Bitcoin ETFs post first monthly inflows since October as price stabilizes
CoinDesk
U.S. spot bitcoin ETFs recorded $1.32 billion in net inflows in March, marking their first monthly gain since October amid price stabilization.Summary
U.S.-listed spot bitcoin ETFs concluded March with $1.32 billion in net inflows, breaking a four-month streak of outflows that saw billions leave the funds as bitcoin prices dropped by as much as 50% from their October peak. This positive momentum aligns with bitcoin recording its first monthly price increase in six months. Despite the significant price decline, ETF assets under management have shown resilience, dropping only 7% from October highs before recovering to approximately 1.31 million BTC. While investors remain underwater with an average cost basis of $84,000 against a current price of $68,000, the return of inflows suggests a potential shift in market sentiment.
(Source：CoinDesk)