US spot Bitcoin ETFs pulled in $1.32B in March, ending four straight months of outflows, though most investors remain underwater with a ~$84K average cost basisUS spot Bitcoin ETFs pulled in $1.32B in March, ending four straight months of outflows, though most investors remain underwater with a ~$84K average cost basis

Bitcoin ETFs Snap Outflow Streak with $1.3B Inflows in March

2026/04/02 14:20
2 min read
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  • U.S. spot Bitcoin ETFs recorded US$1.32B (AU$2.09B) in net inflows during March 2026, the first positive monthly flow since October 2025.
  • The March rebound still left Q1 2026 net flows at approximately -US$500M (AU$790M), after four months of combined outflows totalling roughly US$6.41B (AU$10.13B).
  • Most ETF investors remain underwater, with an average cost basis of approximately US$84,000 (AU$132,720) per BTC against a current Bitcoin price near US$68,000.

Spot Bitcoin ETFs recorded US$1.32B (AU$1.91B) in net inflows, ending a four-month streak of redemptions, but the recovery came after a quarter in which BTC fell more than 22% and institutional positioning weakened.

From November 2025 through February 2026, the products saw sustained outflows totaling about US$6.41B (AU$9.29B), according to data from SoSo Value. 

Monthly withdrawals reached US$3.5B (AU$5.08B) in November, US$1.1B (AU$1.6B) in December, US$1.61B (AU$2.33B) in January, and US$207M (AU$300M) in February. 

The selling coincided with a sharp price decline from Bitcoin’s October peak near US$126K (AU$182K) to around US$68K (AU$98K) by the end of March.

Related: Bitcoin Stress Spikes as Nearly Half of Supply Falls Into Loss

Four Months of Outflows Finally Reversed

Holdings across US spot ETFs followed the same pattern, with combined balances dropping from roughly 1.38 million BTC in October to about 1.28 million BTC during the outflow period, before recovering to around 1.31 million BTC by quarter’s end.

At that level, the funds control about 6.5% of circulating supply, with assets under management near US$87.5B (AU$126.88B) and cumulative net inflows since launch of about US$56B (AU$81.20B).

March inflows were uneven and accompanied by lower activity. Total trading volume reached about US$79B, down from US$93B in February. The largest single-day inflow, US$458.19M, occurred on March 2. 

BlackRock’s IBIT led late-month activity, adding roughly 1,450 BTC, or US$98.42M (AU$140M), on March 31 and helping lift that day’s total inflow to US$117.63M. IBIT’s assets stood near US$55B (AU$79.75B).

Volatility persisted through the end of March, which saw US$296.18M (AU$429M) in net outflows, including a US$201.67M (AU$290M) single-day withdrawal from IBIT, indicating continued sensitivity to short-term price movements.

Elsewhere, Ethereum ETFs posted US$769M (AU$1.1B) in quarterly losses, while Solana ETFs recorded US$213M (AU$309M) in gains, diverging from Bitcoin’s broader trend.

Read more: $53M Bitcoin Short Raises Eyebrows as Whale Bets on Market Turmoil

The post Bitcoin ETFs Snap Outflow Streak with $1.3B Inflows in March appeared first on Crypto News Australia.

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