The total assets under management (AUM) of the ETFs has only decreased by 7% from its October peak, demonstrating good resilience despite a 50% drop in price.
US-listed spot Bitcoin ETFs ended March with net inflows of $1.32 billion, marking their first month of inflows since October, according to data from SoSoValue.
Prior to this, the market had experienced four consecutive months of Capital outflows, coinciding with a period when Bitcoin fell by as much as 50% from its all-time high of $126,000 in October.
Specifically, November saw $3.5 billion withdrawn, followed by $1.1 billion in December, $1.6 billion in January, and $206 million in February.
March also marked Bitcoin's first bullish monthly candle in six months, suggesting that market dynamics may be shifting.
However, the total assets under management of ETFs remained relatively stable. Holdings decreased from 1.38 million BTC in October to a low of 1.28 million BTC (a drop of about 7%), before recovering to around 1.31 million BTC, according to data from CheckonChain.
Currently, ETF investors are still incurring Medium losses, with an estimated Capital basis of around $84,000, while the spot price of Bitcoin is at approximately $68,000.
