Bitcoin ETFs faced withdrawals as well, but at a relatively smaller scale than ether ETFs.
U.S. spot ether (ETH) exchange-traded funds (ETFs) experienced $401 million in net outflows throughout March, effectively erasing their cumulative gains from the first two months of 2025.
These redemptions represent approximately 6% of the total $6.77 billion in assets under management (AUM) across ether ETFs, according to data from SoSoValue. March 4 was the only day to record a positive inflow, with $14.58 million added. By contrast, ether ETFs saw net inflows of $101 million in January and $60 million in February.
Spot bitcoin ETFs also faced withdrawals, with net outflows of $893 million this month. However, given their significantly larger AUM of $94.35 billion, this accounts for just 0.9%, a considerably smaller impact. Bitcoin ETFs remain net positive for the year, buoyed by $5.25 billion in inflows during January.
The contrasting performance aligns with broader market trends. Since March 1, ether has dropped around 8.5%, while bitcoin has gained over 3%. On a year-to-date basis, ether has declined more than 37% to roughly $2,080, while bitcoin has seen a milder 7.5% drop to around $87,300. The CoinDesk 20 Index has also fallen by 21% in the same timeframe.
Despite recent struggles, ether ETFs have still accumulated a net inflow of $2.42 billion since launch. However, this figure pales in comparison to the $36.05 billion amassed by bitcoin ETFs, further highlighting the stronger institutional demand for BTC over ETH.
