Institutions Shift Capital from Gold to Crypto ETFs

Institutional investors poured fresh capital into cryptocurrency exchange-traded funds on March 13, with Ethereum funds leading daily inflows and Bitcoin products showing steady accumulation, even as gold ETFs continued to experience significant outflows amid escalating tensions in the Iran conflict.

Ethereum ETFs recorded the strongest demand that day, attracting net inflows of 44,240 ETH, valued at approximately $96.7 million. Fidelity's FETH fund captured the largest share, adding 25,174 ETH in a single session. BlackRock's ETHA followed with 9,062 ETH, and Grayscale's ETH products contributed 9,195 ETH. Over the preceding week, however, Ethereum ETFs saw more modest net gains of 1,540 ETH, partially reversing earlier outflows. The funds now hold a collective 5,744,156 ETH, worth about $12.56 billion.

Bitcoin ETFs also posted positive flows, adding 570 BTC or roughly $41.9 million. BlackRock's iShares Bitcoin Trust, IBIT, dominated with 658 BTC in daily inflows and 4,421 BTC over the week, solidifying its position as the leading product in the category. Fidelity's FBTC added 218 BTC that day, though Grayscale's GBTC saw outflows of 162 BTC. Weekly net inflows for Bitcoin ETFs...