U.S.-listed spot bitcoin ETFs ended March with $1.32 billion in net inflows to record their first monthly inflows since October, SoSoValue data shows.
This follows four consecutive months of net outflows, which coincided with bitcoin falling as much as 50% from its October all-time high of $126,000.
Capital outflows of $3.5 billion occurred in November, followed by $1.1 billion in December, $1.6 billion in January and $206 million in February.
March also marked bitcoin’s first positive monthly candle in six months, suggesting a possible shift in momentum.
However, ETF assets under management have remained relatively resilient. Holdings decreased from 1.38 million BTC in October to a low of 1.28 million BTC, a drop of about 7%, and have since recovered to around 1.31 million BTC, according to CheckonChain.
ETF investors remain underwater on average, with an estimated cost near $84,000 compared to a current spot price of around $68,000.
