ETHE ETFS spot in the United States climbed $ 401 million in March, with a decrease in the price

The money traded in the United States is linked to the ether (EthIt witnessed 401 million dollars in net external flows so far in March, which gives gains from the first two months of the year.

Records represent approximately 6 % of a total of 6.77 billion dollars in the assets that ether ETFS, according to data from Sosovalue. Only one day of this month – March 4 – positive flows, with the addition of $ 14.58 million. In comparison, January and February witnessed flows of $ 101 million and $ 60 million, respectively.

Instant Bitcoin’s investment funds also faced withdrawals, with $ 893 million of external flows this month, but the measurement of management assets was about 0.9 % than 94.35 billion dollars, less severe. Bitcoin boxes remain positive for the year after strong flows of $ 5.25 billion in January.

The contrast reflects the performance of the last market. Since March 1, ETHER has decreased about 8.5 %, while Bitcoin has gained more than 3 %. Year to date, the ether decreased more than 37 % to about $ 2,080. Bitcoin, although it also decreased, was better with a decrease of 7.5 % to about 87,300 dollars. The most widespread Coindsk 20 Index 21 % decreased in the same period.

Despite the recession, Eter ETFS still holds a clear flow of $ 2.42 billion since its launch. However, this is increased by dwarfs by Bitcoin counterparts, which are valued at $ 36.05 billion, highlighting the gap in the investor’s appetite between assets.