Institutional demand for crypto exchange-traded funds [ETFs] strengthened March 13. Bitcoin and Ethereum funds recorded strong daily inflows. At the same time, Solana ETFs showed a mixed trend despite positive daily allocations, according to Lookonchain data.
Combined flows across the three major crypto ETF segments indicated renewed institutional activity, with Ethereum ETFs leading the day’s inflows.
Ethereum ETFs lead the daily inflows
Ethereum ETFs recorded the strongest daily demand of the three assets and posted net gains inflow of 44,240 ETHworth approximately $96.7 million.
A lot of the demand came from Ethereum ETF from Fidelity [FETH]who saw 25,174 ETH added in one day. BlackRock’s ETHA ETF also recorded a notable influx of 9,062 ETHwhile Grayscale ETH products added 9,195 ETH.
Despite the strong daily inflow, the weekly picture remained more mixed. Ethereum ETFs recorded net inflows of 1,540 ETH over the past seven daysThis indicates that recent purchases have only partially offset previous outflows.
Overall, the funds are now holding together 5,744,156 ETH, valued at approximately $12.56 billion.
Bitcoin ETFs Continue Steady Accumulation
Bitcoin ETFs also recorded positive inflows that day, adding 570 BTC worth approximately $41.9 million.
Most of that demand came from iShares Bitcoin Trust from BlackRock [IBIT]who answered 658 BTC in daily inflow And 4,421 BTC in the past week. It strengthened its position as the dominant Bitcoin ETF.
Other funds had more mixed activities. Fidelity’s FBTC included 218 BTC in daily inflowwhile GBTC in grayscale products saw an outflow of 162 Bitcoin.
Over the past week, Bitcoin ETFs have seen net inflows of 2,589 BTCvalued at approx $190 million.
Together the funds are now holding up 1,287,827 BTC, worth approximately $94.5 billion.
Solana ETF flows remain uneven
The Solana ETF flows showed a more complex picture.
The funds are registered daily inflow of 29,906 SOLworth approximately $2.75 millionlargely driven by The BSOL ETF from Bitwiseadded some 46,563 SOL.
However, the broader weekly trend remained negative. Solana ETFs registered net outflow of 56,053 SOL over the past seven days, equivalent to approximately $5.16 million.
GSOL of grayscale fund saw weekly outflow of 45,343 SOLwhile Fidelity’s FSOL ETF recorded an outflow of 63,838 SOL over the same period.
Solana ETFs from all issuers are now jointly held 9,694,237 SOL, valued at approximately $891.9 million.
Institutional flows remain selective
The newest ETF data highlights how institutional capital continues to flow into the crypto markets, but not uniformly across assets.
While Ethereum led the daily inflows and Bitcoin continued to see steady accumulation, Solana’s mixed flows suggest that institutional investors remain more cautious toward newer ETF products.
Final summary
- Ethereum ETFs led the day’s institutional demand with inflows of nearly $97 million, while Bitcoin ETFs added about $41.9 million.
- Solana ETFs saw daily inflows but weekly outflows, reflecting uneven institutional sentiment towards the asset.