📊 BTC & ETH Spot ETF Summary (As of March 20, 2026) ✅ Takeaway Both BTC and ETH are experiencing net outflows. The key factors are outflows centered on IBIT and FBTC for BTC, and large-scale ETHA outflows for ETH, giving the overall market a strong risk-off character. For ETH, one column of TETH remains negative, so it is best to view this as a provisional figure. Market Snapshot • BTC Spot ETF: -$163.5M • ETH Spot ETF: -$55.7M WATCH • BTC: We need to monitor whether the outflows of IBIT (-$33.9M) and FBTC (-$103.8M) are one-day events or if they continue into the next trading day. • ETH: It is important to see if the FETH (-$37.1M) outflow slows down and if ETHA (-$1.3M) turns positive again. 👉 Since it is an outflow phase, avoid chasing or leverage; keep spot positions light or split. 👉 If a slowdown in BTC outflows or a reversal inflow of ETH is confirmed on the next trading day, you can increase your response intensity then.