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BlackRock structures purchased $600 million worth of Bitcoin amid capital outflows from XRP
Spot Bitcoin exchange-traded funds (ETFs) recorded a net inflow of $767 million during the period from March 9 to March 13. The majority of this amount went to the IBIT product from asset manager BlackRock. This instrument accumulated $600.1 million.
At the same time, the GBTC fund from Grayscale recorded the largest outflow, losing $25.9 million over the same period.
Investments in leading smart contracts continue to grow
The five-day period became the first uninterrupted series of daily inflows for cryptocurrency derivatives in 2026. The analytical platform Arkham confirmed BlackRock’s absolute dominance in the market. The share of IBIT exceeded 78% of all Bitcoin investments. Consequently, the corporation confidently maintains the status of the largest institutional buyer of the asset through regulated mechanisms.
Bitcoin ETF flow dynamics. Source: SoSoValue
Spot products based on Ethereum also continued the positive trend. They attracted $160.9 million during the specified period. The leader in this segment was the FETH instrument from Fidelity, with $90.1 million. Meanwhile, ETHE from Grayscale recorded outflows of $13.4 million.
Derivatives linked to the price of Solana showed a modest result of $10.7 million. However, such figures indicate the formation of early institutional demand for this class of assets.
Ripple financial instruments show negative dynamics
While capital was actively directed into leading digital currencies, funds based on $XRP sharply diverged from the overall trajectory. Over the week, investors withdrew $28.07 million from these instruments. As a result, the Ripple coin became the only major category in the ETF market showing negative statistics.
The current losses worsen the already difficult situation for the ecosystem in March. Institutional players continue reducing their positions. At the same time, the total inflow into these products since their launch still exceeds $1.2 billion.
It remains unclear whether this divergence reflects a temporary portfolio rotation or a deeper change in sentiment among large institutional investors. The further direction of movement will likely be determined in the second half of the current month.
See also: "Bitcoin today: pullback after a jump to $76K; Iran and the Fed in focus"
