U.S.-listed spot Bitcoin ETFs saw a return to net inflows in March, bringing in $1.32 billion and snapping a four-month streak of outflows, according to SoSoValue.
The prior stretch of redemptions came as Bitcoin dropped करीब 50% from its October peak of $126,000. Monthly outflows totaled $3.5 billion in November, followed by $1.1 billion in December, $1.6 billion in January, and $206 million in February.
March also marked a shift in price action, with Bitcoin posting its first monthly gain in six months—an early sign that bearish momentum may be easing.
Despite the sharp correction, ETF assets under management have remained relatively steady. Holdings fell from about 1.38 million BTC in October to a trough near 1.28 million BTC, a decline of roughly 7%, before recovering to around 1.31 million BTC, based on CheckonChain data.
However, most ETF investors are still holding at a loss. The average cost basis is estimated at around $84,000, while Bitcoin is currently trading near $68,000, leaving the majority of positions underwater even as inflows resume.
About The Author
More Stories
Bitcoin drifts down to $68,000 as large holders sell and demand fades.
Bitcoin options traders are quietly pricing in the possibility of a sharp decline.
Bitcoin climbs amid Iran truce discussions, with Algorand extending its rally