outflows Continued in Ethereum ETFs

March 26 bitcoin and Ethereum ETFs saw different dynamics. Bitcoin ETFs saw inflows of $89.57 million. Ethereum ETFs saw outflows of $5.89 million . Only BlackRock's IBIT fund recorded an inflow of $107.89 million on March 26. Bitwise's BITB product faced an outflow of $18.32 million. No movement of funds was observed in other ETFs. Ethereum ETFs saw outflows of $3.21 million. ETH and FETH funds lost $4.9 million and $996,090, while the other ETFs saw no capital flows. No activity has been detected in the Hong Kong sector of spot bitcoin and Ethereum ETFs. Bitcoin whales have accumulated over 129,000 BTC since March 11 Large holders with more than 10,000 BTC in their accounts are actively accumulating bitcoins, Glassnode experts said. Since March 11, the balance of their wallets has grown by more than 129,000 BTC ($11.2 billion). According to the portal's report, the Accumulation Trend Score for this group is more than 0.5. This indicates that investors who are in this category exclusively accumulate bitcoins. At the same time, traders with smaller balances follow mostly the reverse strategy, selling crypto-assets, Glassnode noted. However, the overall indicator value for the market stands at 0.235 as of March 25. This is a new maximum since January 4, indicating a change in trend among holders in general: As you can see in the chart below, whales started accumulating bitcoins starting on March 11. The trend accelerated towards the end of the month: The average volume of the first cryptocurrency per major holder also continues to increase. However, the indicator remains below the values of December-February, which, according to experts, leaves the potential for further growth if the trend continues; The trend towards bitcoin accumulation by large holders has emerged amid a decline in the supply share of the first cryptocurrency on the accounts of cryptocurrency exchanges. Since March 9, the chart shows a consistent decline: Other metrics also point to a change in trend. In particular, it is the share of bitcoin addresses that hold the first cryptocurrency for a year or more. This indicator began to fall in mid-January 2025. However, since the beginning of March, there has been an upward trend - from 61.9% to 63.4% as of March 27;

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