March Outflows from U.S. Spot Ether ETFs Hit $401 Million as Sell-Off Intensifies.

Bitcoin ETF outflows were relatively smaller in comparison to ether ETFs.

U.S. exchange-traded funds (ETFs) tied to ether (ETH) saw net outflows of $401 million in March, reversing the gains made in the first two months of 2025.

These redemptions account for nearly 6% of the $6.77 billion held by spot ether ETFs, according to data from SoSoValue. Positive inflows were recorded on only one day—March 4—when $14.58 million entered the funds. By contrast, January and February brought inflows of $101 million and $60 million, respectively.

Spot bitcoin ETFs also faced withdrawals, with $893 million in outflows this month. However, given their $94.35 billion in assets under management, the impact was milder at just 0.9%. Bitcoin funds remain net positive for 2025, buoyed by strong inflows of $5.25 billion in January.

This pattern reflects broader market movements. Since March 1, ether has dropped around 8.5%, while bitcoin has gained over 3%. Year-to-date, ether has plunged more than 37% to roughly $2,080, while bitcoin has declined by 7.5% to about $87,300. The broader CoinDesk 20 Index has slid 21% over the same period.

Despite recent losses, ether ETFs have still accumulated $2.42 billion in net inflows since their launch. However, this remains overshadowed by the $36.05 billion amassed by bitcoin ETFs, highlighting the stronger investor demand for BTC over ETH.