Spot Ether ETFs in the U.S. Lost $401 Million in March as Market Downtrend Continued.

Outflows from bitcoin ETFs remained comparatively smaller than those from ether ETFs.

U.S. spot ether (ETH) exchange-traded funds (ETFs) saw $401 million in net outflows during March, effectively erasing the inflows from the first two months of 2025.

These redemptions account for nearly 6% of the total $6.77 billion in assets held by ether ETFs, according to SoSoValue data. March 4 was the only day to see positive inflows, with $14.58 million added. By comparison, January and February saw inflows of $101 million and $60 million, respectively.

Spot bitcoin ETFs also experienced withdrawals, with net outflows totaling $893 million this month. However, given their $94.35 billion in assets under management, the impact was significantly smaller at just 0.9%. Bitcoin ETFs remain net positive for 2025 due to strong inflows of $5.25 billion in January.

These outflows reflect recent market movements. Since March 1, ether has fallen roughly 8.5%, whereas bitcoin has gained over 3%. Year-to-date, ether has declined more than 37% to about $2,080, while bitcoin is down 7.5% at approximately $87,300. The broader CoinDesk 20 Index has dropped 21% over the same period.

Despite the decline, ether ETFs still maintain a total net inflow of $2.42 billion since their inception. However, this figure is overshadowed by the $36.05 billion amassed by bitcoin ETFs, underscoring the continued investor preference for BTC over ETH.