US spot crypto ETFs recorded $242.05 million in net inflows on March 10, with Bitcoin and Ethereum attracting capital simultaneously while XRP ETFs shed another $18 million in what is becoming a persistent outflow trend for the week.
Where the Money Went
Bitcoin ETFs absorbed 3,610 BTC worth $246.90 million, the dominant flow of the session by a wide margin. BlackRock alone accounted for 2,720 BTC at $185.80 million, continuing its pattern of leading institutional Bitcoin accumulation. Fidelity added 490 BTC worth $33.50 million. The remaining buyers across other Bitcoin ETF issuers split approximately $27.60 million.
Ethereum ETFs recorded a positive session with 6,325 ETH worth $12.60 million in net inflows. BlackRock added 8,368 ETH at $16.20 million while Fidelity contributed 5,371 ETH worth $10.70 million. The combined institutional buying from both firms exceeded the total ETH ETF inflow figure, which means other products saw net outflows that partially offset the BlackRock and Fidelity purchases. ETH returning to positive flow territory is notable given the year-to-date outflow picture described in the CoinShares weekly report covered earlier this week.
Hedera recorded a small positive session at $655,150 across 6.82 million HBAR. DOGE, LTC, AVAX, DOT, and LINK all recorded zero flows for the session.
XRP Continues to Bleed
XRP ETFs shed 13.29 million XRP worth $18.11 million on March 10, extending what has become a consistent outflow pattern across the past week. The timing sits awkwardly alongside the Goldman Sachs 13F filing data published earlier today showing $153.8 million in institutional XRP ETF exposure. Long-term institutional holders are building positions while short-term flows remain negative. Both things are true simultaneously and describe different participant cohorts operating on different time horizons.
The $18.11 million single-day outflow connects to the $30.3 million weekly outflow reported by CoinShares for the March 2 to 6 period. The selling has not stopped since that report was published.
The Broader Picture
$242 million in a single session is a meaningful number. For reference the CoinShares weekly report covering March 2 to 6 showed $619 million in weekly inflows followed by $829 million in two-day outflows. A $242 million positive session on March 10 suggests the institutional bid that reversed four months of outflows is still present, with Bitcoin remaining the primary destination and Ethereum beginning to participate in the recovery.
BlackRock’s consistent buying across both Bitcoin and Ethereum on the same day, $185.80 million in BTC and $16.20 million in ETH simultaneously, reflects the portfolio construction approach of an asset manager building broad crypto exposure rather than rotating between assets. When BlackRock buys both on the same day, it is adding to crypto allocation rather than rebalancing within it.
