On March 3, 2026, the net inflow into spot crypto ETFs in the US was about $223.69 million. The main volume went to Bitcoin funds, which attracted $225.20 million.
ETFs for Ethereum were the only ones in the red. They recorded a net outflow of $10.80 million among tracked products.
Figures
Bitcoin ETFs showed a net inflow of 3,270 BTC worth $225.20 million. ETFs for Ethereum recorded a net outflow of 5,329 ETH worth $10.80 million, the only negative result among key products. ETFs for Solana added 8,084 SOL worth $700,000. Inflows into XRP funds totaled 5.42 million XRP worth $7.53 million. ETFs for Hedera attracted 10.92 million HBAR worth $1.06 million. DOGE, LTC, AVAX and LINK ended the day with no fund movement. The total net inflow for the day was about $223.69 million.
Internal Discrepancies
The overall result for the day looks calm. But if you look deeper, there are significant differences between issuers within the market.
For BTC the situation is as follows. BlackRock bought 4,690 BTC worth $322.40 million. Fidelity sold 1,300 BTC for $89.30 million. Grayscale reduced its position by 410 BTC, equivalent to $28.20 million. As a result, BlackRock’s purchases for the day exceeded the total net inflow for BTC by about $97 million. Outflows from Fidelity and Grayscale partially offset this volume, forming a final $225.20 million net inflow.
See Also: Solana’s Reversal Remains, but There Is a Risk of a 7–10% Correction
For Ethereum the picture is different. BlackRock acquired 20,674 ETH for $41.90 million. Fidelity sold 32,911 ETH for $66.70 million. Grayscale, on the contrary, added 6,908 ETH worth about $14 million. Sales by Fidelity clients exceeded the combined purchases of BlackRock and Grayscale, which led to a net outflow of $10.80 million.
Overall, it is clear that BlackRock and Grayscale are increasing their exposure to ETH, while Fidelity clients are exiting their positions. Whether this indicates a targeted reallocation from Ethereum or a broader portfolio rebalancing cannot be determined from flow data alone.
Context of ETH Outflow
The outflow of $10.80 million from Ethereum looks modest in absolute terms, but stands out against other recent network data.
In February, 31.6 million ETH was withdrawn from exchanges. The daily number of active addresses reached 837,200. In addition, a week earlier, ETFs for Ethereum recorded an inflow of $116.9 million. All this pointed to an accumulation phase.
Against this backdrop, the one-day net outflow from ETFs, mainly driven by sales from Fidelity clients, does not break the overall picture. But it adds a new detail that was not present in the previous week’s statistics, where the trend was exclusively positive.
Full Picture for March 3
Earlier in the March 3 report, a total inflow of $521 million was mentioned. These figures are based on another source or a different calculation methodology.
The figure of $521 million reflected total flows for the full day across all products. In turn, the amount of $223.69 million likely takes into account only part of the funds or uses a different reporting cutoff time.
Both figures relate to flows for March 3, but when comparing, it is important to consider differences in methodology and the composition of the products included.
