Bitcoin exchange-traded funds (ETFs) recorded outflows of $143.3 million on March 13, while Ethereum funds extended their losing streak for the seventh consecutive day, shedding $73.63 million.
Fidelity’s FBTC fund led the Bitcoin ETF outflows, seeing $75.48 million in withdrawals, followed by Ark 21Shares’ ARKB fund, which lost $60.23 million. On the other hand, BlackRock’s IBIT fund attracted $45.75 million in inflows, providing a positive contrast amid the broader negative trend.
As a result, total assets under management for Bitcoin funds declined to $89.6 billion, while Ethereum funds dropped to $6.49 billion. These movements reflect ongoing investor uncertainty, despite some signs of resilience, such as the IBIT fund’s continued inflows.
Bitcoin, which recently fell below $80,000, is showing signs of recovery. The leading cryptocurrency is now trading above $83,000, boasting a total market capitalization of over $1.65 trillion and a dominance of approximately 59%.
Crypto.com also announced a strategic partnership with Tawasal Gulf, a leading Emirati technology and artificial intelligence company, to integrate its services into the Tawasal network and the Tawasal Superapp, giving approximately four million users direct access to cryptocurrency trading.
