U.S.-listed spot Bitcoin ETFs ended March with $1.32 billion in net inflows to record their first monthly inflows since October, according to SoSoValue data.
This follows four straight months of net outflows, which coincided with bitcoin falling as much as 50% from its all-time high of $126,000 in October.
November saw $3.5 billion in capital outflows, 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 potential shift in momentum.
ETF assets under management, however, remained relatively resilient. Holdings fell from 1.38 million BTC in October to a low of 1.28 million BTC, a drop of around 7%, and have since recovered to around 1.31 million BTC, according to CheckonChain.
ETF investors remain underwater on average, with an estimated cost basis of nearly $84,000, compared to a current spot price of around $68,000.
