SoSoValue data shows that U.S.-listed spot Bitcoin ETFs saw a net inflow of $1.32 billion at the end of March, marking the first monthly inflow since October.
The move follows four consecutive months of net outflows, which come as Bitcoin has fallen 50% from its all-time high of $126,000 in October.
There were US$3.5 billion in outflows in November, followed by US$1.1 billion in December, US$1.6 billion in January, and US$206 million in February.
March also marked Bitcoin’s first monthly candle in six months, signaling a potential shift in momentum.
However, ETF assets under management have remained relatively resilient. According to CheckonChain, holdings fell by about 7% from 1.38 million Bitcoin in October to a low of 1.28 million Bitcoin, and have since recovered to around 1.31 million Bitcoin.
The average ETF investor remains underwater, with an estimated cost basis of nearly $84,000, compared with current spot prices of around $68,000.
