US spot Bitcoin ETFs saw $1.32 billion in March inflows, their first monthly gain in 2026. This was not enough to offset January and February redemptions, however, resulting in roughly $500 million in net outflows for the first quarter as Bitcoin’s price fell over 22%.
US spot Bitcoin exchange-traded funds recorded net outflows in the first quarter of 2026. This occurred despite the category posting $1.32 billion in March inflows, according to SoSoValue. The March gain was the first monthly inflow of the year but followed January outflows of $1.61 billion and February outflows of $207 million.
Bitcoin posted its second consecutive quarterly price decline, falling more than 22% in Q1 after a 23% drop in Q4 2025, according to CoinGlass. Investor caution persisted throughout the period, with the Crypto Fear & Greed Index largely signaling “Extreme Fear.” Monthly trading volumes for the ETFs also eased to about $79 billion in March from previous months.
Spot Ether ETFs saw $46 million in net outflows for March. Among spot crypto ETFs, Ether products recorded the largest quarterly losses at $769 million.
XRP ETFs had March outflows of about $31 million but maintained positive quarterly net flows of roughly $43 million. Solana ETFs continued their inflow streak, adding $213 million over the quarter without a single month of outflows since their October 2025 launch. Cumulative inflows for spot Bitcoin ETFs reached roughly $56 billion by quarter’s end, with total assets under management standing at about $87.5 billion.
