BlackRock Attracts $600 Million in Bitcoin ETF Inflows, ETH and SOL Rally in Tandem, XRP Under Pressure Against the Trend

BTC0,38%
ETH-0,36%
SOL0,34%
XRP1,19%

Gate News Report, March 16 — This week, Bitcoin (BTC) spot ETFs saw significant capital inflows, with BlackRock’s IBIT netting up to $600.1 million, further solidifying its dominant position among institutional investors purchasing regulated Bitcoin products. Meanwhile, Grayscale’s GBTC still experienced a net outflow of $25.9 million.

According to SoSoValue data, this week marked the first time since 2026 that there have been five consecutive days of continuous daily inflows. On-chain analytics firm Arkham confirmed that IBIT alone contributed over 78% of the net BTC inflow. Ethereum (ETH) spot ETFs attracted $160.9 million in capital during the same period, with Fidelity’s FETH performing the best, netting $90.1 million, while Grayscale’s ETHE saw an outflow of $13.4 million. Solana (SOL) ETFs also recorded a net inflow of $10.7 million, indicating early interest from institutional investors in this asset class.

In contrast, XRP (XRP) ETFs experienced a net outflow of $28.07 million this week, making it the only major crypto ETF to see capital exit. Although XRP ETFs have accumulated over $1.2 billion in inflows since launch, ongoing institutional selling has raised concerns about XRP’s long-term investment prospects.

Analysts note that the recent capital flows into Bitcoin and Ethereum reflect institutional investors’ risk-hedging and strategic positioning in mainstream crypto assets, while the outflow from XRP may suggest some investors are cautious about its short-term volatility. As the second half of March approaches, this divergence in capital movement could further influence market price trends and ETF capital flows, providing new signals for crypto asset investors.

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