U.S.-listed spot Bitcoin ETFs saw inflows return in March, pulling in $1.32 billion and ending a four-month run of outflows, according to SoSoValue.
The prior stretch of redemptions came as Bitcoin slid nearly 50% from its October peak of $126,000. 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 brought a shift in momentum, with Bitcoin posting its first monthly gain in six months—an indication that selling pressure may be easing.
Despite the sharp price correction, ETF assets under management have shown resilience. Holdings declined from around 1.38 million BTC in October to a low near 1.28 million BTC, a drop of roughly 7%, before rebounding to about 1.31 million BTC, according to CheckonChain data.
Even so, most ETF investors remain underwater. The average cost basis is estimated at roughly $84,000, compared with a current spot price near $68,000, leaving many holders at a loss despite the recent recovery in flows.
