Bitcoin ETFs Gain $13.3M as BTC Rebounds to $83K After CPI Report

Highlights:

• Bitcoin spot ETFs saw a $13.3M net inflow, breaking a seven-day outflow streak.
• Ark Invest & 21Shares’ ETF led with an $82.60M inflow, the highest single-day gain.
• Ethereum ETFs faced a $10.4M outflow, marking the sixth consecutive day of declines.

On March 12, spot Bitcoin (BTC) Exchange-Traded Funds (ETFs) saw a net inflow of $13.3 million, breaking a seven-day streak of outflows. According to the data from Farside Investors, Ark Invest & 21Shares’ ETF (ARKB) saw the highest single-day inflow yesterday, reaching $82.6 million. Its total historical net inflow now stands at $2.55 billion.

BlackRock’s iShares Bitcoin Trust (IBIT) recorded an outflow of $47.1 million. Meanwhile, Fidelity Physical Bitcoin ETP (FBTC) remained unchanged, with no inflows or outflows. Grayscale’s GBTC recorded a daily net outflow of $11.8 million, bringing its total historical outflow to $22.49 billion. 

However, its Bitcoin Mini Trust (BTC) had a net inflow of $5.5 million on the same day, raising its total historical inflow to $1.09 billion. Meanwhile, smaller funds like EZBC, BITB, HODL, and BRRR had no inflows. As of press time, Bitcoin spot ETFs had a total net asset value of $92.45 billion, representing 5.61% of Bitcoin’s total market value. The historical cumulative net inflow for these ETFs reached $35.41 billion.

The bullish trend comes as the US CPI drops below expectations and tensions between Russia and Ukraine ease, fueling market optimism.

Bitcoin Hits $83K Amid Rally, Analyst Warns of Key Support Break

Bitcoin experienced a slight rebound in the past 24 hours, leading the broader cryptocurrency market. This surge came after the release of the U.S. Consumer Price Index (CPI) report, which showed a decline to 2.8%, falling short of the expected 2.9%. As a result, the leading cryptocurrency recorded a 1.19% increase in the past 24 hours, trading at approximately $83,278.

Core CPI was softer than expected in February, rising 0.23% on a seasonally adjusted basis.

The year over year increase was 3.1%

Headline CPI rose 0.22% in February and was up 2.8% on the year. https://t.co/4bfanhNVKA pic.twitter.com/kd27O0zUjo

— Nick Timiraos (@NickTimiraos) March 12, 2025

Additionally, BTC Futures’ Open Interest increased by 1.2% in the past 24 hours, according to CoinGlass data.

However, crypto analyst Ali Martinez has observed a repeating pattern in Bitcoin’s price behavior when it drops below the 50-week moving average (MA). He noted that in 2014, 2018, 2020, and 2022, Bitcoin fell to the 200-week MA after breaking this level. Currently, if Bitcoin’s 50-week MA at $75,500 breaks, it may drop to $46,000.

Want to know if #Bitcoin $BTC is in a bull or bear market? Watch this! pic.twitter.com/c4AhsZT27m

— Ali (@ali_charts) March 12, 2025

Ethereum ETFs Face Outflows

Meanwhile, on March 12, Ethereum spot ETFs experienced a net outflow of approximately $10.3 million, marking the sixth consecutive day of such outflows. Notably, Fidelity’s Ethereum ETF (FETH) led the outflows with $3.7 million, while Grayscale’s Ethereum Trust ETF (ETHE) saw a $3.5 million withdrawal. As of this date, the total net asset value of Ethereum spot ETFs stands at $6.663 billion, representing 2.92% of Ethereum’s total market capitalization.

ETH price rose 1% in the past 24 hours, trading at $1,883. It touched a low of $1,832.02 and a high of $1,954.57. Meanwhile, Ethereum’s market dominance fell from 1.66% to 8.1% on Thursday. However, ETH futures open interest increased by 1.4% to $17.60 billion, showing growing investor interest.