BlackRock Absorbs $600 Million in Bitcoin as One Major Crypto Bleeds
BlackRock's IBIT ETF absorbed $600.1 million in Bitcoin during a week of $767 million net inflows into BTC spot ETFs, while XRP ETFs experienced $28.07 million in outflows.Summary
Bitcoin spot ETFs saw $767 million in net inflows between March 9 and March 13, with BlackRock’s IBIT leading the way at $600.1 million. This marks the first consecutive five-day inflow streak for BTC ETFs in 2026. Grayscale’s GBTC continued to be a major seller, with $25.9 million in outflows. Ethereum spot ETFs also saw positive momentum, attracting $160.9 million, led by Fidelity’s FETH. Solana ETFs experienced modest inflows of $10.7 million. Conversely, XRP spot ETFs bucked the trend, recording $28.07 million in net outflows, making it the only major crypto ETF category to see withdrawals despite cumulative inflows exceeding $1.2 billion since launch. The reason for this divergence in XRP’s performance remains unclear.
(Source：BeInCrypto)