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Bitcoin ETFs reported net inflows of $167.03 million on Monday, March 9th. Three funds reported inflows, and two reported outflows.
Monday’s inflows came in after two consecutive days of net outflows (Thursday and Friday last week). Overall, US crypto spot ETFs posted $95.12 million in net inflows on Monday.
US President Donald Trump told a CBS journalist on Monday that the US-Israel-Iran war would soon come to an end. Oil prices fell, and BTC price rose in response to Trump’s announcement.
Bitcoin ETF Flows March 9th: BlackRock and Fidelity Lead Inflows
BlackRock (NASDAQ: IBIT) posted inflows of $109.31 million, leading Monday’s inflows, SoSoValue data shows. Fidelity (CBOE: FBTC) marked $60.09 million in inflows, and VanEck (CBOE: HODL) added $4.87 million.
Meanwhile, Bitwise (NYSE: BITB) reported an outflow of $4.49 million, and Ark 21Shares posted $2.74 million in outflows. Bitcoin ETFs ended the first week of the month with net inflows of $568.45 million.
Altcoin spot ETFs, including Ethereum (ETH), XRP, and Solana (SOL) ETFs, reported net outflows. ETH ETFs recorded $51.32 million in net outflows; XRP ETFs recorded $18.11 million in net outflows; and SOL ETFs reported $2.48 million in net outflows.
Bitcoin Price Resurfaces Above $69,000 After Trump War Comment
Bitcoin’s price appeared to rise after Trump stated that the ongoing US-Israel-Iran war would soon end. BTC closed Monday at $68,553, reflecting a nearly 4% close above Sunday’s close, TradingView data showed. Crypto Patel pointed to $80,000 and $90,000 as bullish upside targets for BTC.
“I think the war is very complete, pretty much. They have no navy, no communications, they’ve got no Air Force,” Trump told Weijia Jang of CBS News in a phone interview.
CoinGlass data shows a mixed bag of exchange BTC flows over the last 24 hours. Binance saw over 2800 BTC leave the exchange, and Coinbase Pro saw 193 BTC exit.
Moving ahead, Bitfinex displayed a 381 BTC inflow, and Kraken displayed a 321 BTC inflow. Furthermore, OKX showed a 14 BTC inflow.
As of writing this report, Bitcoin was trading at above the $70,000 mark, reflecting a 3% increase over Monday’s close.
Bitcoin dominance (BTC.D) also displayed an uptick, 0.7% rise over Sunday’s close. At Monday’s close, BTC dominance stood at 59.08%. At press time, BTC.D stood at 59.5%.
Ethereum price briefly surged past $2,000 on Monday. At press time, the ETH price was above $2,000, reflecting a 3%+ increase over Monday’s rise. SOL price closed Monday over 4% above Sunday’s closing price, trading at $87 as of press time.
XRP displayed a relatively milder reaction to BTC’s ascent, just 1.7% above Sunday’s close. Notably, XRP price reflected a stronger rise at press time, 3% above Monday’s close.
